Section I - Multiple Choice (3 Viewers)
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Wouldn't choosing Determing Levels of Staff Turnover be both effective for employers and employees due to employers knowing what industrial action the employees are doing and thus trying to fix it, which will benefit the employees. I can see what you mean Brennyd, as share options DOES seem like a Reward, but they do cost the employers money. It's a pretty confusing question.
theanswerisA
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Ok for the two controversial questions...
Question 1 is clearly A,
This is because firstly a Niche market is a specialised product of a mass market, for example a business who sells milk to 15-20 year olds is a consumer market, but businesses who sell Omega 3 milk to 15 - 20 year olds is a niche.
Take this concept with the jewelry.... if the question was something along the lines of "a business sells ear-rings to women aged 15-20" then yes the answer would be niche, however it states jewelry in general which covers a wide range of products and thus is not specialised even though it is selling to a segment of people and therefore is not a niche.
The question on the effective ER for employers and employees is C, because offering a share package will achieve effective ER for the employer as it is a reward which is an effective ER strategy, causing increased employee motivation, thus reducing staff turnover, absenteeism and increasing the quality of goods produced. Furthermore it is an effective ER strategy for employees as it acts as a motivator for them, thus keeping them in the business and improving their efficiency.
boom.
Question 1 is clearly A,
This is because firstly a Niche market is a specialised product of a mass market, for example a business who sells milk to 15-20 year olds is a consumer market, but businesses who sell Omega 3 milk to 15 - 20 year olds is a niche.
Take this concept with the jewelry.... if the question was something along the lines of "a business sells ear-rings to women aged 15-20" then yes the answer would be niche, however it states jewelry in general which covers a wide range of products and thus is not specialised even though it is selling to a segment of people and therefore is not a niche.
The question on the effective ER for employers and employees is C, because offering a share package will achieve effective ER for the employer as it is a reward which is an effective ER strategy, causing increased employee motivation, thus reducing staff turnover, absenteeism and increasing the quality of goods produced. Furthermore it is an effective ER strategy for employees as it acts as a motivator for them, thus keeping them in the business and improving their efficiency.
boom.
yes but the whole trick of the question is that share options would never be offered to employees, if you research CEO salary's you would see a large proportion is made up in share options. Employees would be GIVEN shares as a financial reward, they would not be OFFERED share options. Hence B is the correct answer. "Boom".
The major reason why this is my conclusion is that the rest of the questions were stupidly easy, if you look on the BOS site it will show you in the years which questions the least students got right. This will be one of those.
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alina yousif
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Re: Business Studies Section I: Multiple Choice
process of elimination: a,b and c are all UNETHICAL.. and if there all unethical the answer is obviously d. no questions asked
alina yousif
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omg why is everyone so worked up about question 1.. okay let's think logically.. its QUESTION BLOODY ONE so technically it's supposed to be a band1 or 2 question. Because there's a specific age added it's niche. ENOUGH SAID. why would they put question one i repeat ONEEEEEE and make it hard to determine? seriously stop getting technically with poor question one and just face the fact that its niche. enough said. If the age wasn't there then fair enough id put consumer but sorry to whoever put consumer because there is clearly an age group provided.
haven't you guys seriously considered the fact that question one is never realy hard to determine?
haven't you guys seriously considered the fact that question one is never realy hard to determine?
Michaelmoo
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This argument is still going? LOL.
Listen, how about we just wait till next February. Then we can all rest at ease. As for above^^. Don't ever assume the paper layout is the same as past year HSCs. This year, if any, has proven this isn't the case.
theanswerisA
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your an idiot how can you possibly base past paper trends on the 2009 paper, usually they make the the latter questions harder so did you ever stop to think they could have done it to question 1 to throw people off.
Also JAM91 your argument about the employment relations question is ridiculous. You claim that you have to GIVE employees share options and not OFFER them as the question stated. So you tell me how MEASURING levels of turnover is going to achieve effective employment relations for an employee? MEASURING staff turnover will just give you a statistic, it won't make you achieve effective employment relations unless you actually implement strategies depending on your the result to reduce levels of staff turnover ie. offering share packages.
Michaelmoo
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Who are you btw? And why are you hiding behind a fake username?
no my argument is that no employer would give employees share options, and if you checked your syllabus you would see one of the headings under effective employment relations is "measures of effectiveness". I'll agree one of the headings is rewards however any book you look at will say shares as a reward not share options (two completely different things).Just FYI a share OPTION means not just shares in the business it means that when the employee retires/quits that they have the option to receive the money that the share was worth when the employer issued it to them or the current market price. This means the employee will not receive the reward until they LEAVE THE BUSINESS. It also means that the business has to pay the employee money when they are leaving the business.
alina yousif
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You read my mind.
No, it's not. A business has a control over what their product market they will choose. A business can target milk to 15-20 year olds based on demographics that they will drink it and that there is a strong demand in the market for 15-20 year olds wanting milk.
Bang.
What do you think ratios are? A statistic. How do you measure if good liquidity, solvency, profitiability, ROE and efficiency? By using statistics.
Ah you're so great! Going through this whole thread you are the only person who is consistently logical and understands that spelling and grammar will significantly influence how seriously you're taken.
My super-experienced-HSC-marking business teacher reckons it's niche. He knows more about business than half the people on this thread combined.
obviously he is super experienced at getting the wrong answer. it is consumer. there is nothing NICHE about jewlerry. 15-20 was put there to throw you off. How is jewlerry differentiated from other jewlerry? No theres no difference. Now lets say a FERRARI which costs $350,000, there is distinct qualities of the product that makes rich 50-60 yr olds be targeted, now that is a niche market. geez see these are the marks that will separate ppl with no common sense to ppl with common sense. THERE HAS TO BE SOMETHING ABOUT THE PRODUCT TO MAKE IT AIMED AT NICHE! tsk i pity the fools.
Ferrari is niche, there's no doubt about that. However, thank you for supporting my argument by saying rich 50-60 year old's are targeted because those exact same features were evident in the question of 15-20 year olds, except, there is no income available, which of course is common sense as there is what <1% of global population of rich 15-20 year olds.
A magazine is targeted at car enthusiasts, that's a niche.
A magazine is targeted at children, that's a niche.
Expensive jewelry is targeted at high income earners, that's a niche.
Cheap jewelry is targeted at low income earners, that's a niche.
Jewelry is targeted at 15-20 year olds, that's a niche.
Thanks, Liz91.
You are completely stupid if you say that we're thrown off by the fact that it is 15-20 year olds because you are the one who is stupid for thinking about the product as a whole rather than as the statement asks "what market it is aimed at". If it said "what type of market is jewelerry in" the answer would be consumer, but the question asks "what market are they targeting" which has nothing to do with the tangible qualities of the product it is all about who they are aiming there marketing at, therefore a consumer market would mean they are doing an marketing plan that is aimed at anyone, but they are specifically targeting a group- hence the answer is niche.