HSC Business Studies Question Thread

[BradMate]

Internal influences: business culture, management, resources, location, and product.
External influences: political, social, technological, economic, financial, geographic, legal, institutional, competition, markets.

Marketing strategies: market segmentation, product/service differentiation and positioning
products -- branding, packaging
price -- skimming, penetration, loss leader, price points
promotion -- advertising, personal selling, relationship marketing, sales promotions, publicity and public relations, opinion leaders, word of mouth
place -- distribution channels, channel choice, physical distribution issues
people, processes and physical evidence
e-marketing
global marketing -- global branding, standardisation, customisation, global pricing, competitive positioning

I'm thinking the same as Julie, did you get them from the textbook or just sort of think them through?

They sound good though, thanks.

[kiiaaa]

where did you get those influences from?!

it is from the yr 11 syllabus - the first topic

[Juliesokha]

WHAAAT? Do we have to know stuffs from year11?! I mean yes we do but those influences..please tell me no because there's only a day left

[austv99]

Can someone explain developmental performance management and administrative performance management?

[fantasticbeasts3]

WHAAAT? Do we have to know stuffs from year11?! I mean yes we do but those influences..please tell me no because there's only a day left

just did a quick google for this - i don't think you do! only maths is stated to have up to 30% of prelim content tested, doesn't say anything about business :-)

Can someone explain developmental performance management and administrative performance management?

there was a really great explanation of this somewhere in this thread - wish you could put a search term for threads! (never mind it is a thing... wow i'm so technologically challenged) will edit this post when i find it - if not, i'll type up a quick explanation :-)

edit: here it is!

[MisterNeo]

Can someone explain developmental performance management and administrative performance management?

Developmental is performance appraisal in the best interests of the employee. They would continuously check on their performance to get them to develop their skills for the future and their own good.
Administrative is performance appraisal in the best interests of HR management itself. They would check performances of employees to see what management is doing wrong in training, and change their approach accordingly.

[Juliesokha]

Hi,
HR Processes - Development - Does it include training, development and performance appraisal?

[~BK~]

could someone pls help me understand why the answer to question 12 is B... as you can tell, i really don't like finance stuff!
how do i calculate the current ratio with the info given?!
tia.

[[MA165]]

could someone pls help me understand why the answer to question 12 is B... as you can tell, i really don't like finance stuff!
how do i calculate the current ratio with the info given?!
tia.

Hey BK 
think it is Current assets divided by the Current liabilites... so (15000+3000)... divide... (5000+5500)
which equals 1.7.... so i think that means there is 1.7 assets for every liability which is acceptable as the business is liquid enough to pay off the liabilities....  (short-term stability)
i think thats how u do it!

[~BK~]

Hey BK 
think it is Current assets divided by the Current liabilites... so (15000+3000)... divide... (5000+5500)
which equals 1.7.... so i think that means there is 1.7 assets for every liability which is acceptable as the business is liquid enough to pay off the liabilities....  (short-term stability)
i think thats how u do it!

thanks heaps MA..
so on the stock section (under current assets) with the ? does that just not count??
btw- never realised you had an account on here
ATVB tomorrow!

[MisterNeo]

thanks heaps MA..
so on the stock section (under current assets) with the ? does that just not count??
btw- never realised you had an account on here
ATVB tomorrow!

The current ratio is 2:1.
You have to find the "?" to be able to calculate the current ratio since it includes ALL current assets.
You would add the entire right-side of the balance sheet together (liabilities+equity), then subtract the entire left-sdie from it. A balance sheet must balance, hence you can find the value of stock with the "?".
Stock=[Liabilities(110500)+Equity(35500)]-[Assets(143000)]
There is $3000 stock.
After putting this into the formula (21000/10500), you get 2:1 current ratio, which is acceptable because it is higher than the industry average of 1.9:1.

[~BK~]

The current ratio is 2:1.
You have to find the "?" to be able to calculate the current ratio since it includes ALL current assets.
You would add the entire right-side of the balance sheet together (liabilities+equity), then subtract the entire left-sdie from it. A balance sheet must balance, hence you can find the value of stock with the "?".
Stock=[Liabilities(110500)+Equity(35500)]-[Assets(143000)]
There is $3000 stock.
After putting this into the formula (21000/10500), you get 2:1 current ratio, which is acceptable because it is higher than the industry average of 1.9:1.

ahhhhh... true true.. thanks heaps for that... seems quite a bit of working out for a MC!! 
i would wish you luck in the exam tomorrow but by the sounds you won't need any!!...
but ALL THE VERY BEST anyway!!...
thanks again for all the help

[[MA165]]

thanks heaps MA..
so on the stock section (under current assets) with the ? does that just not count??
btw- never realised you had an account on here
ATVB tomorrow!

Hahahaha..... hmm i am very helpful!! opps... turns out there is such a thing as stock
sorry bout tht... thanks MrNeo!!
HAGD n ATVB BKL
Syt

[~BK~]

Hahahaha..... hmm i am very helpful!! opps... turns out there is such a thing as stock
sorry bout tht... thanks MrNeo!!
HAGD n ATVB BKL
Syt

hahaha, nah, its fine at least we both now know!!
thanks for your help anyway MJA
syt

[TheFreeMarketeer]

Could someone help me with 19 and 20, found here: https://imgur.com/a/N2gwE

Additionally, if someone could redirect or provide me with a business formula sheet, that'd be great.