Which of the following can be an advantage of upskilling staff by offering an apprenticeship for a business that has a skills shortage?YOUR ANSWERYour AnswerThe existing worker becomes more skilled and is head hunted by a competitor.Staff who miss out on the training leave to find a business who will train them.A decrease in productivity in the workplace.The worker remains loyal and stays with the business.QUESTION 8 ANSWERED: 6All the following are reasons why a business might be less financially viable, except:YOUR ANSWERYour Answerthe business has a reputation for bad service with few repeat sales.a fall in demand for the good or service sold.another business sets up nearby that results in fewer sales made.positive cash flows and low staff turnover.QUESTION 9 ANSWERED: 6A major benefit of having markets in overseas countries for a business is:YOUR ANSWERYour Answerthe opportunity for its customers to buy the product when travelling overseas.an additional revenue stream.it keeps costs down.the increase in the costs of productionQUESTION 10 ANSWERED: 6Outsourcing staff is:YOUR ANSWERYour Answerthe only way a business can solve a skills shortage.a way a business can get the skilled staff they need while lowering its costs.is a must for every single business.is a must for every single business.Question 7 of 10
Question
Which of the following can be an advantage of upskilling staff by offering an apprenticeship for a business that has a skills shortage?YOUR ANSWERYour AnswerThe existing worker becomes more skilled and is head hunted by a competitor.Staff who miss out on the training leave to find a business who will train them.A decrease in productivity in the workplace.The worker remains loyal and stays with the business.QUESTION 8 ANSWERED: 6All the following are reasons why a business might be less financially viable, except:YOUR ANSWERYour Answerthe business has a reputation for bad service with few repeat sales.a fall in demand for the good or service sold.another business sets up nearby that results in fewer sales made.positive cash flows and low staff turnover.QUESTION 9 ANSWERED: 6A major benefit of having markets in overseas countries for a business is:YOUR ANSWERYour Answerthe opportunity for its customers to buy the product when travelling overseas.an additional revenue stream.it keeps costs down.the increase in the costs of productionQUESTION 10 ANSWERED: 6Outsourcing staff is:YOUR ANSWERYour Answerthe only way a business can solve a skills shortage.a way a business can get the skilled staff they need while lowering its costs.is a must for every single business.is a must for every single business.Question 7 of 10
Solution
The advantage of upskilling staff by offering an apprenticeship for a business that has a skills shortage is that the worker remains loyal and stays with the business. This is because the worker feels valued and invested in, which can increase their job satisfaction and loyalty to the company.
The reason why a business might be less financially viable, except for positive cash flows and low staff turnover, is because these factors indicate a healthy and stable business. A reputation for bad service, a fall in demand, or increased competition can all negatively impact a business's financial viability.
A major benefit of having markets in overseas countries for a business is that it provides an additional revenue stream. This can help diversify the business's income, reducing the risk if one market struggles.
Outsourcing staff is a way a business can get the skilled staff they need while lowering its costs. It allows a business to access a larger talent pool and can be more cost-effective than hiring and training staff in-house.
Similar Questions
A possible benefit of high labour turnover for a business is:YOUR ANSWERYour Answerthe time and cost to train new staff.the cost of recruiting new staff.decreased productivity as new staff adjust slowly to new ways of doing things.new employees bring new ideas and ways to solve problems in the workplace.
A likely negative consequence of a skills shortage for a business is:YOUR ANSWERYour Answerexisting staff have fewer tasks to complete.a decrease in workplace accidents because staff are not as tired.the workload of staff is reduced.a delay in orders going out.
Outsourcing staff is:YOUR ANSWERYour Answerthe only way a business can solve a skills shortage.a way a business can get the skilled staff they need while lowering its costs.is a must for every single business.is a must for every single business.
A possible benefit of high labour turnover for a business is:
What would be a disadvantage of specialisation for a worker?A a low price of the product that they makeB boredom due to repetition of the same taskC higher quality of the goodD the opportunity to undertake training
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