... Aircraft, empowerment, through the introduction of a team approach and a culture of continuous improvement, is being introduced to try and improve employee performance. A. 1. [b] Greater productivity is likely to give lower unit costs of production and this will give Cambrian the opportunity either to enjoy a higher profit margin on their existing sales (thus increasing their overall profits) or to reduce their prices whilst keeping their previous profit margin (which, provided the price elasticity of demand is not zero, should increase their overall sales {and market share} and thus their overall profit). In both these situations the company should have generated additional profits that it could then choose to use in various ways {e.g. increasing shareholder dividend, or increasing capital investment in the business, or increasing workers' pay rates} all of which would be of benefit to the company. A. 1. [c] (i) Quality Control involves inspecting the products, or ...

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