Business studies homework
1. Define the terms Motivation and Job satisfaction.
Motivation:
This is the will to work due to the enjoyment of the job itself.
Job satisfaction:
The degree to which the employee fells happy and satisfied with his or her role within the organisation they work.
2. Financial incentive:
• Raise
• Bonus
• Pension
Non – Financial incentive
• Holiday
• Company car
• Health insurance
3. Why should you do well in your GCSE exams (business std)?
There are four elements common to all business and these form the basis of Business Studies. All firms have to persuade the public to buy their products which involves them in MARKETING e.g. advertising and other forms of promotion. Firms have employees and so must concern themselves with PERSONNEL issues such as recruitment, training and income and expenditure which involves ACCOUNTING. Firms are involved in some form of PRODUCTION and so we study where they locate and their method of production. Finally, you look at how businesses influence and are influenced by external factors such as the social, legal and economic environment in which they exist.
These are some of the great things you will learn in the GCSE. If you achieve the highest grade possible, you can be working for a large organization or even start high sh ...