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Business Studies (Stock Control (Labour productivity=Output/employees,…
Business Studies
Stock Control
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Advantages of buffer stock-Can meet unexpected changes in demand
-Not reliant on supplier
-No lead time
-Can be expensive-e.g pay for insurance
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Production
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Job production-When items are made individually and each item is finished before starting another one
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Inflation
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Change in competitiveness-If UK goods become more competitive this will lead to an increase in demand for the £
Disadvantages of inflation-Menu costs-Business will have to change advertisements and menus as their prices may change with inflation
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