GAE is a multinational company. It manufactures steel. GAE has 2400 employees and has factories in 4 countries. The business regularly introduces new technology. Holding inventory is important. GAE's directors are planning to build a new factory and want to know how legal controls over location might affect this decision. The Managing Director said, 'The new factory will create many external benefits.' Outline two advantages to GAE of introducing new technology. Advantage 1: Advantage 2: .......................................................................................................................................
Exam No：0450_s25_qp_13 Year：2025 Question No：3(c)
Answer:
Award 1 mark for each relevant advantage (max 2).
Award 1 mark for each relevant reference to this business (max 2).
Points might include:
- Motivate employees [k] as have 2400 workers [app]
- Fewer employees needed [k] in the 4 countries [app]
- Increases productivity / efficiency / quicker (rate of) production [k] in its factories [app]
- Improved quality / consistent quality / less waste / fewer mistakes [k] when making steel [app]
- Increase output [k] for this multinational company [app]
- Can work \(24 / 7\) / no need to have breaks in production [k]
- Help design / make new products [k]
- Improved communication [k]
Other appropriate responses should be credited.
Award 1 mark for each relevant reference to this business (max 2).
Points might include:
- Motivate employees [k] as have 2400 workers [app]
- Fewer employees needed [k] in the 4 countries [app]
- Increases productivity / efficiency / quicker (rate of) production [k] in its factories [app]
- Improved quality / consistent quality / less waste / fewer mistakes [k] when making steel [app]
- Increase output [k] for this multinational company [app]
- Can work \(24 / 7\) / no need to have breaks in production [k]
- Help design / make new products [k]
- Improved communication [k]
Other appropriate responses should be credited.
Knowledge points:
4.1.1.1. Managing resources effectively to produce goods and services
4.1.1.2. Difference between production and productivity
4.1.1.3. Benefits of increasing efficiency and how to increase it, e.g. increasing productivity by automation and technology, improved labour skills
4.1.1.4. Why businesses hold inventories
4.1.1.5. The concept of lean production: how to achieve it, e.g. just-in-time inventory control and Kaizen; benefits of lean production
4.1.2.1. Features, benefits and limitations of job, batch and flow production
4.1.2.2. Recommend and justify an appropriate production method for a given situation
4.1.3. How technology has changed and is changing production methods, e.g. using computers in design and manufacturing
Solution:
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