Restrictions on free trade

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.

Which one of the following is a fringe benefit?

Select one answer.

Figure 2 shows a bar gate stock graph which shows the deliveries of raw materials to a business in June 2021. These deliveries are labelled A, B and C.

Using the information in Figure 2, calculate the total amount of stock that was delivered to the business in June 2021. You are advised to show your workings.

Explain one disadvantage to a business of having a poor relationship with its suppliers.

Explain one impact on a business of introducing job rotation.

Discuss the impact on a business from new tariffs being introduced by countries it exports to.

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.

State one impact to Tesla of continuing to make a loss.

Outline one drawback to Tesla of a government introducing tariffs on imports from the US.

In order to raise the finance for its new Chinese factory, Tesla is considering two options:

Option 1: share capital

Option 2: loan capital.

Justify which one of these two options Tesla should choose.

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.