Business organisation and strategies
1. The inventor invariably cannot find someone to fund the development of his product but the public company is able to raise all the capital it requires. Why is this so?
2. What are the main factors that would influence a Japanese car company in its choice of location for a new plant in Britain?
3. (i) List briefly the actions required to form a public limited company.
(ii) List the seven clauses of the Memorandum of Association and give a reason why clause 3 (purpose/objects of the company) exists.
4. Give examples of economies of scale that a company may acquire by merging with or taking over another company, for each of the following:
(i) oil company
(ii) clothing retail company
(iii) steel works.
5. (i) Describe briefly the departments that exist and any design that is performed in the industry in which you work.
OR
(ii) Describe briefly what management and other activities may be necessary for instigating the design of an industrial project (for example, building a new chemical storage tank) from inception to construction start.
6. State briefly what functions an Engineering Services Department in an industry may have.