30 Questions
Which type of businesses are more likely to be fine with high labour turnover?
Fast food chains
What is the main reason why technology or engineering firms may prefer lower labour turnover?
To reduce training and development costs
What is the main difference between voluntary dismissal and involuntary dismissal?
Employer's choice only applies in voluntary dismissal
What is constructive dismissal?
When an employee resigns due to intolerable working conditions created by the employer
Why might businesses like fast food chains find it easier to replace workers who leave?
Because of the low skill requirement
Why do technology or engineering firms prefer lower labour turnover compared to businesses like fast food chains?
To avoid frequent retraining of highly skilled workers
What is a key advantage of physical distribution channels according to the text?
Wide reach
Which aspect is a disadvantage of physical distribution channels as mentioned in the text?
Inventory management
What is the primary characteristic of online marketplaces highlighted in the text?
Easy access to products
Which distribution channel is associated with selling products through social media platforms?
Social Media
What is NOT mentioned as a disadvantage of physical distribution channels in the text?
Remote access
Which distribution channel allows for immediate gratification according to the text?
Physical stores
What is one major implication of high labour turnover on a company's recruitment costs?
Increased costs due to recruiting and training new employees
Why does high labour turnover lead to reduced productivity in a company?
New employees take time to become fully productive
What is a likely consequence of high labour turnover on employee morale?
Reduction in morale due to lack of job security
How can increased experience and knowledge benefit a company?
By improving productivity and efficiency
Why are employees who have been with a company for longer periods typically more productive?
Due to familiarity with the company's processes and procedures
What can drive innovation and create new business opportunities for businesses?
Sustainable sourcing practices
Which type of businesses are more comfortable with high labour turnover?
Businesses requiring a large number of temporary workers, like retail or hospitality
Which of the following is NOT a common sustainability measure for businesses mentioned in the text?
Using non-renewable materials
What is one way businesses can reduce costs by implementing sustainability measures?
Installing renewable energy systems
Which aspect of supply chain management involves the delivery of goods and services to customers?
Delivery
How can businesses benefit from green building design and construction?
Reduce costs on energy bills
Why should businesses make sustainability a priority according to the text?
To create a more sustainable future
What is a characteristic of niche markets?
High customer loyalty
Why are niche products or services often priced higher?
Specialized nature of the market
What is the primary goal of mass marketing?
Reach as many potential customers as possible
Which company exemplifies mass marketing in the text?
Coca-Cola
What is an advantage of mass marketing?
Wide reach leading to high sales volume
What is a disadvantage of mass marketing mentioned in the text?
Higher competition in crowded markets
Explore the differences between niche marketing and mass marketing. Learn about how niche markets can lead to high customer loyalty, higher prices, while mass marketing targets a broad audience through mass media channels.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
