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PDL set an overall training budget of £30 000 and allocated £9 000 for this year’s team building day. Recommend whether they should spend £9 000 on the team building day again next year. Give reasons for your answer.

(PART OF THE QUESTION):Park Designs Ltd (PDL) is a family business that makes high quality wooden furniture to order. The Park family owns all the shares. As part of its commitment to training, PDL run an an...
ZK
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What is a SWOT Analysis ?

A SWOT Analysis is a framework used to analyse a business, its resources and the external and internal environment. SWOT stands for Strengths , Weaknesses , (this relates to the internal environment of a bus...
RA
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Explain one way in which Five Guys could achieve economies of scale

When approaching all exam questions, a good way of picking up easy marks is to try and define any key terms given in the question. So here I would firstly define economies of scale. Economies of scale occur ...
TD
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Explain one benefit of providing induction training for employees (3 marks).

Induction training enables new recruits to learn the business procedures their organisation follows, meaning they will be less likely to make mistakes and become productive employees as quickly as possible.
LW
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State and explain two factors in porters five forces framework

Porter’s five forces framework assesses market competitiveness and profitability. The five factors included in porters five forces are threat of new entrants, bargaining power of suppliers, bargaining power ...
ED
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