Edexcel Business A Level Year 1 Includes AS 1st Edition Ian Marcouse, Andrew Hammond, Nigel Watson - Solutions

Edexcel Business A Level Year 1, 1st Edition by Ian Marcouse, Andrew Hammond, and Nigel Watson is an essential textbook for students seeking to excel in business studies. Our comprehensive collection offers online solutions and answers key to enhance your learning experience. Explore our solution manual and solutions PDF for in-depth understanding and access to solved problems. Discover chapter solutions and step-by-step answers tailored for every student's needs. Utilize our instructor manual and test bank to solidify your knowledge. All textbook solutions are available for free download, ensuring you have the resources needed to succeed.

What is accounting?
2 With the demise of Rangers F.C., Celtic has a monopoly in Scottish club football. Evaluate whether this proves that monopoly is something no business should wish for.
1 Evaluate the benefits to mobile phone buyers of the fierce competition between Samsung and Apple.
5 Assess whether, in today’s competitive market for consumer electronics, firms must constantly cut costs and prices if they are to survive.
4a) Use a dictionary or A-Z to find out the meaning of the term ‘loss leader’.b) Why do supermarkets use this tactic?
3 Examine three factors that would affect the competitiveness of a manufacturer of DVD players.
2 Explain why the market for consumer electronics has become more competitive.
1 Describe two characteristics of a highly competitive market.
4 Assess whether the Competition and Markets Authority was right to offer Virgin immunity from prosecution.
3 Assess two possible reasons why anti-competitive behaviour persists despite the fact that it is illegal.
2 Explain why anti-competitive behaviour such as price-fixing is illegal.
1 What is meant by the following terms:a) anti-competitive tacticsb) ‘whistleblowers’c) ‘collusion’?
8 Discuss whether it is right for some firms to use tactics such as predatory pricing to influence market structure.
7 Explain why many large firms prefer to buy out smaller rivals, rather than competing against them head-to-head.
6 Explain how product differentiation may help a firm to adjust to a more competitive market.
5 Outline two reasons why a supermarket such as Waitrose may be concerned if Mars and Cadbury merged into one business.
4 Analyse two factors which could decrease the level of competition within the car market.
3 How may an increase in competition within the UK banking market affect shareholders of banks such as Lloyds and HSBC?
2 Explain two reasons why monopolies exist.
1 What is a monopoly?
2 An important objective of business-related legislation is a ‘level playing field’. Evaluate the extent to which this is possible in a globalised world.
1 A laissez-faire ‘think-tank’ has recommended that the government should allow small firms to be exempt from all employment legislation. Evaluate the value of that recommendation to UK businesses.
3 Evaluate whether the case study proves that different legal standards make it impossible to have fair competition between firms from different countries.
2 Explain Dave’s general responsibilities to his staff according to UK health and safety law.
1 Outline two reasons why Dave seems unhappy about the legislation affecting Forbes Bricks Ltd.
5 Briefly explain why many UK firms would welcome a relaxation of environmental protection legislation.
4 Explain two possible consequences of a tightening of environmental protection laws for one of the following:a) a supermarketb) a chemical manufacturerc) a bank.
3 Briefly describe the main aims of the following legislation:a) employment lawsb) consumer protection lawc) health and safety law.
2 From the chapter, explain one advantage and one disadvantage to UK businesses of being based in the European Union.
1a) Explain, in your own words, the meaning of the term ‘laissez-faire’.b) Explain what a follower of laissez-faire might think about governments setting a National Minimum Wage.
2 In the last recession, Tata Steel closed one of its Scunthorpe steelworks, making hundreds redundant. Evaluate the strategies Tata could have adopted to prepare for recession.
1 Jaguar Land Rover exports 80 per cent of all the 500,000+ cars it produces in Britain. Evaluate the most probable response from the company if the pound appreciated sharply against other currencies.
3 Evaluate whether Waitrose would have been wise, at this time, to have differentiated itself further by switching entirely to Fairtrade supplies.
2 At this time in mid-2014, the rate of interest had been 0.5 per cent for five years. Assess how the position of Waitrose might have been affected by an increase in interest rates.
1 Assess the possible implications for Waitrose of a fall in ‘grocery price inflation’ to 0.4 per cent a year.
7 Outline two possible reasons why a UK manufacturer of chemicals might be concerned if the value of the pound depreciated.
6 A British detective agency has been hired by a French woman to tail a man. The fee is €500 per week. After four weeks, the sum of€2,000 is due to be paid, but the rate for the pound against the euro has fallen from 1.30 to 1.15.a) What sum will the detective agency receive in pounds for this
5 What is meant by ‘an appreciation’ in an exchange rate?
4a) Outline a change in government spending or taxation that could boost sales at Mothercare.b) Explain the possible impact on a supermarket chain of an increase in inflation.
3 Outline how an economic downturn could affect the level of unemployment.
2 Explain whether the Bank of England should raise or cut interest rates in the following circumstances:a) A sharp recession has hit the UK economy.b) House prices have risen by 16 per cent in each of the last two years.c) Household incomes and spending have been rising rapidly.
1 Explain why a fall in spending in London could have a knock-on effect on the economy in Bradford, Plymouth, Norwich or anywhere else in the country.
3 Evaluate the extent to which quality is a major competitive issue in service businesses.
2 Evaluate whether quality management is solely a matter for the resource management function.
1 ‘Quality control is about building quality in, not inspecting it out.’Evaluate this statement.
