Bear Bears (BB) BB is a business partnership owned by Sade and Chika. BB produces personalised teddy bears (toys) for children. The toys are made using mass customisation targeted at specific market segments. Each toy has the same shape and size but it is customised with names and words provided by the customer. These are hand-stitched onto the toy and the employees are paid using 5 piece rate. Customers receive their products within a week of ordering. Each toy is sold for $$$\$ 50$$$ and has a unit contribution of $$$\$ 6$$$. Last month BB sold 4000 units with a margin of safety of 120 units. BB currently holds a large amount of inventory in a temperature-controlled warehouse (see Table 2.1). 10 15 Sade thinks that BB should adopt a just in time (JIT) approach to inventory management. However, Chika is concerned about the possible impact on BB. The stitching department is managed by Chika. She has recently received a complaint from David who is the only male employee in the stitching department (see Fig. 2.1). 20 25 After some further investigation, Chika believes there needs to be increased equality in the stitching department. Evaluate the most likely impact on BB of increased equality in its stitching department.

Business

IGCSE&ALevel

CAIE

Exam No：9609_w23_qp_22 Year：2023 Question No：2(d)

Answer:

Knowledge points:

2.1.1.1 the role of HRM in meeting organisational objectives

2.1.2.1 the reasons for and role of a workforce plan

2.1.2.2 measurement of labour turnover

2.1.2.3 the implications of high and low labour turnover for a business

2.1.3.1 recruitment of employees: process (job descriptions and person specifications) and recruitment methods (job advertisements, employment agencies, online recruitment)

2.1.3.2 internal and external recruitment

2.1.3.3 selection methods: curriculum vitae, résumé, application forms, interviews, references, testing, assessment centres

2.1.3.4 employment contracts

2.1.4.1 the difference between redundancy (voluntary and involuntary) and dismissal (fair, unfair)

2.1.5.1 the relationship between HRM, employee morale and welfare in a business including the concept of work- life balance

2.1.5.2 the impact of diversity and equality in the workplace on a business

2.1.6.1 different types of training: induction, on-the-job, off-the-job

2.1.6.2 the impact of training and development on a business

2.1.6.3 employee development to encourage intrapreneurship

2.1.6.4 employee development to encourage multi-skilling and flexibility

2.1.7.1 how cooperation between management and the workforce can be of benefit to both

2.1.7.2 the impact on employers and employees of trade union involvement in the workplace including their role in collective bargaining

2.2.1.1 the need to motivate employees to achieve the objectives of a business

2.2.2.1 a simple explanation of human need

2.2.2.2 how human needs may or may not be satisfied at work

2.2.3.1 the ideas of the main content theories (Taylor, Mayo, Maslow, Herzberg and McClelland) and process theory (Vroom)

2.2.4.1 the theories in practical situations

2.2.4.2 different payment methods: time based, salary, piece rates, commission, bonuses, profit sharing, performance-related pay, fringe benefits

2.2.4.3 different types of non-financial motivators: training, opportunities for promotion, development, status, job re-design, team working, empowerment, participation, job enrichment

2.2.4.4 ways in which employees can participate in the management and control of business activity

Answer:

Knowledge points:

Solution:

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