Business 0450 · IGCSE · Analysis of accounts

Analysis of accounts — practice question

(a)[8]

Explain two benefits to TT of applying lean production methods.

(b)[12]

Drawing on Appendix 2 and the other information, consider TT’s financial position. Do you think TT is in a sound financial position to expand? Justify your answer using suitable calculations.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “JIT means components are bought only when needed, so less inventory has to be held and storage costs fall” …

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