Business Studies HSC practice questions

Describe the difference between penetration pricing and skimming pricing, and give one situation where each would be appropriate.

Analyse how the adoption of automation and the implementation of a total quality management (TQM) approach could transform the operations of a furniture manufacturing business. Include discussion of potential benefits and challenges.

Calculate the net cash flow for a month given the following data: cash sales $50,000, credit sales collected $30,000, cash purchases $20,000, operating expenses $15,000, loan repayment $5,000.

Explain two potential risks associated with relying on a single overseas supplier and suggest one mitigation strategy for each risk.

A company has fixed costs of $120,000, a variable cost of $15 per unit and a selling price of $25 per unit. (a) Calculate the break‑even point in units. (b) Discuss two limitations of break‑even analysis when used for decision making.

Discuss the components of an effective performance management system and evaluate how it can improve employee motivation in a mid‑size tech company.

Explain two ways a manufacturing firm can implement lean production to reduce waste.

Identify three demographic variables that a retailer could use to segment its market and give one example of a product that would appeal to each segment.

List two advantages of using social media platforms for recruitment.

Design a digital marketing campaign for a new health drink targeting young adults. Outline the key elements – objectives, target audience, channels, content, and metrics – and justify how each element supports the overall campaign goal.