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2. Which two of the following are likely to be sent to a business by a person applying for a job? Select two answers - Edexcel - GCSE Business - Question 2 - 2019 - Paper 1
Question 2
2. Which two of the following are likely to be sent to a business by a person applying for a job? Select two answers. A Application form B CV C Job adv... show full transcript
Worked Solution & Example Answer:2. Which two of the following are likely to be sent to a business by a person applying for a job? Select two answers - Edexcel - GCSE Business - Question 2 - 2019 - Paper 1
Step 1
Which two of the following are likely to be sent to a business by a person applying for a job?
Answer
The two most likely documents that would be sent to a business by a person applying for a job are:
- Application form - This is typically filled out by the applicant and submitted to provide their details and express interest in a position.
- CV - The Curriculum Vitae (CV) is a comprehensive document outlining the applicant's education, work experience, and skills.
Step 2
Which two of the following are likely to increase the productivity of a business?
Answer
The two methods likely to increase the productivity of a business are:
- Retraining employees - By improving the skills of current employees, a business can enhance efficiency and productivity.
- Introducing new technology - New technology can streamline processes, reduce time spent on tasks, and improve overall output.
Step 3
Using the information in Table 1, calculate the average rate of return. You are advised to show your workings.
Answer
To calculate the average rate of return (ARR), we can use the formula:
[
ARR = \left( \frac{\text{Average Annual Profit}}{\text{Cost of New Machine}} \right) \times 100
]
Substituting in the values from Table 1:
[
ARR = \left( \frac{100,000}{400,000} \right) \times 100 = 25%
]
Step 4
Explain one benefit to a business of having a good relationship with its suppliers.
Answer
One significant benefit of having a good relationship with suppliers is that it can lead to better pricing and discounts on materials.
When suppliers are confident in their partnership with a business, they are more likely to offer favorable terms, which can result in lower costs and increased profit margins for the business.
Step 5
Explain one advantage to a business of improving its environmental sustainability.
Answer
Improving environmental sustainability can make a business more ethical and socially responsible.
This commitment can enhance the company's reputation, attract more customers who are environmentally conscious, and potentially lead to increased sales and customer loyalty.