TMA 2 – Part A: Question 1: 1700x12=£20400 16827/12=£1402.25 1700/100=17x2=34+1700=£1734 1734x12=£20808 17104/12=£1425.33 1402.25x6=£8413.50 1425.33x6=£8551.98+£8413.50=£16965.48/12=£1413.79. Piper’s average net monthly income over one year would be £1413.79. Net income Average month £ per month. Earnings:
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TMA 01 Question 1a The method that has worked for me or I have found it easy to taking notes is that I read the material thoroughly from beginning to end highlighting important words or phrases and then I read through it again to make sure that I have understood. I then transfer or write up the notes using bullet points into my notebook. 1b Geek to Live: How to deal with Internet Meanies Reacting to Internet Meanies in the heat of the moment‚ can intense things to a meaningless and
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Unit 3 For a hotel that wants to compete in any area of the market it has to offer some sort of value which nobody else offers or something better then others. If a hotel is competing in the market of short breaks for couples there have to be advantages for people to choose this hotel offer instead of other ones. The hotel must offer six major elements to attract people: Price‚ quality of room‚ quietness‚ sights or locations‚ cleanliness and service. Price is most important criteria for most
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Part I Question 1 a.) The income statement‚ also called the profit & loss account (P & L)‚ is used to illustrate a company’s revenues and expenses over a particular period of time. It shows the net profit and/or loss for the given period (the difference between the business’ total income and its total costs). It also allows shareholders to see the performance of the business and if it has made an acceptable profit. An income statement is very useful when assessing the performance of John’s Furniture
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Personal Experience relating to HRM Concepts within Book 2 (Demotivated people and high rate of employee turnover) Contents page Executive summary........................................................................................................................p. 3 Part I Problem description and analysis....................................................................................................p. 3 Recommendations........................
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entrepreneurship. 2. Incongruity‚ as the divergence between what everyone think of a thing and the reality of it ‚ this difference can create an innovation. 3. Innovation born when a new process is needed is a chance to fill the gap and create something new. 4. Changes happened to the industry structure can be a possibility for an innovative product to pop out 5. Demographics change such as population size‚ employment level and income ranges. 6. Perception variation along with mood and meaning of general
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The Lodge Bistro Chain The Lodge Bistro chain started out as something a bit different. This difference has enabled The Lodge to expand and become a successful chain of Bistros. However as time has gone on Bistros and outlets selling food have become more and more common. There are food outlets everywhere‚ all competing for custom and trying to be a little different to their rivals. The format of a French bistro has been replicated by many eating establishments and a large multinational chain
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they might be interested in a free carpet clean. Section B This report makes use of marketing and transaction as well as relationship marketing concepts from study session 1‚ it also deals with marketing communication concepts from study session 4. Marketing involves more than product development‚ research or advertising. According to Schaefer A. (2012)‚ the concept of marketing is when a business strategically research and tries to understand customers in order to satisfy their needs and develop
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TMA 03- Designer Labels Question 1 a) An income statement is used to show profit and loss; Kathryn can compare each financial year to see how the company is getting on and what department is doing well. An income statement will show all expenses incurred in the business such as delivery‚ office space‚ staff wages and the products. The income statement becomes useful to Kathryn when deciding to see how Designer Labels is getting on because it would show the income from sales and this can be broken
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Part 1 I decided to carry out a PEST/STEEPL analysis on MacDonald’s‚ the fast food chain. Although in their own Mission and Value statement they describe themselves as a franchise business. The STEP analysis proved to be relatively easy‚ in some was it is similar to SWOT‚ in that once a start has been made it is difficult to stop. I used a copy of their 2011 Annual Report as the basis for the analysis‚ this did make things difficult in term of economic factors as the report was mainly financial
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