Business (9609) - Improving Evaluation - AS/A2 Level Business

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  • เผยแพร่เมื่อ 16 ม.ค. 2025

ความคิดเห็น • 109

  • @ROCKYISOKAY7
    @ROCKYISOKAY7 ปีที่แล้ว +36

    Case C (1c)
    One way to achieve efficiency would be to introduce jit inventory control. Jit will help the business in reducing the storage costs as the business will order the resources/raw materials according to the demand, hence it will result in reduction of expenses and increase in the profits. However, wether or not jit is successful in achieving efficiency will depend upon the supplier which the business imports the raw materials from. If the supplier isn't reliable enough, it can cause a delay in the production process of the business as there would be a lack if resources which will lead to the business not being able to cater the demand and hence losing customers in the future

    • @sxzz3480
      @sxzz3480 8 หลายเดือนก่อน +1

      wait can you help me with this answer
      Sales forecasting form an essential part of business planning process, and predict future business performance. PY had recently been worried about the performance of the cafes, but sales forecasting can be used to estimate future sales of the business , and if its high then PY can decide whether to close any cafes or keep them open.This will prevent PY to incur any loses, however sales forecast can be inaccurate and PY might end up closing the profitable branches
      Can you tell me how much marks i will get from this point? i always thought the evaluation shouldnt be too much but the answer you gave in your comment focuses less on analysis and more on evaluation

  • @kishashashithran4830
    @kishashashithran4830 ปีที่แล้ว +17

    Case 2A
    1. Reducing prices will help to increase market share because lower prices will lead to increased demand due to the inverse relationship between demand and price. A large number of customers will choose to purchase the product, which will increase the customer base and therefore increase market share. However, whether this happens will depend on the price elasticity of demand for the products. If the price elasticity of demand for the product is relatively low, a reduction in price is unlikely to lead to a bigger proportionate increase in demand, which inevitably will not lead to increased market share. On the other hand, a reduction in price will not lead to increased market share because cheaper prices may make the product seem cheap and of low quality, which will not appeal to customers. However, whether this happens will depend on the price sensitivity of customers. If customers have lower disposable income and are looking for bargains, a reduction in price could lead to increased demand, thus increasing sales and consequently market share.
    2.However , the business could choose to employ a different method to increase market share. The business could choose to develop the product to give it a unique selling point and make it stand out from competitors products. This element of exclusivity could appeal to customers and lead to increased demand for it, thus increasing market share. On the other hand, the business could choose to increase the range of distribution outlets to enable the product to be easily accessed by consumers, which could increase demand and therefore increase market share.
    3.In conclusion, it would be more effective for the business to choose to develop and improve the features of the product compared to reducing the price or increasing the range of distribution outlets in order to increase market share. This is because if the product is cheap but unreliable and no different from others in the market, customers may not choose to purchase it. On the other hand, if the product is not well suited to customer’s requirements and not innovative enough, a large number of distribution outlets will not encourage customers to purchase it even though it may be convenient to do so.
    4. Therefore, improving the features of the product will prove more effective in increasing market share as opposed to simply reducing prices.

    • @Komerrr
      @Komerrr หลายเดือนก่อน

      you are amayzing

  • @udarbektv7858
    @udarbektv7858 3 หลายเดือนก่อน +1

    Even though your videos have less views, these videos are just masterpieces

  • @sgxmonster8643
    @sgxmonster8643 9 หลายเดือนก่อน +3

    CASE C
    will depend on the relationship of the producer with the suppliers. if the supplier is not able to supply resources on the required time then it would be disastrous for the business as they would not be able to provide services on time which can reduce customer satisfaction it also depends on the forecast of demand if it's forecasted that will increase the jit would not be useful as it can lead the inventory to run out and business would not be able to fulfill the customer demand which would cause lost in sales

  • @darkrider3952
    @darkrider3952 11 หลายเดือนก่อน +4

    Case C (1C)
    Just in time inventory control comes under the concept of Kaizen which is the process of continuous improvement whilst minimizing waste. In just in time, no inventories are held by the business. Raw materials are demanded from the suppliers when the business receives an order from a customer and the finished good is then delivered immediately. There is no holding of raw materials and/or finished goods. This eliminates the storage costs that the business would incur otherwise. Also this way, there is no chance of the raw materials or finished goods going bad or obsolete as they will not be held. However, the business is very dependent on the reliability of the suppliers to effectively implement this system. If there is a delay in supply then production cannot begin so the delivery of finished good will also be delayed. The quality of the supplies must also be acceptable as if it is defective then the business will not be able to do anything as they will not have backup inventory. Furthermore, the business also has a greater reliance on its employees. They will need to be multi-skilled because if one worker is absent, another one should be able to take their role to keep the production from halting.

