underutilisation -> low number of actual output relative to maximum output (given resources -> factory size, machine, tech products, labour etc.) -> cost of production is spread over fewer units -> cost per unit is higher -> prices are set higher (less competitive) -> lowering in demand -> selling unused assets/leasing (lowering maximum capacity) -> reduce/increasing pricing (depending on elasticity of product)/promotional techniques -> increase sales revenue -> profit can be retained to fund the usage of (currently unused) equipment (increasing actual capacity) -> make staff redundant (lower maximum capacity) -> redeployment of staff -> staff which is idle can be redirected to work in a department which needs attention. (increasing actual capacity) -> reducing size of the workforce (closing outlets etc.) -> rationalisation (lowering maximum capacity)
@cameliamartin77246 жыл бұрын
Thank you so much for all of your videos, i really wish your channel got more support, you're a life saver - you explain things so well and most importantly EVALUATE them rather than just state what they are. What a lad! ;p
@TakingTheBiz6 жыл бұрын
Top comment! Thank you for taking the time to leave such positive feedback
@orangeandtealstudios6 жыл бұрын
I'm writing my A Level Business Paper 3 tomorrow, and I really really want to thank you for all these amazing, informative and interesting videos on key Business topics. Considering that there are hardly any resources on the internet, this has certainly helped me!
@TakingTheBiz6 жыл бұрын
What a great comment! Thanks for watching and good luck in your exam tomorrow!
@tinoepikayi57404 жыл бұрын
Did you pass?
@orangeandtealstudios4 жыл бұрын
@@tinoepikayi5740 Got an A* mate ;)
@Adam-hf7hn4 жыл бұрын
These videos are great. I don't know how you do the video without even looking at the board, yet you say exactly what is on it!! Incredible effort and dedication. I am sure one video may take many attempts. Thank you.
@rosexx48693 жыл бұрын
An absolute life saver, don’t know what I would do without these videos!
@idcimacoolgirl10 ай бұрын
the best a levels business teacher, helping with my revision for feb march :)
@nishanthsivan80335 жыл бұрын
The videos you make are very useful and I thank TakingTheBiz for this... I'm having my paper 3 may/june 2020 and I'm very well with these videos
@adnanabudaqen5475 жыл бұрын
just wanted to say i really appreciate all of these videos you make compared to other business youtubers since your videos arent boring in the way you present them compared to other business youtubers. keep up the good work boss. as well as this id like to ask a question as to if you will be covering second year A level business topics since im still in my first year at college?
@TakingTheBiz5 жыл бұрын
Thank you for such a positive comment. There are already lots of Year 2 videos available on the channel with more to come.
@hazza31836 жыл бұрын
most perfect timing ever
@sabrinacheam16313 жыл бұрын
Helps with last-minute revision, thanks.
@laibahassan78196 жыл бұрын
What you do sir, is awesome. Thanks so much for your contribution. Can there be a separate video on lean production? That would be great
@aaishaajmal51416 жыл бұрын
Best explanation! Love your videos!
@patdixon13923 жыл бұрын
ur taking the absolute biz mate
@GabrielHeffy Жыл бұрын
brilliant video buddy
@kin87766 жыл бұрын
Thankyou very much for this video i really am thankful for it,But i have one question if a topic appears on one paper does this rule it out of being on other papers for that same year?
@TakingTheBiz6 жыл бұрын
Sort of. If The ROCE calculation appears on paper 1, it's highly unlikely to also be on one of the other papers. However, there might be questions on other ratios, such as liquidity ratios (which are part of the same topic) on the other papers. So the same topic area might appear on more than one paper, but the exact concept the question is on is probably only going to be questioned once. Hope that makes sense!
@kin87766 жыл бұрын
Thankyou for you're reply will more videos be coming out during the run in to exams such as hackman and oldhams model and strategic drift?
@Michael-qw3kr6 жыл бұрын
Hi can u please make videos on the international markets topic
@sonalpunchihewa92736 жыл бұрын
Thank you very much for making this vid. I owe u alot!!
@TakingTheBiz6 жыл бұрын
I hope it helps! Thank you for taking the time to leave a comment
@sonalpunchihewa92736 жыл бұрын
Can you make a vid on the design mix and how products are designed using the design mix. It would be really helpful for me
@hussainwadud76 жыл бұрын
Hi your channel looks really good. But are you tailored to any specific exam board?
@TakingTheBiz6 жыл бұрын
Not really. Most of the videos are suitable for AQA, Edexcel and OCR. Some of the theories are only on certain specifications, so make sure you check what theories are on the board you are studying. You might find some of the exam skills videos are only specific to AQA though.
@hussainwadud76 жыл бұрын
TakingTheBiz oh okay. Thanks :)
@briannahenry60386 жыл бұрын
Could you make a video on e- commerce, market research and business models
@jamesmcallen40646 жыл бұрын
Could you please cover the "Bartlett and Ghoshal's international strategies"/model??
@TakingTheBiz6 жыл бұрын
Coming soon
@jamesmcallen40646 жыл бұрын
Much appreciated, you're videos are very helpful. Keep up the good work sir!
@harisrahman28693 жыл бұрын
what's ur gov name
@smilekajo6 жыл бұрын
Can you do a video on Profit margin ratios and inventory turnover ratios? thanks :)
@ceridavies95116 жыл бұрын
Hi !! Could you do a video on market capitalisation/market share please ?? :)