Knowledge 2, Application 2, Analysis 2
Knowledge
Up to 2 marks for defining employees as an asset, e.g.
- Employers recognise the input of employees (1) as an important
business resource (1)
OR
For providing two advantages of treating employees as an asset,
e.g.:
Application
Up to 2 marks for answers contextualised to Nando's, e.g.:
- The employees who work as a buddy at Nando's will feel more
valued (1)
Analysis
Up to 2 marks for reasons/causes/consequences for Nando's of
treating employees as an asset, e.g.:
- This will provide a feeling of involvement in the workforce and
may make the employees more productive, leading to a high
level of customer service in the restaurants (1)
- This should provide employee loyalty to the business and help
Nando's reduce employee turnover and minimise recruitment
and training costs (1)
Question
Discuss the advantages to a business, such as Nando's, of using psychological pricing.
Indicative content