By Tony Graham
CIMA examination perform Kits consolidate studying via delivering an intensive financial institution of perform questions. each one answer offers a detailed research of the proper solution and highlights why the choices are unsuitable. CIMA examination perform Kits are perfect for scholars learning independently or attending a tutored revision direction. It supplementations the legit CIMA examine platforms and CIMA Revision playing cards with a wealth of extra questions and fabric centred in simple terms on utilizing what has been learnt to passing the examination. CIMA examination perform Kits support scholars organize with self assurance for examination day, and to move the hot syllabus first time. * is helping CIMA scholars to organize and move the recent syllabus first time * perform using and showing wisdom so CIMA examiners can award you marks * presents labored solutions to totally clarify the proper solution, and research of wrong solutions - supporting CIMA scholars steer clear of universal pitfalls
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Extra resources for CIMA Exam Practice Kit: Business Strategy (CIMA Exam Practice Kit) (Cima Exam Practice Kit)
Efficiency Having put in place measures and targets for input resources and the service provided, the advisory service needs to monitor the service in terms of the resources used, by looking at the service per unit of resource. This could look at the number of people helped per staff member or the average cost per appointment or the percentage of time spent by staff on front line, as opposed to support and services. Finally, demonstrating that the managers are looking to identify, set benchmarks and measure performance in these areas will help to answer some of their critics.
If they are plentiful and competitive it will enable cheap and effective production of products. Competitive rivalry in the local market will encourage innovation and cost reduction amongst competitors. Using Porter’s Diamond Porter’s Diamond can be used to assess the organisation’s likely competitiveness in foreign markets. The company is likely to be competitive where the four factors are significant in the home market and are not present in the target market. It can also be used to assess the likely threat from overseas competition.
13 marks) (Total ؍25 marks) ✔ Answers Question 1 Clothing company (a) Environmental factors The environment in which the company operates could be quite different in the other country from that in the UK. The various factors can be looked at under the following factors: Political and legal The stability of the government, the current and prospective laws will have a significant impact on the company’s operations. These could be very different from the UK and need to be researched, as does the extent of government interference in the markets.