6 Once these changes have been made, the firm needs to ensure that quality is maintained and improved. Assess the implications for the firm of implementing a total quality management initiative.
5 Explain how Cara might convince the firm’s management to change the layout of the production facilities.
4 Assess the advantages PcNow may achieve from the discussion group formed to discuss the quality problems.
3 Assess two marketing implications for PcNow of the data in Figure 44.2.
2 From the case study, give two reasons for the quality problems experienced by PcNow.
1 Explain what Figure 44.2 shows.
2 Assess the importance of quality to a business such as Tesco.
1 Assess Tesco’s performance at choosing effective suppliers.
10 Outline two additional costs that may be incurred in order to improve quality.
9 Outline two benefits of adopting quality circles to a clothing chain such as Topshop.
8 What is total quality management?
7 What are the four stages of quality management?
6 What costs are involved if the firm has quality problems?
5 Give two marketing advantages that come from a quality reputation.
4 Why has there been an increase in awareness of the importance of improving the quality of products?
3 Suggest two criteria customers may use to judge quality at:a) a budget-priced hotel chainb) a Tesco supermarketc) a McDonald’s.
2 How important is quality to the consumer?
1 State two reasons why quality management is important.
2 Primark has decided to launch its first five shops in China. Up until now, it has had no presence in the country. Evaluate the challenges it will face in establishing an efficient system of stock management.
1 In November 2014, a mystery shopper went to five different stores and found the following level of products out of stock: Asda, 10 per cent; Morrisons, 15.6 per cent; Sainsbury’s, 6.2 per cent; Tesco, 9.1 per cent; and Waitrose, 3.1 per cent. Evaluate the implications of this for two of the
4 Assess whether a JIT approach to stock management is appropriate to a business with demand ‘spikes’, such as Sony.
3a) Explain why manufacturing businesses hold stock.b) Explain one benefit to a business from operating JIT with a zero buffer stock level.
2 A noted business analyst has said that ‘JIT is about meticulous planning’. How well did Fujitsu stand up to that test? Explain your answer.
1 Explain the weakness of JIT that was revealed by the 2011 earthquake and tsunami in Japan.
4 Assess two possible effects of a ‘stock-out’ on Brennan’s Bakery.
3 Explain how information technology might be used to improve communication between Ann’s shops and between the bakery andits suppliers.
2a) Draw a stock control graph for flour at Brennan’s Bakery over a six-week period.b) Draw a second graph showing the situation if twice the normal amount of flour were used in the fourth week.
1 What is meant by the following terms:a) re-order levelb) buffer stockc) lead time?
2 Sketch a graph to show the impact upon stock levels of a downturn in demand for a product for which a company has a non-cancellable fixed order from its suppliers. Fully label the graph to explain what happens when.
1 A firm sells 40,000 units a month. It receives monthly deliveries. Its maximum stock level is 50,000 and minimum (buffer) stock is 10,000. After two months (eight weeks), it decides to switch to weekly deliveries.a) Sketch a 12-week stock control graph to illustrate this situation.Assume the firm
10 Why is stock control of particular importance to an ice cream seller?
9 Explain the meaning of the sentence: ‘The purchaser’s reputation is placed in the hands of the external supplier.’
8 What is meant by just-in-time stock control?
7 Give three costs associated with running out of stock.
6 State three costs associated with holding too much stock.
5 Sketch a typical stock control chart.
4 Explain the difference between lead time and re-order level.
3 Outline two factors that might lead to a fall in stockholding costs.
2 State the three main categories of stock.
1 Why may it be important to maintain good relationships with suppliers?
2 Owing to a significant change in shopping habits, Tesco finds that its huge Tesco Extra shops are 40 per cent under-utilised. Evaluate what might be the right strategy for dealing with this.
1 Evaluate the implications of a decision by Arsenal FC to increase its stadium capacity from 60,000 to 80,000. (By all means substitute Arsenal for any other sports club with which you are familiar.)
3 In recent years, Ryanair has been on the receiving end of bad publicity regarding the quality of its customer service. Assess whether this could be due to the airline’s high load factors/capacity utilisation.
2 Other than price, assess the tactics Ryanair could employ in order to increase its load factors.
1a) A Boeing 737 can accommodate 213 passengers when full.Calculate the load factor of a flight carrying 150 passengers.b) The operating cost of flying a 737 is approximately £7,000 per hour. Calculate the average cost per passenger of a two-hour flight to Ibiza, assuming a load factor of 70 per
4 State which of the two options you would choose, and explain any other information you would need before making the final decision.
3 Assess the advantages and disadvantages of each option.
2 Calculate the monthly profit that would result from each of the two options.
1 Calculate the firm’s current monthly profit.
8 Outline two ways you might be able to tell that a supermarket was over-utilising its capacity.
7 Briefly explain the risks of operating at 100 per cent capacity utilisation for any extended period of time.
6 Use the information given in Table 42.2 to calculate profit per week at 50 per cent, 75 per cent and 100 per cent capacity utilisation. Maximum capacity Varlable cost per unit Total fixed cost per week Selling price 800 units per week 1,800 1.5 million 4,300
5 If a firm is currently selling 11,000 units per month and this represents a capacity utilisation of 55 per cent, what is its maximum capacity?
4 How can a firm increase its capacity utilisation without increasing output?
3 What formula is used to calculate the capacity utilisation of a firm?

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Edexcel Business A Level Year 1 Includes AS 1st Edition Ian Marcouse, Andrew Hammond, Nigel Watson - Solutions

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