underutilisation -> low number of actual output relative to maximum output (given resources -> factory size, machine, tech products, labour etc.) -> cost of production is spread over fewer units -> cost per unit is higher -> prices are set higher (less competitive) -> lowering in demand -> selling unused assets/leasing (lowering maximum capacity) -> reduce/increasing pricing (depending on elasticity of product)/promotional techniques -> increase sales revenue -> profit can be retained to fund the usage of (currently unused) equipment (increasing actual capacity) -> make staff redundant (lower maximum capacity) -> redeployment of staff -> staff which is idle can be redirected to work in a department which needs attention. (increasing actual capacity) -> reducing size of the workforce (closing outlets etc.) -> rationalisation (lowering maximum capacity)
I'm writing my A Level Business Paper 3 tomorrow, and I really really want to thank you for all these amazing, informative and interesting videos on key Business topics. Considering that there are hardly any resources on the internet, this has certainly helped me!
Thank you so much for all of your videos, i really wish your channel got more support, you're a life saver - you explain things so well and most importantly EVALUATE them rather than just state what they are. What a lad! ;p
These videos are great. I don't know how you do the video without even looking at the board, yet you say exactly what is on it!! Incredible effort and dedication. I am sure one video may take many attempts. Thank you.
just wanted to say i really appreciate all of these videos you make compared to other business youtubers since your videos arent boring in the way you present them compared to other business youtubers. keep up the good work boss. as well as this id like to ask a question as to if you will be covering second year A level business topics since im still in my first year at college?
Thankyou very much for this video i really am thankful for it,But i have one question if a topic appears on one paper does this rule it out of being on other papers for that same year?
Sort of. If The ROCE calculation appears on paper 1, it's highly unlikely to also be on one of the other papers. However, there might be questions on other ratios, such as liquidity ratios (which are part of the same topic) on the other papers. So the same topic area might appear on more than one paper, but the exact concept the question is on is probably only going to be questioned once. Hope that makes sense!
Not really. Most of the videos are suitable for AQA, Edexcel and OCR. Some of the theories are only on certain specifications, so make sure you check what theories are on the board you are studying. You might find some of the exam skills videos are only specific to AQA though.
underutilisation
-> low number of actual output relative to maximum output (given resources -> factory size, machine, tech products, labour etc.)
-> cost of production is spread over fewer units -> cost per unit is higher -> prices are set higher (less competitive) -> lowering in demand
-> selling unused assets/leasing (lowering maximum capacity)
-> reduce/increasing pricing (depending on elasticity of product)/promotional techniques -> increase sales revenue -> profit can be retained to fund the usage of (currently unused) equipment (increasing actual capacity)
-> make staff redundant (lower maximum capacity)
-> redeployment of staff -> staff which is idle can be redirected to work in a department which needs attention. (increasing actual capacity)
-> reducing size of the workforce (closing outlets etc.) -> rationalisation (lowering maximum capacity)
I'm writing my A Level Business Paper 3 tomorrow, and I really really want to thank you for all these amazing, informative and interesting videos on key Business topics. Considering that there are hardly any resources on the internet, this has certainly helped me!
What a great comment! Thanks for watching and good luck in your exam tomorrow!
Did you pass?
@@tinoepikayi5740 Got an A* mate ;)
Thank you so much for all of your videos, i really wish your channel got more support, you're a life saver - you explain things so well and most importantly EVALUATE them rather than just state what they are. What a lad! ;p
Top comment! Thank you for taking the time to leave such positive feedback
These videos are great. I don't know how you do the video without even looking at the board, yet you say exactly what is on it!! Incredible effort and dedication. I am sure one video may take many attempts. Thank you.
the best a levels business teacher, helping with my revision for feb march :)
An absolute life saver, don’t know what I would do without these videos!
The videos you make are very useful and I thank TakingTheBiz for this...
I'm having my paper 3 may/june 2020 and I'm very well with these videos
most perfect timing ever
Helps with last-minute revision, thanks.
just wanted to say i really appreciate all of these videos you make compared to other business youtubers since your videos arent boring in the way you present them compared to other business youtubers. keep up the good work boss. as well as this id like to ask a question as to if you will be covering second year A level business topics since im still in my first year at college?
Thank you for such a positive comment. There are already lots of Year 2 videos available on the channel with more to come.
What you do sir, is awesome. Thanks so much for your contribution.
Can there be a separate video on lean production? That would be great
Best explanation! Love your videos!
Thankyou very much for this video i really am thankful for it,But i have one question if a topic appears on one paper does this rule it out of being on other papers for that same year?
Sort of.
If The ROCE calculation appears on paper 1, it's highly unlikely to also be on one of the other papers. However, there might be questions on other ratios, such as liquidity ratios (which are part of the same topic) on the other papers.
So the same topic area might appear on more than one paper, but the exact concept the question is on is probably only going to be questioned once. Hope that makes sense!
Thankyou for you're reply will more videos be coming out during the run in to exams such as hackman and oldhams model and strategic drift?
ur taking the absolute biz mate
brilliant video buddy
Hi your channel looks really good. But are you tailored to any specific exam board?
Not really. Most of the videos are suitable for AQA, Edexcel and OCR. Some of the theories are only on certain specifications, so make sure you check what theories are on the board you are studying. You might find some of the exam skills videos are only specific to AQA though.
TakingTheBiz oh okay. Thanks :)
Thank you very much for making this vid. I owe u alot!!
I hope it helps! Thank you for taking the time to leave a comment
Can you make a vid on the design mix and how products are designed using the design mix. It would be really helpful for me
Hi can u please make videos on the international markets topic
Could you please cover the "Bartlett and Ghoshal's international strategies"/model??
Coming soon
Much appreciated, you're videos are very helpful. Keep up the good work sir!
what's ur gov name
god bless you!
Could you make a video on e- commerce, market research and business models
Hi !! Could you do a video on market capitalisation/market share please ?? :)
Can you do a video on Profit margin ratios and inventory turnover ratios? thanks :)
Interesting
I love
best'
Inbetweeners uniform