UNIVERSITY OF CAMBRIDGE
LOCAL EXAMINATIONS SYNDICATE
INTERNATIONAL EXAMINATIONS
A’ LEVEL
MANAGEMENT OF BUSINESS
PAPER 2
JUNE 1992
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https://www.coursehero.com/file/28965681/Business-Studies-Paper-1-June-1992pdf/
, 1a). Why is the management of stock important? (10)
b). Outline a stock control system which a business might use to control
levels of stock. (10)
c). Under what circumstances would you advise holding high levels of
stock? (5)
2a). With aid of appropriate examples, distinguish between ‘private’ and
‘social’ costs of production, and explain why such information is
needed. (9)
b). Why, and how, might a manager use Marginal Costing techniques?
(16)
3a). What is meant by Elasticity of Demand? (9)
b). Why might a Marketing Manager attempt to influence the elasticity of
demand for a product? (16)
4. R & B Records have 300 employees, the majority of whom are
unskilled production line workers.
Over the past year there has been a significant increase in the
number of products rejected, levels of materials wastage, and in the
complaints from customers.
A study, carried out by independent consultants, has revealed that
poor training is the main cause of these problems.
Write a report to the Managing Director of R & B, outlining the
advantages of having a well- trained workforce, and giving a full
This study source was downloaded by 100000829818949 from CourseHero.com on 01-28-2022 14:19:13 GMT -06:00
https://www.coursehero.com/file/28965681/Business-Studies-Paper-1-June-1992pdf/
LOCAL EXAMINATIONS SYNDICATE
INTERNATIONAL EXAMINATIONS
A’ LEVEL
MANAGEMENT OF BUSINESS
PAPER 2
JUNE 1992
This study source was downloaded by 100000829818949 from CourseHero.com on 01-28-2022 14:19:13 GMT -06:00
https://www.coursehero.com/file/28965681/Business-Studies-Paper-1-June-1992pdf/
, 1a). Why is the management of stock important? (10)
b). Outline a stock control system which a business might use to control
levels of stock. (10)
c). Under what circumstances would you advise holding high levels of
stock? (5)
2a). With aid of appropriate examples, distinguish between ‘private’ and
‘social’ costs of production, and explain why such information is
needed. (9)
b). Why, and how, might a manager use Marginal Costing techniques?
(16)
3a). What is meant by Elasticity of Demand? (9)
b). Why might a Marketing Manager attempt to influence the elasticity of
demand for a product? (16)
4. R & B Records have 300 employees, the majority of whom are
unskilled production line workers.
Over the past year there has been a significant increase in the
number of products rejected, levels of materials wastage, and in the
complaints from customers.
A study, carried out by independent consultants, has revealed that
poor training is the main cause of these problems.
Write a report to the Managing Director of R & B, outlining the
advantages of having a well- trained workforce, and giving a full
This study source was downloaded by 100000829818949 from CourseHero.com on 01-28-2022 14:19:13 GMT -06:00
https://www.coursehero.com/file/28965681/Business-Studies-Paper-1-June-1992pdf/
