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Predictions for the Business Studies HSC exam? (6 Viewers)

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every teacher says a different thing but honestly you can just make it all up but just make sure it sounds somewhat realistic and its throughout the case study. if you have a strong cause, response and implications that links to the syllabus dot point and it sounds like it could be real then you'll be good. like for the implications part if it was on relationship marketing u could say this has enabled xyz to experience an 11% increase in repeat purchases which has assisted in achieving revenue of xyz in 2023, thereby achieving objectives of maximised sales revenue, market share and profit. something like that but obviously a bit more detailed
yea tbh this might just be the strat, bc realistically the markers r only going to spend a couple mins on each essay and there's no fking way they r checking the stats onlinee.
 

rev668

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so like make up a random case study then, "hence this improves sales/ worker satisfaction/ liquidity/ quality by 3.6%" ???
yeah just for alot of stuff (especially big companies) if you say market increase by 8% they are gonna know its bs, just keep it under 5% for the big ticket stuff, a small change is still change
 

Crismod

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guys how come in job design general is complex and specific is simple but in recruitment it has general and specific but the definitons are opposite
In job design general tasks are where the employee does the entire task, and specific is where they do a section of the task. For example, one employee may make a car from start to finish (general) while the other only fits the doors or smth (specific). General requires more skill while specific is like ur factory worker doing a task repeatedly. In recruitment, it refers to skills, general skills are those that can be applied to any job like communication and teamwork while specific would be those you need a degree or special training to acquire.
 

Crismod

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can someone pls explain exchange rates to me and how they influence import and export price. cs I was looking at it and if aud compared to USD goes from $1=$1 to USD$1 = AUD$0.5 would that be appreciation or depreciation? u could buy more USD with the aud but then when I did a questions w this logic it was wrong lol. someone help
 

idk123233

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alsoooo difference between outsourcing and contractors
guys how come in job design general is complex and specific is simple but in recruitment it has general and specific but the definitons are opposite
my brain just exploded
 

idk123233

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guys okay this might sound dumb but whats the diff between sourcing and outsouricng
 

jack_23

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guys okay this might sound dumb but whats the diff between sourcing and outsouricng
global sourcing is when business purchase supplies overseas without being constrained by location. so they might globally source from other countries to access cheaper materials or higher quality materials and a wider availability of inputs as some things might not be available domestically.

outsourcing is the use of external providers to perform business activities. so a business might outsource its operations/manufacturing process to countries with lower minimum wage rates to reduce costs. or they might outsource their HR function to a specialised hr company so that they can focus on the business's main operations instead of other functions
 

ManifestationIsKey

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everyones predicting finance and hr
Kinda cooked for that lol, but marketing could also be the essay since it was marketing and operations last year and hr and finance for report. So wouldn't it be a bit too obvious if they just swap the two around. So I think it will be:

Report = Operations and HR
Essay = Finance or Marketing (Choice)

That would be the ideal case. For me atleast
 

e8zks

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what are ur case studies fkr finance and marlktubg
just make it up, or use real life business and make it up, u can get at least 10/20 if u use rea life ones, and u just link to the question and make shit up
 

octavia2103

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hey guys i was watching the finance edrollo and it said something about PayPal allowing businesses to hold multiple currencies so they can make payments without conversion fees (since they are technically not converting the currency), would this be considered hedging since it is still minimising risks in exchange rate fluctuations?
 

idk123233

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Kinda cooked for that lol, but marketing could also be the essay since it was marketing and operations last year and hr and finance for report. So wouldn't it be a bit too obvious if they just swap the two around. So I think it will be:

Report = Operations and HR
Essay = Finance or Marketing (Choice)

That would be the ideal case. For me atleast
so ur studying finance and marketing for the essays, what do you reckon specifcally the essays r gonna be one processes, strategies or influences
 

e8zks

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so ur studying finance and marketing for the essays, what do you reckon specifcally the essays r gonna be one processes, strategies or influences
idk if it processes I'm screwed, influences I could perhaps wing, prefer strategies cause I think they are the most easy to wing
 

octavia2103

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can someone pls explain exchange rates to me and how they influence import and export price. cs I was looking at it and if aud compared to USD goes from $1=$1 to USD$1 = AUD$0.5 would that be appreciation or depreciation? u could buy more USD with the aud but then when I did a questions w this logic it was wrong lol. someone help
for your example, you should ensure both exchange rates are in the same format (eg AUD/USD or USD/AUD). If we convert it to USD/AUD (so we are comparing against one AUD) for both, that is $1.00USD/AUD to $0.5USD/AUD, which is a depreciation since instead of paying one AUD for one USD, you need to pay twice as much for the same amount of US dollars (eg $2AUD for one USD)

ok for exchange rates the currency can either appreciate or depreciate
if the currency appreciates it means it is more VALUABLE eg $0.65USD/AUD to $0.70USD/AUD, which means businesses can purchase more US dollars with the SAME amount of Australian dollars, which benefits australian businesses as they can pay less AUD

whereas for depreciation its the opposite - the AUD has become more weaker so to purchase the same amount of US dollars they need to spend MORE australian dollars, so US businesses are benefitted
 

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