A Level P 1 Unit 4

Bahria Town School & College

Sessional Exam

Class: A-2 Subject: Business P-1

Name __________________ Section ___________ Date _________________

Maximum Marks 40 Time 1h15Mins

Section 1

Answer All Questions

1.
a) Define the term ‘Lead Time’. [2]
b) Briefly explain how a reduced Lead Time could increase the value of business. [3]
2.
a) Define the term ‘Process Innovation’. [2]
b) Briefly explain two ways a manufacturing business could use process innovation to
improve efficiency and effectiveness. [3]
3. Explain why efficiency is important to a manufacturing business. [5]
4.
a) Define the term ‘buffer inventory’. [2]
b) Briefly explain two reasons why an inventory of finished goods needs to be carefully
managed. [3]

Section 2
Answer One Question
5.
a) Explain how the effectiveness of the operations management function can be influenced
by the human resource management. [8]
b) Discuss how the actions of competitors could influence the operations management
decisions of a car manufacturer. [12]
6. Discuss the view that ‘Just in Time’ is the most effective way of managing the inventory of
business. [20]
7. Discuss the factors that a large manufacturing business should consider before relocating its
operations to another country. [20]

Worksheets by Asif Iqbal 03214454770