kirstyanne-xx
Member
Two strategies for one financial issue...the two main issues were the high overdraft and high accounts receivables, strategies for improving each were financially based...
Yerp, which issue you choose? personally l choose high accounts receivable and did factoring and discounts.Two strategies for one financial issue...the two main issues were the high overdraft and high accounts receivables, strategies for improving each were financially based...
I was under the impression that the whole purpose of grievance was not to pursue legal action? and is implemented to provide a quick resolution mechanism within the business. Idunno lawl.Question 26
One ethical - Sugging, Legal - Misleading advertising
One Financial issue(high amount of accounts receivable/low account receivable turnover ratio)--> two strategies were Discount and factoring
Communication system to improve E.R -Grievance procedures (neg, med, conc, arb), team briefings, worker participation.
BOOM, hoping 15+/20.
Same hereYerp, which issue you choose? personally l choose high accounts receivable and did factoring and discounts.
Anyone??Hey i asked them before but no one replied.
Can someone tell me if everything i spoke about for Q26 was right?
First part - price discrimination and implied conditions
second part - I said the issue was the working captial - talked about liquidity and my strategies were factoring and sale and lease back
third part - spoke about the impact of grievance procedures, worker participation and team briefing
yea same i said stuff about measuring effectiveness of communications systems, just to show off a bit...hahaWhen it asked for communication systems...I talked about improving absenteeism as a measure of effectiveness under the implementation of communication systems. Financial aspect I did accounts receivable with discounts for early payments and cash sales.
yea bro i focused on how sales didnt change, "static sales performance" were the words i used...sick cunt (Y)Marketing: Deceptive/Misleading Adv and Implied conditions
Financial: I focused on the fact that sales didn't change. Strategies: managing current assets (cash to be liquid, acc receivables are fine, just ensure turnover is good, inventory control) and cash flow strategy (lump sum paying or distribution of payments). I know managing current assets is NOT a strategy per se under the syllabus, but wouldn't managing current assets to ensure liquidity be a strategy? The way I mentioned it sounded like a strategy
ER: Grievance procedures, Team briefings/Workers participation (Combined them) - they would allow employee empowerment, lower turnover and absenteeism
Wrote 7 pages but worried I kerfufled a bit in the middle and rushed ER (but still mentioned all that stuff about turnover).
The dot point for these is dispute resolution processes not communication systems.Question 26
One ethical - Sugging, Legal - Misleading advertising
One Financial issue(high amount of accounts receivable/low account receivable turnover ratio)--> two strategies were Discount and factoring
Communication system to improve E.R -Grievance procedures (neg, med, conc, arb), team briefings, worker participation.
BOOM, hoping 15+/20.
Static sales, stagnant sales - shoved those words in everywhere just to reinforce my strategy suggestionsyea bro i focused on how sales didnt change, "static sales performance" were the words i used...sick cunt (Y)
I think the other parts were right, I'm not sure about the second... I don't know what you mean by liquidity, I talked about efficiency (using the acc. rec. turnover ratio)... and strategies such as incentives for payment, facoring etcAnyone??
I talked about liquidity- Overdraft & Accounts receivable increased dramatically in the second year, which means liquidity is much poorer. Strategies were factoring, sale and lease back.I think the other parts were right, I'm not sure about the second... I don't know what you mean by liquidity, I talked about efficiency (using the acc. rec. turnover ratio)... and strategies such as incentives for payment, facoring etc
By liquidity i meant the working captial ratio. Like i said that factoring can be used to sell off the high levels of accounts revieables which could improve the current assets the current liabilities ratio. Then sale and lease back i said they may be able to sell of assets to be able to pay off the overdraft which again improves the working captial of the business and its liqduity.I think the other parts were right, I'm not sure about the second... I don't know what you mean by liquidity, I talked about efficiency (using the acc. rec. turnover ratio)... and strategies such as incentives for payment, facoring etc
is it right what we said?I talked about liquidity- Overdraft & Accounts receivable increased dramatically in the second year, which means liquidity is much poorer. Strategies were factoring, sale and lease back.
Thanks heaps by other parts i spoke about implied conditions and price maintence (part 1) and worker participation, greivance procedures and team briefing (part 3). I'm hoping for the best.Yes you were in correct in saying this. The two major issues you could have talked about was liquidity and efficiency, but liquidity would have been the easiest and most to talk about. If linked with stimulus information well and your other parts are good, you should be aiming for an 18/20.