Business 7115 · O Level · Business and the international economy

Business and the international economy — practice question

(a)[8]

Identify two motivational theories and explain how TT could put these theories to work to raise worker motivation.

(b)[12]

TT ought to weigh the following three changes before deciding finally whether to begin exporting its products. Which change will matter most to the decision? Justify your answer. Appreciation in the exchange rate of country P’s currency. Increased economic growth in many developed economies. Increase in the import tariffs in many developed economies. Conclusion.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Taylor - scientific management approach, money is the chief motivator, pay linked to tasks completed so speed is promoted, specialisation would make best use of skills

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI