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Overall satisfaction

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Overall satisfaction

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by Rabina.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • February 27, 2016 at 5:35 am #302265
    Rabina
    Member
    • Topics: 8
    • Replies: 10
    • ☆

    Bus Co is a large bus operator, operating long-distance bus services across the country. There are two other national
    operators in the country. Bus Co’s mission is to ‘be the market leader in long-distance transport providing a greener,
    cleaner service for passengers nationwide’. Last month, an independent survey of 40,000 passengers was carried
    out, the results of which are shown in the table below:
    Table: Bus passenger satisfaction % by national operator
    Operator Overall satisfaction Value for money Punctuality Journey time
    Bus * 67 80 82
    Prime * 58 76 83
    Express * 67 76 89
    * denotes that the percentage has not yet been calculated.
    The ‘overall satisfaction’ percentages, which have not yet been inserted into the table, are calculated using a weighted
    average which reflects the importance customers place on each of the other three criteria above. The weightings used
    are as follows:
    Value for money 40%
    Punctuality 32%
    Journey time 28%
    The managing director (MD) of Bus Co has said: ‘Independent research has shown that our customers are the most
    satisfied of any national bus operator. We are now leading the way on what matters most to customers – value for
    money and punctuality.’
    Required:
    (a) Calculate the ‘overall satisfaction’ percentage for each operator. (2 marks)
    (b) Taking into account all the data in the table and your calculations from part (a), discuss whether the
    managing director’s statement is true. (4 marks)
    (c) When measuring performance using a ‘value for money’ approach, the criteria of economy, efficiency and
    effectiveness can be used.
    Required:
    Briefly define ‘efficiency’ and ‘effectiveness’ and suggest one performance measure for EACH, which would
    help Bus Co assess the efficiency and effectiveness of the service it provides. (4 marks)
    (10 marks)

    Please help me with the solution

    February 27, 2016 at 8:35 am #302288
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    Please do not simply type out full questions and ask for a full solution. That is not what we are here for.
    You must have a copy of the examiners answer (this is a past exam question and the examiners answer is on the ACCA website) and you should ask about whatever part(s) of the answer are not clear to you.

    You can find lectures working through the whole of the exam in which this question was asked, linked from the main Paper F5 page. (Follow the link to “Revision Kit Live”)

    February 27, 2016 at 10:18 pm #302377
    Rabina
    Member
    • Topics: 8
    • Replies: 10
    • ☆

    Thank you

  • Author
    Posts
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