AH is an insurance company. It operates within a highly competitive market. AH employs 1000 workers, including 50 supervisors. Those supervisors adopt an autocratic leadership style. AH currently has a 5% market share and is planning to acquire a competitor. The Managing Director is weighing up how to communicate the takeover to AH’s employees. There are many finance sources available to support business growth.
(a)[2]
Identify two duties carried out by supervisors.
(b)[2]
Identify two written communication methods.
(c)[4]
Outline two advantages to AH of taking over a competitor.
(d)[6]
Explain one advantage and one disadvantage to AH of its supervisors using an autocratic leadership style.
(e)[6]
Explain two sources of finance that could be used to support business growth. Which source of finance would be the best to use? Justify your answer.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Report back to managers/give managers feedback” …