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Assess the importance of capacity utilisation during the Commonwealth Games - Edexcel - A-Level Business - Question 1 - 2022 - Paper 3
Question 1
Assess the importance of capacity utilisation during the Commonwealth Games. Capacity utilisation refers to the extent to which an organization uses its installed p... show full transcript
Worked Solution & Example Answer:Assess the importance of capacity utilisation during the Commonwealth Games - Edexcel - A-Level Business - Question 1 - 2022 - Paper 3
Step 1
Knowledge: Understanding the importance of capacity utilisation
Answer
The importance of capacity utilisation during events like the Commonwealth Games is tied to financial performance, customer experience, and sustainable practices. Optimizing use of facilities makes it possible to achieve greater efficiency.
Step 2
Application: Examples of capacity utilisation impact
Answer
For example, high capacity utilisation allows organizations to spread costs across a larger audience, which can lead to better financial outcomes. Additionally, venues filled to capacity enhance the atmosphere and engagement among participants and attendees.
Step 3
Analysis: Implications of capacity utilisation
Answer
The approach to capacity utilisation is essential as it not only maximizes short-term gains but also builds a positive reputation for future events. A well-utilized capacity enhances community trust and can lead to more events, which benefits the local economy.