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1. (a) Which one of the following is the minimum level of stock held by the business in the bar gate stock graph shown in Figure 1? Select one answer - Edexcel - GCSE Business - Question 1 - 2022 - Paper 1
Question 1
1. (a) Which one of the following is the minimum level of stock held by the business in the bar gate stock graph shown in Figure 1? Select one answer. A 200 units... show full transcript
Worked Solution & Example Answer:1. (a) Which one of the following is the minimum level of stock held by the business in the bar gate stock graph shown in Figure 1? Select one answer - Edexcel - GCSE Business - Question 1 - 2022 - Paper 1
Step 1
Which one of the following is the minimum level of stock held by the business in the bar gate stock graph shown in Figure 1?
Answer
The minimum level of stock from the graph is 300 units. This can be determined by looking at the lowest point on the stock held axis, which corresponds to the quantity of stock being maintained.
Step 2
Step 3
Explain one benefit to a business of allowing its employees to work flexible hours.
Answer
Allowing flexible hours can lead to increased employee satisfaction and morale. Employees often appreciate the ability to manage their work-life balance, which can result in higher productivity and lower turnover rates.
Step 4
Explain one disadvantage to a business of using a just in time (JIT) system of stock control.
Answer
One disadvantage is that it can lead to stock shortages if not managed properly. Since JIT aims to keep inventory levels low, any disruption in the supply chain can halt production and result in lost sales opportunities.