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Work-Life-Balance (WLB) Furniture is a manufacturer of furniture that enables a room in the home to be easily converted into a workspace. With changes in flexible working conditions that make it easier for workers to work from home, demand for furniture that can be used in a home office has rapidly increased. WLB Furniture’s main product line is a workstation (desk) that can be assembled and disassembled, and easily stored under a sofa or bed, reducing clutter in living spaces. The workstations can be customised to suit different requirements, allowing for increased functionality, comfort, and productivity for the users. The wood for these desks is sourced from environmentally friendly and sustainable forestry companies, and is considered a durable material that will give the desks a long lifetime. WLB Furniture pays its employees the living wage, as opposed to the minimum wage.
You may choose EITHER WLB Furniture OR a large business (more than 20 employees and/or with a national or regional significance) that you have studied in depth.
Why is paying the living wage as opposed to the minimum wage considered ethical?
Explain, with TWO examples, how operating ethically could impact business profitability.
With the rise of businesses using social networking sites like Facebook, Twitter, and Instagram to access and target customers, WLB Furniture has focused its advertising resources on the use of these sites to reach potential new customers.
You may choose EITHER WLB Furniture OR a large business (more than 20 employees and/or with a national or regional significance) that you have studied in depth.
Discuss how the use of social networking tools could impact future business success.
Why could the use of social networking sites be an advantage to a business, and how might it impact the business in the future?
Why could the use of social networking sites be a disadvantage to a business, and how might it impact the business in the future?
Justify, with TWO reasons, whether the use of social networking sites will have a positive impact on the long-term economic sustainability of the business.
WLB Furniture’s factory has been operating late at night to meet increased customer demand. The noise from production has been keeping its residential neighbours awake, leading to complaints to the local council over breaches of the Resource Management Act. The council has told WLB Furniture to reduce the noise or stop operating in the evening.
You may choose EITHER WLB Furniture OR a large business (more than 20 employees and/or with a national or regional significance) that you have studied in depth.
Why is it important for businesses to comply with the Resource Management Act when operating as a business?
With reference to TWO specific functions of the business, such as marketing, sales, production, and / or human resources, how might the requirement to comply with the Resource Management Act impact the short-term profitability of the business?
Government policies and decisions regularly affect businesses. Specific examples of government policies include:
In the box below, enter the details of a large business (more than 20 employees and/or having a national or regional significance) that you have studied in depth. Do not use WLB Furniture.
Using ONE of the government policies provided in the resource above, discuss how a change in government policy might affect your named business.
Name of the large business, AND good(s) sold or service(s) provided.
State a government policy that has impacted, or could impact, your named business.
Explain TWO possible actions that could be taken by your named business in response to this change in government policy, and how doing so would affect the business.
Justify, with TWO reasons, which of these actions would be more effective for the business.