Never have I bullshitted so much for a question. Q25 Section 3, my school decided to change the 'recommend a human resource strategy', to 'recommend an operations strategy to fix legal and ethical issues', and I had sat there for 5 minutes thinking this made no sense coz there was no strategy to recommend for this business. You can't just change a fucking word and expect it to work...
As long as you name-dropped operation strategies (from the syllabus) and somehow linked them to the CSR dotpoint (and the sub-dotpoints underneath it) in operation influences, I think you'll be fine.
You got given formulas? I didn't know strategies to improve efficiency cause I didn't study back end of finance lol
Maths tho #rekt
I'd think about the efficiency ratios:
Expense ratio - so we want strategies that affect (i.e. either decrease or increase for the better) expenses or sales.
A/R turnover ratio - so we want strategies that affect sales or A/R.
For example, working capital management strategies - control of current assets (receivables) can improve A/R turnover and thus, efficiency.
For example, profitability management strategies - cost controls (expense minimisation) can affect the expense ratio and thus, efficiency.
Definitely not an easy finance question, especially in exam conditions.
idk it was something about consumer laws and how they affect marketing strategies.
Doesn't sound like a bad question.
Can link deceptive and misleading advertising with promotional strategies.
Link price discrimination with pricing strategies.
Link warranties with product strategies (the idea of faulty products perhaps).
And so on.