anything that relates to people in the business - for example‚ staff and managers. Physical resources are those that are physically used by the business - for example‚ land‚ raw materials‚ buildings or equipment. Technological resources are those that make use of technology - for example‚ computers‚ software or systems. Financial resources are any aspects of the business relating to money‚ such as money owed to or by the business. It is essential for any business to control‚ manage and make the best
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M1- Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. Stakeholders A stakeholder is anyone that is interested in a business‚ whether it is a small business or a big business. Stakeholders are individuals‚ group or organisations that are affected by the action of the business. They include the following: Owners that are interested in how much profit the business makes Managers and employees who are concerned about
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Business Environment Can your business survive? Marks and Spencer is a retailer department that offers high quality home products‚ fashionable clothes for women‚ men and kids as well as luxury food & wine in store and online; from 2‚000 suppliers globally. M&S also provide services such as TV installation for free when you buy TV from them‚ energy resources‚ insurance‚ gift wrapping and flowers deliveries. Marks and Spencer belong to the Private sector organisation and it’s registered as a public
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GLOP Store Manual Legal Environment and Equal Opportunity This portion of the policy was set in place to help you do the right thing‚ document the limitations of our company’s HR and legal department‚ and overall‚ to minimize the company’s liability. This element of our policy manual will be specific to Title VII of the Civil Rights Act of 1964 which applies to employment decisions and further mandates that employment decisions not be based on race‚ color‚ religion‚ sex‚ or national origin
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Unit 1 Exploring Business Activity Assignment 3 P5 In this essay I will be describing how three external factors are impacting upon the business activities and stakeholders of John Lewis and Oxfam. The first of the three external factors I have chosen is the credit crunch. The credit crunch is a decline in the availability of loans or a tightening of conditions required to take out a loan from banks. It also means that there are reductions on the interest rates set up by banks for saving
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2011-10-03 Definition of a Political System • The complete set of institutions‚ political organizations‚ and interest groups‚ • The relationships among institutions‚ and the political norms and rules that govern their functions International Business Part Two Comparative Environmental Frameworks Chapter Three The Political and Legal Environments Facing Business 3-2 Copyright © 2009 Pearson Education‚ Inc. publishing as Prentice Hall Individualism vs. Collectivism Political Ideology • Individualism:
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What Does Endermologie Do‚ And How Does It Work? Many people who have heard about this procedure are asking‚ "What does endermologie do?" Endermologie is a treatment that was first developed in the 1980s. It was used to help treat burns and reduce the appearance of scar tissue. Health care experts soon realized that endermologie is very effective for reducing the appearance of cellulite. This treatment involves using motorized rollers to massage and manipulate the skin tissue. Endermologie is a
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Singapore business environment with PEST analysis Political – Singapore has friendly environment for business. The government makes several organizations to encourage business. The regulation structure of Singapore has Ministry of Trade and Industry (MIT). That makes Singapore become global city of enterprise and innovation. The aim of MIT is making economic growth with creating job opportunities. It can give broad directions for the economy. Their tasks are making economy growth‚ trade expanding
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Task 4.1: Discuss the significance of international trade to UK business organizations International trade is the exchange of capital‚ goods and services across international borders or territories (Wikipedia.org). It is vital to the economy of a country since it may benefit a significant share of gross domestic product (GDP). Without international trade‚ the UK organizations would be limited to sell its goods and services only within their own border. Therefore‚ International trade is vital
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The Environmental Protection Agency can regulate a substance that poses an imminent hazard but cannot prohibit the use of a substance altogether. Correct Answer: False There are no plans to develop national standards regulating the fuel economy and emissions for medium- and heavy-duty trucks. Correct Answer: False State laws may restrict a business’s discharge of chemicals into the air or water. Correct Answer: True Different standards for
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