p3 unit 2 business
Physical resources:
These activities need to be maintained in order for every company to carry out its activity and these activities are as follows:
Building and facilities
Materials and waste
Plant and machinery
Equipment including ICT
At the same time management of physical resources include insurance and security to keep these resources safe.
Building facilities:
Building facilities include things such as: Premises, Location- it doesn’t matter if it is a factory or even a small shop, the location needs to be somewhere the customers could get access to. Moreover it doesn’t matter what kind of business it is, the company will also need to provide the right building facilities. As well as these thing they also include: Sector centre, Access to distribution, Road/rails/air network- the company will need to make sure that their business is located in an area where customers can get access to it easily.
Numbers of staff employed- is also important to think about how many staff you need in the business to carry out the job properly. If there are less staff then the business may not be able to do its job properly and offer the best customer service to their customers as they cant solve everyone’s problem quick enough. Moreover this will mean that the facilities for the customers will be less so then the customer will not like the business and may turn their back towards them.
Again these kinds of businesses can be rented or leased or owned by someone else. Once the company is owned or leased, the owner can do anything they want such as producing an online business that attracts customer’s attention and it will be the cheapest way of selling your business.
For example BLL is mainly an online business that operates online and attracts their customer’s attention to sell all their products and at the same time make enough profit to keep up with their business. As I mentioned before BLL offers many range of products online such as making your own design and
These activities need to be maintained in order for every company to carry out its activity and these activities are as follows:
Building and facilities
Materials and waste
Plant and machinery
Equipment including ICT
At the same time management of physical resources include insurance and security to keep these resources safe.
Building facilities:
Building facilities include things such as: Premises, Location- it doesn’t matter if it is a factory or even a small shop, the location needs to be somewhere the customers could get access to. Moreover it doesn’t matter what kind of business it is, the company will also need to provide the right building facilities. As well as these thing they also include: Sector centre, Access to distribution, Road/rails/air network- the company will need to make sure that their business is located in an area where customers can get access to it easily.
Numbers of staff employed- is also important to think about how many staff you need in the business to carry out the job properly. If there are less staff then the business may not be able to do its job properly and offer the best customer service to their customers as they cant solve everyone’s problem quick enough. Moreover this will mean that the facilities for the customers will be less so then the customer will not like the business and may turn their back towards them.
Again these kinds of businesses can be rented or leased or owned by someone else. Once the company is owned or leased, the owner can do anything they want such as producing an online business that attracts customer’s attention and it will be the cheapest way of selling your business.
For example BLL is mainly an online business that operates online and attracts their customer’s attention to sell all their products and at the same time make enough profit to keep up with their business. As I mentioned before BLL offers many range of products online such as making your own design and