9609/21/M/J/22 · question 1 of 1 in this topic
Motorcycle Components (MC)
MC is a large public limited company that produces a range of components used by motorcycle manufacturers. The motorcycle component industry is very competitive and MC's customers expect high quality and a short lead time. MC operates a Just in Time (JIT) inventory control system.
Define the term 'lead time' (line 5).
Your answer
Suggested time: 3 min
Motorcycle Components (MC)
MC is a large public limited company that produces a range of components used by motorcycle manufacturers. MC's mission statement is 'to be the world leader in delivering quality motorcycle components to our customers'.
Explain the term 'mission statement' (line 2).
Explain Give reasons, not just what happens. Each distinct reason is usually worth a mark.
Your answer
Suggested time: 5 min
Motorcycle Components (MC)
Liquidity management is very important in the motorcycle component industry. The industry average for the acid test ratio is 1. A summary of some key data for MC has been prepared by the Finance Director, as shown in Table 2.1.
Refer to Table 2.1. Calculate MC's acid test ratio.
Calculate Show your working. The method can earn marks even when the final value is wrong, and a bare answer often cannot.
Your answer
Suggested time: 6 min
Motorcycle Components (MC)
Liquidity management is very important in the motorcycle component industry. The industry average for the acid test ratio is 1. A summary of some key data for MC has been prepared by the Finance Director.
Explain one reason why the acid test ratio is useful to MC's Finance Director.
Explain Give reasons, not just what happens. Each distinct reason is usually worth a mark.
Your answer
Suggested time: 3 min
Motorcycle Components (MC)
MC is a large public limited company that produces a range of components used by motorcycle manufacturers. The motorcycle component industry is very competitive and MC's customers expect high quality and a short lead time. MC operates a Just in Time (JIT) inventory control system. MC's good relationships with its suppliers ensure that JIT operates efficiently. The production workers at MC are highly skilled and the business benefits from a low labour turnover.
Analyse two benefits to MC of Just in Time (JIT) inventory control.
Your answer
Suggested time: 12 min
Motorcycle Components (MC)
MC is a large public limited company producing components for motorcycle manufacturers in a very competitive industry. The Operations Director, Jay, is proposing new capital expenditure of $4 million. Jay thinks that automation of the production process will have significant financial benefits for MC. He wishes to gain approval from the Board of Directors to implement a process innovation project. Jay believes that, with good communication and the involvement of employees, he can effectively manage the project.
Evaluate the possible impact on MC from introducing process innovation.
Your answer
Suggested time: 17 min
9609/21/M/J/22Cambridge International AS & A Level Business 9609 · May/June 2022 · Paper 2 variant 1 · sit the whole paper