Section II - Short Answer (2 Viewers)

[Rafy]

What did you think of this section?

 

[WorryWartCob]

What is the net profit ratio!

 

[TomTom123]

net profit ratio

didnt they ask for gross?

!!!!!

 

[booshbanditxx]

yeah, they asked for gross!

gross profit/sales revenue x 100

 

[TomTom123]

yeah, they asked for gross!

gross profit/sales revenue x 100

75% =)

 

[kirstyanne-xx]

Wasn't it gross profit ratio?

 

[WorryWartCob]

I was just being a smart ass. Lol

 

[jung1239]

Wasn't it gross profit ratio?

It said gross profit ratio.. Does that mean 0.75:1 is the only answer and 75% is wrong?

I put down both.

 

[Kelsey2]

F*CK i wrote 7.5 FML

 

[friend177]

It said gross profit ratio.. Does that mean 0.75:1 is the only answer and 75% is wrong?

I put down both.

It's 75%, well text book says to x100 so yeah lol

 

[Chloe238]

It said gross profit ratio.. Does that mean 0.75:1 is the only answer and 75% is wrong?

I put down both.

i think you can put down both, I did anyways, because either way you have the correct answer

 

[Skriker]

What did you guys write for the question on one cost control and revenue control??

 

[Skriker]

F*CK i wrote 7.5 FML

dw about it mate

 

[XRJ]

What did you guys write for the question on one cost control and revenue control??

Cost control: Expense minimisation (analyse all expenses, search for costs to cut, that sorta thing)
Revenue control: Sales Mix (find products not selling well and get rid of them, find successful products and push them in marketing)

 

[Skriker]

Cost control: Expense minimisation (analyse all expenses, search for costs to cut, that sorta thing)
Revenue control: Sales Mix (find products not selling well and get rid of them, find successful products and push them in marketing)

Ohh right, I just said by using a budget as a cost control and using pricing prolicies (eg short term pricing strategies and long term pricing strategies
as a revenue control I used using budgets too ensure that the business does not go over their expenditures etc

hoping im right!

 

[michaeljennings]

Ohh right, I just said by using a budget as a cost control and using pricing prolicies (eg short term pricing strategies and long term pricing strategies
as a revenue control I used using budgets too ensure that the business does not go over their expenditures etc

hoping im right!

They syllabus dotpoints are:
Cost control: Expense minimisation, Cost centres, Fixed and variable costs
Revenue control: Pricing policy, sales mix and sales objectives.
I think you have to use those exact terms

 

[krnofdrg]

But it says a ratio lol. So yeah i think both would be acceptable.

 

[Skriker]

They syllabus dotpoints are:
Cost control: Expense minimisation, Cost centres, Fixed and variable costs
Revenue control: Pricing policy, sales mix and sales objectives.
I think you have to use those exact terms

omg yay! <3

 

[Skriker]

Hey just wondering, I put down discrimination as a cause for industrial conflict?? could this be correct?? or would it still be under ethical issues? and would i get it wrong? :O

 

[isenseven]

What did you guys do for the second question that went along the lines of "Using an example, explain how a manager could handle industrial conflict" 4 Marks
If i decribed the decisional role and then gave examples how this would reduce industrial conflict would this be ok?