Greggs Research Paper

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Surname For Examiner’s Use Other Names Centre Number Candidate Number General Certificate of Education Practice Exam Paper – Paper TUT-BUSS2-1 Advanced Subsidiary Examination BUSINESS STUDIES Unit 2 Managing a Business BUSS2 For this paper you must have:  A calculator Time allowed: 1 hour 30 minutes For Examiner’s Use Question Mark Question Mark 1 2 Instructions       Use blue or black ink or ball-point pen Fill in the boxes at the top of this page Answer all questions Answer the questions in the spaces provided Do all rough work in this book. Cross through any work that you do not want to be marked If you need additional space, you should continue your answers at the end of this book, indicating clearly…show more content…
However, net profit declined by 7% in 2008 due to substantial increases in the cost of food raw materials. Greggs decided not to pass these cost increases onto consumers since the demand for takeaway food is very sensitive to changes in price. The Greggs business has a divisional structure with central bakeries around the country each supplying the shops in their surrounding areas. The business employs around 19,000 people in a range of jobs, including shop staff, drivers, bakery staff, savoury production, finance, personnel, purchasing and IT. Complex retail IT systems help Greggs management monitor store and product performance, manage cash flows from the tills and deal directly with ingredient and other key suppliers. 10 One of the founding principles of Greggs is that the business put people first. Greggs are passionate in their belief that if the business treats its people correctly, they will treat customers with similar consideration. As well as giving staff an enjoyable place to work with good career prospects, Greggs also look to fairly reward all its employees. A number of pay schemes and fringe benefits are on
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