Product decisions: portfolio analysis & the product life cycle

Which of the following is a stage of the product life cycle?

Select one answer.

Figure 1 shows a monthly bar gate stock graph for a business.

Which one of the following is the earliest date that the buffer stock level is reached in Figure 1?

Select one answer.

Explain one benefit to a business of providing good customer service.

Explain one impact a pressure group may have on the marketing mix of a business.

In the Source Booklet, look at Figure 4 and read Extract B, then answer Question 7.

Give the name of one document a business may send to an applicant during the recruitment process.

Figure 5 shows the percentage of new car and electric vehicle (EV) registrations in the

(Source: https://cleantechnica.com/2023/08/05/uk-ev-share-at-24-1-bevs-double-model-y-top/)

Figure 5

Using the information in Figure 5, identify the type of electric vehicle (EV) that had the highest percentage of registrations.

Outline one impact globalisation may have on Polestar.

In order to reduce its costs of production, Polestar is considering the following two options:

Option 1: increased use of just in time (JIT) stock control

Option 2: finding new suppliers for its components.

Justify which one of these two options Polestar should choose.

Evaluate the importance of the aesthetics element of the design mix for Polestar ’s electric vehicles (EVs). You should use the information provided as well as your knowledge of business.

Which one of the following is an element of the design mix?

Select one answer.

Which one of the following is the best definition of a trade bloc?

Select one answer.

Explain one reason why a business may increase its product range.

Explain one advantage to a business of using just in time (JIT) stock control.

In the Source Booklet, look at Figure 2 and read Extract A, then answer Questions 4, 5 and 6.

Outline one method of internal growth that Popeyes could use.

Analyse the importance to Popeyes of differentiating its products.

Figure 1 shows a diagram of the product life cycle.

What is Phase 4 called?

Select one answer.

Which one of the following is an element of the design mix?

Select one answer.

Explain one reason why a business might use performance reviews with its employees.

Explain one impact on a business of using flow production.

In the Source Booklet, look at Figure 3 and read Extract A, then answer Questions 4, 5 and 6.

Outline one possible method, other than faster delivery, that Ocado could use to differentiate its service.

Analyse the benefit to Ocado of good customer service.

Which two of the following are stages of the product life cycle?

Select two answers.

Which two of the following are elements of the design mix?

Select two answers.

Table 1 contains information about a new piece of machinery that a business wants to purchase.

Using the information in Table 1, calculate the average rate of return.

Explain one advantage to a business of having motivated employees.

Explain one impact on a business if tariffs are placed on its exports.

Which one of the following is a stage in the sales process?

Select one answer.

Figure 2 shows a business’ sales revenue from each of its four locations in South Yorkshire in 2020.

Using the information in Figure 2, calculate the average sales revenue for this business in 2020. You are advised to show your workings.

Explain one method that a business could use to reduce its environmental impact.

Explain one method that a business could use to extend the life cycle of one of its products.

Discuss the impact on a company of using retained profit as a source of finance for expansion.

State one good that Greggs produces in its factories.

Outline one benefit to Greggs of being a public limited company (plc).

In order to continue the growth in its sales, Greggs is considering two options:

Option 1: differentiate its product range

Option 2: lower its prices.

Justify which one of these two options Greggs should choose.

Which two of the following are examples of goods?

Select two answers.

Which two of the following would allow a business to improve employee retention?

Select two answers.

Table 1 contains financial information about a business.

Using the information in Table 1, calculate the net profit of the business.

Explain one reason why aesthetics may be important in the design mix of a product.

Explain one drawback to a business of introducing a system of quality assurance.

Which two of the following are external sources of finance?

Select two answers.

Which two of the following are methods of external growth for a business?

Select two answers.

Table 1 contains financial information about the performance of a business.

Using the information in Table 1, calculate the gross profit made by the business. You are advised to show your workings.

Explain one benefit to a business of withdrawing a product when it enters the decline phase of its product life cycle.

Explain one benefit to a business from improving the aesthetic element of a product’s design mix.

Which one of the following is a stage in the sales process?

Select one answer.

In 2018 a business sold three products, X, Y and Z. Figure 1 shows the sales revenue generated for each of these products.

Sales revenue for products X, Y and Z in 2018

Using the information in Figure 1, calculate, to 2 decimal places, the percentage of total sales revenue made by product X in 2018. You are advised to show your workings.

Explain one drawback to a business from differentiating its product.

Explain one impact on a business from increased globalisation.

Discuss the impact on a business of becoming a public limited company (plc).

Which one of the following is an element of the design mix?

Select one answer.

Which one of the following is an example of an internal source of finance?

Select one answer.

Explain one drawback to a business of using job production.

Explain one advantage to a business of producing a high quality product.

Which one of the following is a barrier to international trade?

Select one answer.

Figure 1 shows the sales revenue of a business over three years.

Using the information in Figure 1, calculate the percentage increase in sales revenue from 2015 to 2016. You are advised to show your workings.

Explain one method a business could use to differentiate its product.

Explain one possible barrier to effective communication within a business.

Discuss the impact on a business of giving employees permanent contracts.

Outline one method Mind Candy could use to extend the product life cycle of one of its games.

Analyse the impact on Mind Candy of reducing the size of its workforce.