  • @minawthathike3513
    @minawthathike3513 8 หลายเดือนก่อน +6

    (Case 1F) However, the extent to which this remain as drawback to business depend upon on the annual sales. If the business can sell more products produced by the new machinery which can result in higher revenue and profit which can cover the total investments for the new machinery, it won't longer be the drawbacks. Also, how well the business can utilize the new machinery can be one of the factor too. If the business able to increase the efficiency of the business by cutting off wastages and maximise the products produced, then this could result to lower overhead cost, hence more profits to business which can be used to repay for the loan.

  • @aksheeta996
    @aksheeta996 2 หลายเดือนก่อน

    Thank you so much for this!!! Big help

  • @maanehamudasir4994
    @maanehamudasir4994 ปีที่แล้ว +1

    V helpful thank you sir 👍🏼

  • @zeyankhan5201
    @zeyankhan5201 ปีที่แล้ว +1

    case 1F: however, the extent to which this remains a drawback will depend upon the life and annual payment rate of interest, the profit margin of the business or the issuance of bonus shares to shareholders in order to delay dividends or maybe the fact that the company is private limited and it isnt much important to pay dividends that frequently as compared to a public limited company.

  • @Tabia-b3l
    @Tabia-b3l 4 หลายเดือนก่อน

    Sir thanks for the help.We need more videos for A2 paper solved .Please upload

  • @fariskhan7624
    @fariskhan7624 ปีที่แล้ว +2

    Case 1 f
    However extent to which this remains a drawback depend upon size of the business as large businesses can get loans in cheaper rates which can reduce the expenses comparitively to a good extent. Secondly this drawback remains a drawback will depend upon efficiency of the production process, if adding this new machinery helps the business to achieve efficiency to a greater extent like reducing wastage thus expenses,these reduced expenses can assist to pay the interest of loan and maybe in repayment too

  • @qatrina1159
    @qatrina1159 ปีที่แล้ว +2

    This video was very helpful sir ❤️

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว

      Thank you so much Qatrina! 😊
      Glad to have been of assistance.

  • @fariskhan7624
    @fariskhan7624 ปีที่แล้ว +1

    Case C
    Jit will help to reduce storage cost like warehouse rent and refrigeration that will result in reduced expenses and increased profitability.
    However whether or not jit improves efficiency will depend upon reliability of supplier because if supplier doesn't provides supplies like Raw material on time it will delay production loosening efficiency. Also it depends on skills of Labours as if they cannot handle production properly once order arrives and increase wastage of raw materials, it will result in reduced profitability.

  • @kitkatt1724
    @kitkatt1724 ปีที่แล้ว +1

    This was really helpful, thankyou

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว

      Utmost pleasure ☺️

  • @muhammadmustafaalimir5070
    @muhammadmustafaalimir5070 11 หลายเดือนก่อน

    Thank you Sir very well detailed and clearly understood

    • @bkbilalkurd
      @bkbilalkurd  11 หลายเดือนก่อน

      Most welcome! Thank you for your compliment

  • @harry-m5c
    @harry-m5c 2 หลายเดือนก่อน

    For q2a did u mean drawbacks by evaluation ? Or like evaluating the advantages we wrote?

  • @Nushhh17
    @Nushhh17 8 หลายเดือนก่อน +1

    Case C (1C) -- One way to achieve efficiency would be to introduce JIT inventory control. JIT will help the business eliminate cost of storage and reduce wastage in case of perishable goods. This, in turn, could increase operational efficiency and cause a potential increase in profits due to the reduced amount of expenses. However, whether or not JIT is successful in achieving efficiency will depend upon the fluctuation of demand for the product. JIT wouldn't be the best option to increase efficiency in case the demand for the good rises. The business won’t be able to satisfy a huge demand if they continue to use JIT. This could lead to a reduced amount of consumer satisfaction and a loss of customers.

  • @tf141agustus5
    @tf141agustus5 8 หลายเดือนก่อน

    Well explained.. thank you sir❤️

    • @bkbilalkurd
      @bkbilalkurd  8 หลายเดือนก่อน +1

      Most welcome!

