My Big Fat Revision

Recruitment Recruitment is identifying the need for new employees, attracting the ‘best’ candidates for the job and then selecting the most suitable candidate in order to meet the staffing requirements of an organisation. Human resource planning Needs to be determined by the use of human resource planning techniques. Many organisations decide to fill vacancies without really considering if there are alternatives to recruitment. Good human management will consider alternatives; redeployment, increased overtime, temporary workers, new technology and outsourcing. Person specifications This provides the details of the ideal candidate by listing the desirable characteristics of that person. It is used to identify the criteria that should be used in short-listing and then in selecting the best candidate from those who apply for the position. Specifications should include: Skills, aptitude, knowledge and experience Qualifications Personal qualities relevant to the job e.g. work as part of a t...

Many car manufacturers are expected to respond to a fall in overall capacity utilisation in the industry by cutting prices. To what extent is cutting prices a good way for any business to respond to a fall in the overall capacity utilisation in its industry? Capacity utilisation is the percentage of total capacity that is actually achieved in a period of time. The extent to which cutting prices is a good way for a business to respond to a fall in capacity will depend on the price elasticity. This essay will look at whether it is good for all businesses or not. Cutting prices would lead to the product becoming more accessible. Reducing overall capacity utilisation means that the business will have higher costs as demand is lower; goods being sold will not have their revenue spread across the fixed costs. A Daihatsu car may work to combat this because a car is a luxury product and is price elastic, meaning that demand will change as the price does. A fall in selling price will mean...