VCE Business Management Question Thread!

[lala1911]

And adds pressure on Centrelink to pay out unemployed people, thats what I used to get marks.

[Only Cheating Yourself]

Operating environment.  How are 'Suppliers and Creditors' an operating environment?  They're the people and business that supply resources to an organisation, the organisation has full control of the business that get their resources from.

[lala1911]

Operating environment.  How are 'Suppliers and Creditors' an operating environment?  They're the people and business that supply resources to an organisation, the organisation has full control of the business that get their resources from.

But the organisation has limited control. They can have control by ordering the stock, communicating but they don't have full of control of them as deliveries could be late, they are external to the organisation.

Same with creditors, you have control of managing your loan but not complete control.

[Only Cheating Yourself]

What makes LSO unique:
The sales and revenue of some 'multinational corporations' such as Walmart are bigger than the 'economies' of several small countries.  LSO's are able produce goods or services in 'bulk' at a low cost, because they have the financial mean to pay for the required technology and the huge staff needed to produce the good or service.

Would i get full marks and did i use key business terminology.

[Blues Fan]

What makes LSO unique:
The sales and revenue of some 'multinational corporations' such as Walmart are bigger than the 'economies' of several small countries.  LSO's are able produce goods or services in 'bulk' at a low cost, because they have the financial mean to pay for the required technology and the huge staff needed to produce the good or service.

Would i get full marks and did i use key business terminology.

It sounds good. I would avoid they have huge staff since that's not bus man terms, instead maybe say more than 200 employees. In the end link it back maybe link it back saying this is why a LSO is unique compared to a small scaled organisation.

[Only Cheating Yourself]

It sounds good. I would avoid they have huge staff since that's not bus man terms, instead maybe say more than 200 employees. In the end link it back maybe link it back saying this is why a LSO is unique compared to a small scaled organisation.

what if i keep it and have in brackets (that is 200 or more employes) as having 'huge' makes the sentence flow better.

[Blues Fan]

what if i keep it and have in brackets (that is 200 or more employes) as having 'huge' makes the sentence flow better.

I understand that you are trying to emphasise the large quantity of students, however huge isn't in business terms.

[Only Cheating Yourself]

I understand that you are trying to emphasise the large quantity of students, however huge isn't in business terms.

so what should i replace with ?

[SunnyB]

could someone please help me with this - Heinz Case Study thanks

[Only Cheating Yourself]

If i get given a question regarding how for e.g Quantas and the contribution they make to the economy how can i answer this?  If it just says explain two contributions can i explain one positive and one negative?

[Anchy]

Unsure about a question from the textbook.

Would it be important for employees, managers and customers to be familiar with an organisation's vision or mission statements? Why?

[Only Cheating Yourself]

Unsure about a question from the textbook.

Would it be important for employees, managers and customers to be familiar with an organisation's vision or mission statements? Why?

Yes, it is important as a vision statement states what an organisation aspires to become and a mission statement expresses why an origination exits, its purpose and how it will operate.  Employes need to be able to understand these statement as employes are essential for productivity, if they know the statement they may have a positive attitude towards their job hence are motivated to work, managers also need to understand the statement as managers make the everyday decisions for corporations so its important the directors communicate effectively to the employees and managers.  Customers also need to be familiar with the vision and mission statement as this can develop customer satisfaction for the business.  Which is important…

[Anchy]

Yes, it is important as a vision statement states what an organisation aspires to become and a mission statement expresses why an origination exits, its purpose and how it will operate.  Employes need to be able to understand these statement as employes are essential for productivity, if they know the statement they may have a positive attitude towards their job hence are motivated to work, managers also need to understand the statement as managers make the everyday decisions for corporations so its important the directors communicate effectively to the employees and managers.  Customers also need to be familiar with the vision and mission statement as this can develop customer satisfaction for the business.  Which is important…

Cheers, appreciate it.

[Only Cheating Yourself]

Cheers, appreciate it.

No worries, if we're given that exact q in a sac, do you think that would be to long of a response, also what i gave to you was really what i would given in a sac, any tips or anything i should improve in a response?

[Only Cheating Yourself]

How do LSO make a contribution impact on the economy?