  • @khalisha.aina.youtube
    @khalisha.aina.youtube 4 หลายเดือนก่อน

    thankyou sir

  • @rameshshanmugam5058
    @rameshshanmugam5058 11 หลายเดือนก่อน

    YOU TEACH SO GOOD?!!! Sir?!!! Thanks a lot! Your a great teacher! I understood so well I’m so happy

    • @bkbilalkurd
      @bkbilalkurd  11 หลายเดือนก่อน

      Thank you so much for such a heart warming response! Much appreciated!

    • @rameshshanmugam5058
      @rameshshanmugam5058 11 หลายเดือนก่อน

      @@bkbilalkurd 😊😊

  • @h44ris
    @h44ris ปีที่แล้ว +13

    business p1 in less than 12 hours i hope it goes well😢

    • @unaizailyas830
      @unaizailyas830 ปีที่แล้ว +2

      What grade u ended up with

    • @h44ris
      @h44ris ปีที่แล้ว

      @@unaizailyas830 B

    • @clan_dez9468
      @clan_dez9468 10 หลายเดือนก่อน +1

      Yeah, how did it go?

    • @superzananas6254
      @superzananas6254 3 หลายเดือนก่อน

      Same

  • @imaanahmed-ss6ym
    @imaanahmed-ss6ym ปีที่แล้ว

    wohhooo you should be awarded fot the best business teacher

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว

      That is such a kind thing to say, thank you so much!

  • @arsalasif9731
    @arsalasif9731 ปีที่แล้ว +4

    I am target market of this question. Hehe😂

  • @fariskhan7624
    @fariskhan7624 ปีที่แล้ว +2

    2 A
    Sir asked to give adv and disadv of reducing prices in 1 paragraph
    How can we implement this and ways to then analyse and evaluate both drawbacks and benefits together
    I am concluding without the above 2 paragraphs sounds strange but here's the thing
    I think improving the product like car it self is a better approach to increase market share as it will help to gain customer's loyalty as well as retain increased market share for a long period of time
    However reducing prices may seem increasing demand but it is of no use if the product itself isn't satisfying the customers needs.

  • @harry-m5c
    @harry-m5c 2 หลายเดือนก่อน

    Im taking Accounting business and economics for the first time and i have mocks in november i wasnt familiar with the writing style but watching ur videos changed it but just a quick question. Should i go for understanding concepts first or the writing style?

  • @Elevationeveryday72
    @Elevationeveryday72 8 หลายเดือนก่อน

    1C
    JIT is defined as the process of meeting customer demand by processing the exact amount of products at the time your customers need it. A way could be to decrease amount of stock since the supplier will only supply the raw material when it’s required, leading to a reduce in the costs of maintaining inventory. However, whether or not JIT is successful in achieving efficiency, it depends on the relationship between the supplier and the business and how fast he can supply the products, for example, it the supplier delays with the delivery, the business could lose customer relationships. Also it depends on the employees skills and knowledge and the way the work under pressure

  • @suhanisimhal772
    @suhanisimhal772 11 หลายเดือนก่อน

    i am a bit confused between limitations and evaluative comments. for example, as discussed in the video about the q- discuss various ways through which a restaurant...
    for feedback we divided points between advantages and evaluation but what about the disadvantages like feedback could be time consuming for the business.. do we leave this part and straight away evaluate through the extent..?

  • @ibrahimacademy5350
    @ibrahimacademy5350 ปีที่แล้ว

    Mashallah❤❤❤

  • @rahulshyper2005
    @rahulshyper2005 3 หลายเดือนก่อน

    Case F:
    However, whether or not this is remains a drawback will depend upon the earning power of the business. If the business makes good amount of sales then increased costs and reduced profit wont stress out the business shareholders.
    The result of this drawback may also depend upon the objectives of the shareholders. Because shareholders may switch their objectives to growth.

  • @zainabomer2245
    @zainabomer2245 9 หลายเดือนก่อน

    this video was very helpful

    • @bkbilalkurd
      @bkbilalkurd  9 หลายเดือนก่อน

      I am glad! Thank you

  • @manhatariq6017
    @manhatariq6017 9 หลายเดือนก่อน +1

    *this was extremely helpful. can someone recommend an economics sir who makes such youtube videos itll rly help me out*

    • @imliterallyryangosling.
      @imliterallyryangosling. 8 หลายเดือนก่อน

      Econplusdal

    • @hanahgade
      @hanahgade 7 หลายเดือนก่อน

      @econplusdal🎉 he's so good at Economics

    • @waleedmra
      @waleedmra 4 หลายเดือนก่อน

      econplusdal and economics by abdulhadi

  • @ubaid370
    @ubaid370 8 หลายเดือนก่อน

    Is it necessary to develop the evaluation point in main body? for example in case 2 “the ultimate benefit will depend upon the relationship with suppliers.” Is this enough or do you have to write the impact and consequence of this as well?

