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AQA A level business studies paper 3 2024 Exam Questions with Answers
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AQA A level business studies paper 3 2024 Exam Questions with Answers
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AQA A level business paper 3 2024Exam Questions with Answers
state 2 stakeholder needs of employees - Answer>> job
security and competitive pay/benefits
state 2 stakeholder needs of customers - Answer>> value for
money and after sales service
state 2 stakeholder needs of local community - Answer>> job
creation and less pollution
state 2 stakeholder needs of suppliers - Answer>> regular
orders and payment on time
stakeholder mapping - Answer>> identifies the approaches a
business can take towards its stakeholders based on their level of
power over the business their interest in the business; monitor (l-
l), keep informed (h-i, l-p), keep satisified (h-p, l-i), manage
closely (h-h)
list 3 reasons why businesses should consider stakeholder needs
when making decisions - Answer>> decisions are likely to be
consider and implemented more easily, firm can gain more
favourable reputation from growing public interest, and
productivity levels increase due to a rise in employee motivation
which ca then increase competitiveness
identify 2 stakeholders that needs overlap - Answer>> banks
and shareholders
, identify 2 different stakeholder needs that cause conflict -
Answer>> shareholders and employees
outline a situation where managing stakeholder relationship would
require communication - Answer>> a local school SLT may
embark on one-way communication to inform the local community
of its intension to open up more places to its year 7 intake; this
decision may be communicated through its website or via a
newsletter
outline one situation where managing stakeholder relationship
would not require communication - Answer>> when
management decide to launch a new product range, it would not
need to inform the local community or pressure groups of such
action
2 examples of industrial goods - Answer>> machinery and
component parts
2 examples of consumer goods - Answer>> shopping goods
(phones, clothes), convenience goods (milk/bread, newspapers)
2 influences on integrated marketing mix - Answer>> target
market and current stage of product life cycle the product is in
2 influences on new product development - Answer>> actions
of competitors and amount of resources available
2 influences on choice of distribution channel - Answer>> the
nature of product and customer expectations in terms of being
able to access/purchase product
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