1 / 11

This lesson we will be learning about 3.2 – Cost Effective Operations and Competitiveness

www.njhunter.co.uk. This lesson we will be learning about 3.2 – Cost Effective Operations and Competitiveness. How can a business save costs?. NO IDEA I NEED HELP NEVER HEARD OF IT. OK I CAN DO THIS WITH SUPPORT SOME GUIDANCE NEEDED NEARLY AT MY TARGET. GOT IT!

aizza
Télécharger la présentation

This lesson we will be learning about 3.2 – Cost Effective Operations and Competitiveness

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. www.njhunter.co.uk This lesson we will be learning about3.2 – Cost Effective Operations and Competitiveness How can a business save costs?

  2. NO IDEA I NEED HELP NEVER HEARD OF IT OK I CAN DO THIS WITH SUPPORT SOME GUIDANCE NEEDED NEARLY AT MY TARGET GOT IT! VERY CONFIDENTWILL HIT MY TARGET GRADE EXCEED TARGET LEARNING OBJECTIVES Explore how a business can lower costs in order to offer competitive prices.

  3. Key Terms • Productivity – is output per worker. It measures how much each worker produces over a period of time. • As a formula: • Productivity = Total Output _____________ Number of workers

  4. Lets do the maths... • Bates decorators – is a firm which paints and decorates new show homes Yorkshire. • In January, 5 painters managed to decorate 20 homes. • What is the rate of productivity?

  5. Lets do the maths... • Bates decorators – is a firm which paints and decorates new show homes Yorkshire. • In January, 5 painters managed to decorate 20 homes. • What is the rate of productivity? • Output 20 / 5 = 4 In February – They take on another member of staff and paint 30 homes. Are they more or less efficient? Why?

  6. Lets do the maths... • Bates decorators – is a firm which paints and decorates new show homes Yorkshire. • In January, 5 painters managed to decorate 20 homes. • What is the rate of productivity? • Output 20 / 5 = 4 In February – They take on another member of staff and paint 30 homes. Are they more or less efficient? Output 30/6 = 5 (more efficient) This shows a business that productivity is increasing.

  7. Satellite mapping to improve farm efficiency and productivity(4:45) • In western France, David Blot's family have farmed the same 3,000 acres for generations. To increase productivity and reduce costs, he's now turning to satellites to farm his land from space. • http://www.bbc.co.uk/learningzone/clips/satellite-harvest/7433.html

  8. Board work How can a business like McVities be productive?

  9. How can a business be productive? • Write at least 3 sentences explaining each point. • What does it mean (D-) • How would this work (C+) • Give an example which is applied to the business (B+) • Train staff • Have better equipment • Better work practices • Improved purchasing • Relocation • Better Design • Cutting overhead costs

  10. C A B

More Related