    • @bkbilalkurd
      @bkbilalkurd  8 หลายเดือนก่อน +1

      You would need to explain in context

  • @haleemanoor2127
    @haleemanoor2127 9 หลายเดือนก่อน

    so basically instead of writing drawbacks to the benefits as an evaluation, we should focus more on the depends upon element?

    • @bkbilalkurd
      @bkbilalkurd  9 หลายเดือนก่อน +1

      Evaluation is a broad term. There are multiple ways to score evaluation marks. Both the ways you mentioned are right but the latter approach (one taught in the video) doesn’t require a candidate to keep knowledge of drawbacks too which is why the depends on approach works mostly well at times.

  • @jordyndavis3426
    @jordyndavis3426 ปีที่แล้ว +1

    Hello Sir,
    I sent an eamil regarding the spepcimen paper model answers that you showed in on of your previous videos, could you please kindly share these with me, it would be a huge help.

  • @itswhitestorm2000
    @itswhitestorm2000 ปีที่แล้ว

    Case C
    Just in time will help the business to maximize efficiency by reducing the costs from holding inventories, further reducing the inputs needed to reach desired output.
    However, the extent to which JIT will be helpful to the business's efficiency will depend on the suppliers providing the business with raw materials. If the supplier providing these materials are not on time, then it will delay the production process of the business, not improving the business's efficiency.

  • @adnanbinzakir
    @adnanbinzakir 3 หลายเดือนก่อน +1

    My exams are in 3 days (7Th Oct)

  • @zeyankhan5201
    @zeyankhan5201 ปีที่แล้ว

    Case C: however, whether or not jIT is successful in achieving efficiency will depend upon the workforce's resistance to change, the management's style of leadership, reliability and reaction of suppliers and implementation of ERP.

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว

      Need to explain one factor so for example, how will workers resistance to change be a factor?

  • @mastersameer132
    @mastersameer132 ปีที่แล้ว

    Case c:
    Wether or not JIT would acheive efficiency will depend upon wether business is maintaining quality as priority as defects can be very expensive to correct which can increase cost of production and since business has no extra inventory and hence efficiency could not be achieved and customer order cannot be delivered.moreover it depends upon wether workers can work on short notice since aim is to keep inventory low so production had to start immediately as the raw material arrive so if they cannot work on short notices it will incurr storage cost again reducing efficiency :).

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว

      Well said master sameer ☺️

  • @keyboardnerd4294
    @keyboardnerd4294 9 หลายเดือนก่อน

    sir what i do is i write two advantages in two paras,then critique those in further two paras and then in the last para i i write it depends on this factor,give two sides and then come to a conclusion. can we answer like this

    • @bkbilalkurd
      @bkbilalkurd  9 หลายเดือนก่อน

      Yes sure but please do be particular about time spent

  • @Abdullahshoaib-mo5dj
    @Abdullahshoaib-mo5dj 9 หลายเดือนก่อน

    Asalam u alikum
    sir any videos for 2024 may/june intake??

    • @bkbilalkurd
      @bkbilalkurd  9 หลายเดือนก่อน +1

      Walikum as salam.
      I will be uploading them after eid

  • @warishathazib99
    @warishathazib99 9 หลายเดือนก่อน

    I have a question how many lines should i write when answering the answer to these marks 8,10,12,16,20
    Since i struggle with slow writing i often face with not being able to finish the answers in time

    • @bkbilalkurd
      @bkbilalkurd  9 หลายเดือนก่อน

      8 mark - 1 page
      12 mark - 1.5 page
      16 marks aren’t examined anymore.
      20 mark - 2.5-3 pages
      These are examiner suggested answering spaces

    • @warishathazib99
      @warishathazib99 9 หลายเดือนก่อน

      @@bkbilalkurd thank you so much

  • @sponsorgulf
    @sponsorgulf 9 หลายเดือนก่อน

    One way to achieve efficiency would be to introduce jit inventory control. Jit will help the business order goods just when they are needed for production, which decreases storage cost as there is less stock being held up as buffer in the business premises which would lead to decreased opportunity cost with the space available in the business, however this benefit is under the condition that the size of raw materials is large enough to cause a noticeable difference, if they are small commodities then I would judge that JIT's effects on efficiency would not be as noticeable, becuase the goods wouldn't take up much space in the first place, therefore in situations like these, JIT would not be the best solution at helping the business improve it's efficiency.
    Genuine attempt, my mock for business is in a few days, is this good enough?

