ignore me! just writing a chain of analysis from what you said (feel free to copy and paste) labour productivity -> total number of output/ total number of workers -> 'x' units per worker -> identify labour productivity accross departments/ previous years/months etc./ with other firms -> if a firm has identified that a competitor has a high labour productivity -> producing the same quantity of output but with fewer workers -> your variable costs will be larger -> issue -> raise prices -> less competitive (lower level of demand for elastic products) -> IDENTIFYING THIS -> opportunity to develop new business strategies to increase productivity -> i.e. make workers redundant and introduce time and motion management -> make managers more firm with their subordinates, to prevent laziness -> maximise productivity labour productivity -> doesn't factor in how much we are paying workers -> can't be used to calculate the cost of labour -> even if a company's labour productivity is lower (lower units of product produced per worker) -> it won't become an issue if the company is paying their workforce lower wages, than other firms (with a higher labour productivity)
Thank you SOOO MUCH for all your videos which explain everything better than any book! 😙 Due to the upcoming exams, I would also be very pleased if you could explain the purpose and effects of Boston Matrix and Market Mapping as I simply don't know how to evaluate big questions about them 😥
@@lofisky4355 Brodie, it has been well over 5 years since this comment has been here… 1. he definitely did good in the exams 2. He most likely finished University lol, and remember it’s not specifically mentioned about business, but * upcoming exams *, so he wouldn’t remember that 💀
Hey thank you for your videos can you make further videos for chapters such as product portfolio analysis lean production methods marketing plan etc before this years Alevels GCSEs
ignore me! just writing a chain of analysis from what you said (feel free to copy and paste)
labour productivity -> total number of output/ total number of workers -> 'x' units per worker
-> identify labour productivity accross departments/ previous years/months etc./ with other firms
-> if a firm has identified that a competitor has a high labour productivity -> producing the same quantity of output but with fewer workers -> your variable costs will be larger -> issue -> raise prices -> less competitive (lower level of demand for elastic products) -> IDENTIFYING THIS -> opportunity to develop new business strategies to increase productivity
-> i.e. make workers redundant and introduce time and motion management -> make managers more firm with their subordinates, to prevent laziness -> maximise productivity
labour productivity -> doesn't factor in how much we are paying workers -> can't be used to calculate the cost of labour -> even if a company's labour productivity is lower (lower units of product produced per worker) -> it won't become an issue if the company is paying their workforce lower wages, than other firms (with a higher labour productivity)
Love you sir you have very well explained thanks and lot of love for the lecture 👍👍
Thanks so much for this video I passed my business test from my quarter. Thank you so much! :D
well done! keep it up
Can u please do a video on the design mix please
Can you do a video on paper 3 please and for like questions involving case studies
So useful!
Thank you - more coming soon!
are your videos for aqa?
cant wait to watch this and make more notes!
Sometimes, it seems like the revision will never end but I'm sure it will all be worth it on results day! Good luck with the note making.
Thank you SOOO MUCH for all your videos which explain everything better than any book! 😙 Due to the upcoming exams, I would also be very pleased if you could explain the purpose and effects of Boston Matrix and Market Mapping as I simply don't know how to evaluate big questions about them 😥
What grade did you get?
@@lofisky4355 lmao 💀
@@lucasehgal1230 what
@@lofisky4355 Brodie, it has been well over 5 years since this comment has been here… 1. he definitely did good in the exams 2. He most likely finished University lol, and remember it’s not specifically mentioned about business, but * upcoming exams *, so he wouldn’t remember that 💀
@@lucasehgal1230 my guy, doesnt matter if its been a while it is a simple question that I want to know how well he did its fine
in your desc are you able to like state what paper this would be in and what year (year 1 or year 2)
Unfortunately not, as this will depending on which exam board you are following and it could end up confusing people
Very useful
Hey thank you for your videos can you make further videos for chapters such as product portfolio analysis lean production methods marketing plan etc before this years Alevels GCSEs
Hi can u start and put your vids in 4K plz cause this would be outstanding if you did
Hi Guys! Taking the 2017 As paper tomorrow (AQA) anyone remember whats in it ?
I do not need to go to school ,my parents want to hire you to coach me individually ,are u interested ,just for 2months
Hi