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4. Operations

Quick questions on Working with suppliers - OCR GCSE Business

2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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State two factors a business should consider when choosing a supplier. [2 marks]
What is q2?
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A firm holds 30,00030{,}000 of stock and holding costs are 10%10\% of its value a year. Calculate the annual holding cost. [2 marks]

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