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Describe how ‘stock control’ and ‘quality control’ achieve efficiencies in business.
Outline the benefits of teamwork for the employees in a business.
Pay As You Earn (PAYE), Value Added Tax (VAT), and Corporation Tax are examples of taxes relevant to a business. (i) Explain each tax underlined above. (ii) Evaluate the implications of each tax for a business.
(i) Illustrate your understanding of the term ‘risk management’. (ii) Describe three methods a manager might consider to minimise risk within a business.
