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1 (a) Which one of the following is a non-financial method of motivating an employee? Select one answer. ☐ A Bonus ☐ B Commission ☐ C Job rotation ☐ D Remu... show full transcript
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One significant benefit of external recruitment is that it brings in fresh ideas and perspectives from candidates outside the organization. This can enhance creativity and innovation within the business, ultimately contributing to a more dynamic workplace.
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A lack of communication can lead to employees being unsure of their roles and responsibilities. As a result, they may start to make mistakes, leading to a decrease in the quality of the goods or services provided. This impacts overall business performance and customer satisfaction.
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1.1 Role of business enterprise and entrepreneurship
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1.2 Business planning
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1.3 Business ownership
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1.4 Business aims and objectives
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1.5 Stakeholders in business
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1.6 Business growth
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2.1 Role of marketing
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2.2 Market research
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2.4 The marketing mix
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3.2 Organisational structures and different ways of working
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3.3 Communication in business
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3.5 Motivation and retention
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3.6 Training and development
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4.1 Production processes
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4.2 Quality of goods and services
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4.3 Sales processes and customer service
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4.4 Consumer law
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4.6 Working with suppliers
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5.1 Role of the finance function
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5.2 Sources of finance
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5.3 Revenue, costs and profits
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5.5 Cash and cash flow
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6.2 The economic climate
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