1a) The Exporter Development Programme (EDP) has an initial funding of $6 million. Via partnership with trade associations and chambers, the Programme hopes to benefit more than 1000 SME exporters in the next three years. The Programme is a timely boost for Singapore SMEs who are involved in exporting activity. 1
1b) To ensure that there is price stability
New competitors can enter into market
2a)
- control decentralised, ensuring better monitoring of all aspects of a job
- many opportunities for vertical or horizontal career decisions
2b)
Insufficient Knowledge of the Subject. If the sender lacks specific information about something, the receiver will likely receive an unclear or mixed message.
Information Overload. If you receive a message with too much information, you may tend to put up a barrier because the amount of information is coming so fast that you may have difficulty comfortably interpreting that information.
3a)
Two-factor theory distinguishes between:
Motivators (e.g. challenging work, recognition for one's achievement, responsibility, opportunity to do something meaningful, involvement in decision making, sense of importance to an organization) that give positive satisfaction, arising from intrinsic conditions of the job itself, such as recognition, achievement, or personal growth,and
Hygiene factors (e.g. status, job security, salary, fringe benefits, work conditions, good pay, paid insurance, vacations) that do not give positive satisfaction or lead to higher motivation, though dissatisfaction results from their absence. The term "hygiene" is used in the sense that these are maintenance factors. These are extrinsic to the work itself, and include aspects such as company policies, supervisory practices, or wages/salary. Herzberg often referred to hygiene factors as "KITA" factors, which is an acronym for "kick in the ass", the process of providing incentives or threat of punishment to make someone do something.
3b)
The tertiary industry is split into two main categories. The first is made up of companies that are in the business of making money, such as those in the financial industry. The second comprises the non-profit segment, which includes services such as state education.
- Help gather customer feedback
- Trainers
4a)
· Interest on capital invested in the stocks;
· Storage charges ( rent, lighting, heating, refrigeration, air-conditioning and others);
· Warehouse manpower, equipment maintenance and running costs;
· Handling costs;
· Audit, stocktaking or perpetual inventory costs;
· Insurance, security and others;
· Deterioration and obsolescence and
· Pilferage, vermin damage and others
4b)
Hard to predict stock
Not to customise stock
5a)
FDI
R&D
Employment
5b)
Currency
6a)
Cash flow / Budgeting
b) Different packages / Price discrimination
7a)
Since Singapore exports are assumed to be priced in SGD, thus a depreciation will make sg exports cheaper.
b)
The net gearing ratio is calculated by dividing the total debt, including long- and short-term liabilities and bank overdrafts, by the total shareholder equity. Expressed as a percentage, this ratio reflects the amount of existing equity that would be required to pay off all outstanding debts. A low-geared company with a ratio of 10% would be able to pay off debt several times over and would be considered low-risk by both investors and lenders. Companies with higher ratios, upwards of 50% for example, represent a greater risk, because even a brief period of reduced profits or a sudden increase in interest rates could mean bankruptcy and loan default.
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