: Occurs when the secondary sector declines in importance while the tertiary sector grows. Section 2: People in Business Organizational Structures
: Individuals fulfill a strict pyramid of needs, from basic survival to self-actualisation. 3. Marketing: Understanding and Reaching the Consumer
Attracting and choosing the right employees is vital for operational efficiency.
Hiring from outside the business via job boards or agencies. It brings fresh skills but is expensive. edexcel igcse business studies revision notes pdf
: Explores production methods (job, batch, flow), quality control, and the impact of technology on efficiency. Strategic Exam Preparation
Reading a PDF is passive. Instead:
: You should understand the pros and cons of "Tall" vs. "Flat" structures, including the span of control and the chain of command . : Occurs when the secondary sector declines in
Primary (field) vs. Secondary (desk) research methods.
: Continuous, mass production of standardized items moving down an assembly line (e.g., soft drinks). Low cost per unit but high initial capital setup costs. Lean Production and Quality
: Few layers of hierarchy, wide spans of control, and rapid communication. : Explores production methods (job, batch, flow), quality
Communication Breakdown: Slow, distorted messages across large hierarchies.
: Focuses on larger, established businesses and international growth.
Different groups have varying interests in a business: Owners/Shareholders: Want high profits and dividends. Employees: Want job security and high wages. Customers: Want high quality and low prices. Suppliers: Want regular orders and on-time payments. Local Community: Wants low pollution and job creation. 1.3 External Influences