1
Q
Labour turnover formula
A
Number of staff leaving in a year/Average number of staff x 100
2
Q
Labour retention formula
A
Number of staff staying in a year/Average number of staff x 100
3
Q
Labour productivity formula
A
Total output per time/Number of employees at work
4
Q
Unit labour costs fomula
A
Labour costs/Units of output x 100
5
Q
Employee costs as a percentage of revenue formula
A
Employee costs/Sales turnover x 100
Business
flashcards
Decks in class (29)
# Cards
-
Understanding the nature and purpose of a business7
-
Marketing mix6
-
Product life cycle12
-
Decision making6
-
Understanding different business forms18
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Improving efficiency and productivity: Capacity7
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Productivity and efficiency9
-
HR formulas5
-
Product life cycle11
-
Promotion9
-
Marketing objectives18
-
Motivation theorists2
-
Income elasticity of demand8
-
MCQ Paper 1 revision practice19
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Understanding management decision making6
-
Improving motivation and engagement21
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Improving cash flow and profit3
-
Managing inventory and supply chains19
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Using the Marketing mix9
-
Segmentation, targeting, positioning11
-
Understanding markets and customers12
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Pricing strategies BEST15
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Internal and external influences on the mission of a business3
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Internal and external influences on corporate objectives and decisions10
-
The value of SWOT analysis3
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Analysing the internal position: financial ratio analysis1
-
Distribution channels GOOD6
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Income statements1
-
Porters Generic Forces11
