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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!

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

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  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

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