Exam (elaborations)
AQA A level business studies paper 3 2024 Exam Questions with Answers
- Course
- Institution
AQA A level business studies paper 3 2024 Exam Questions with Answers
[Show more]
Seller
Follow
RevisionKing
Reviews received
Content preview
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller RevisionKing. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80796 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now