  • @rameshshanmugam5058
    @rameshshanmugam5058 11 หลายเดือนก่อน

    Sir I’m writing A2 and can I write as level content points also and will I get mark for it?

    • @bkbilalkurd
      @bkbilalkurd  11 หลายเดือนก่อน +1

      Of course you can and you will be awarded

    • @rameshshanmugam5058
      @rameshshanmugam5058 11 หลายเดือนก่อน

      @@bkbilalkurd ok sir thanks👍

  • @hanahgade
    @hanahgade 7 หลายเดือนก่อน

    Case 1C
    JIT effectiveness will very much depend upon the supply chain management within the business😅 😅

  • @313ahmadyt5
    @313ahmadyt5 8 หลายเดือนก่อน

    Respected sir. Peace be upon you. Please respected sir I want to talk you about my study. Please

  • @bananaduck5521
    @bananaduck5521 ปีที่แล้ว +1

    Really saved me fo my paper 3 today especially the evaluation part

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว

      Glad to have been of assistance!

    • @bunnydagee9640
      @bunnydagee9640 ปีที่แล้ว +1

      Seriously😭
      I have paper 4 today and I’m rewatching this…it was really a huge help

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว

      @@bunnydagee9640 thank you so much for your feedback! Hope your paper went well! ☺️

  • @abdulfathah1403
    @abdulfathah1403 ปีที่แล้ว

    i love you.

  • @praveenboodhoo1851
    @praveenboodhoo1851 ปีที่แล้ว +1

    Case c
    Whether or not just in time will be effective will depend on certain external factors. Like for instance, a reliable supplier is very important so that whenever the business requires special equipment, raw materials and etc, the supplier should be able to deliver the required raw materials on time. Thus, this will strengthen the relational capital of the business with its supplier.

  • @mixingthebeats9011
    @mixingthebeats9011 3 หลายเดือนก่อน

    Sorry sir, I think I may need more examples

  • @user-xc6kz1rk3t
    @user-xc6kz1rk3t 9 หลายเดือนก่อน

    hello sir
    just wanted to reaffirm that the structure of our answers would go like:
    1)Advantages
    2)Disadvantages
    3)Evaluation
    or do we just like combine the disadvantages and evaluation?

    • @user-xc6kz1rk3t
      @user-xc6kz1rk3t 9 หลายเดือนก่อน

      also any predictions on what questions may come in the may/june 2024 series :)?

    • @bkbilalkurd
      @bkbilalkurd  9 หลายเดือนก่อน +1

      Hi. Please combine😊

    • @user-xc6kz1rk3t
      @user-xc6kz1rk3t 9 หลายเดือนก่อน

      @@bkbilalkurdokay thank you ☺️

  • @amenashahzad7298
    @amenashahzad7298 ปีที่แล้ว

    Case c it will depend on how efficient are the suppliers in supply raw metirials to the business

  • @zeyankhan5201
    @zeyankhan5201 ปีที่แล้ว +1

    case 2(A) conclusion: in my opinion, the product portfolio of an automobile manufacturer will be more effective in increasing market share rather than reducing prices because the eventual quality of the product is going to build the business' customerbase, the unique selling point of that particular car will give it an edge over its competitors, the location of the showroom will help determine monopoly and attraction of customer's according to location and ambience of the showroom's location. also, the promotional techniques used to market the car and the aftermarket services will eventually prove much more fruitful in increasing market share rather than just reducing prices.

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว

      In conclusion it would be desirable to pick one as most important and compare it with the other. Like show how ‘product’ is more important than ‘price’. You don’t need to mention the other elements.
      Like for example, if a car aimed at families does not have enough safety features, it is less likely to be bought despite lower prices. So product needs to be well built in this case.

    • @zeyankhan5201
      @zeyankhan5201 ปีที่แล้ว +1

      @@bkbilalkurd yess, now i understand. like if the build quality and functionality + brand image are not good/significant in terms of reliability then customers will go for other options despite the business charging low prices.

  • @zuhairshahzad6156
    @zuhairshahzad6156 9 หลายเดือนก่อน

    Hi , how can i contact you personally I need help

    • @bkbilalkurd
      @bkbilalkurd  9 หลายเดือนก่อน

      You may message me on instagram mentor.bk

  • @ShahabUddin-zy2fy
    @ShahabUddin-zy2fy ปีที่แล้ว

    This video was very helpful sir 💖

    • @bkbilalkurd
      @bkbilalkurd  ปีที่แล้ว +1

      Thank you very much ☺️