M2 Regulations and laws for small businesses including ownership It is very time consuming to register my business and to research all the laws and regulations I would have to follow when in business and to also understand that there would be serious consequences if I failed to keep the legislation. The outgoings of tax and national insurance‚ if I did not declare my business in the three months expected of starting up‚ to the HMRC and did not complete a tax return form‚ then this would be
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M2: Analyse the performance of a business using suitable ratios Ratio Dessi-Designs Gross profit margin Dessi-Designs Result : 60% Q1. Definition of Ratio Gross profit margin is the difference between revenue and cost before accounting for certain other costs. Generally‚ it is calculated as the selling price of an item‚ less the cost of goods sold then multiplied by 100. Q2. What result would your aunty and uncle want from this ratio? The result they would want a high percentage because the higher
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tasks concept. Shaper: Initiator Energizer The Shaper is a dynamic‚ outgoing member of the team; they are often argumentative‚ provocative‚ they push the group towards agreement and decision-making‚ keen to remove barriers and embrace challenges.[1] Completer-Finisher Recorder They are never at ease until they have have checked every detail and made sure that everything has been done and nothing overlooked. It is not that they are overly or irritatingly fussy: their obsession is an expression
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P2 Introduction In this assignment I will be talking about key stakeholders who influence the purposes of two businesses‚ the business I have chosen are Tesco and Asda. Also I will be talking about the interest of owners‚ customers‚ suppliers‚ employees‚ trade unions and shareholders have in the businesses. Another point I will be talking about is why business have to consider local communities and pressure groups when operating their business. Tesco and Asda key Stakeholders are; Customers:
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P5 There are many economic factors that could affect a business; these factors could also affect the stakeholders. A recession and a growth business will be affected‚ the stakeholders affected would be customers‚ suppliers‚ employees and consumers. Inflation is a persistent increase in the general price level of goods and sevices in an economy over a period of time. When the general price level rises‚ each amount products bought from the store decreases as the rate of the product is too high
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P5- Explain how these functional areas are linked in one of these organisations Functional areas are used in many businesses and are very effective as different areas work together to do or produce one thing. Tesco is a multinational company and also have functional areas such as: Human rescores Customer service Administration and support Research and development Finance and department Product operation Each one of these areas have a role to do in all functional areas but every
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Assignment: Starting a small business Unit: 36 - Task:3 = M1: (Merit Criteria) Scenario You have decided that you would like to investigate how it would be possible to establish your own business after you complete your BTEC National. Your investigation will enable you to investigate and identify the skills needed to run a successful small business. The term ‘small business’ is related to people operating on their own as sole traders or partnerships‚ and limited companies employing 10
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Bibliography: [1] General Knowledge [2] http://www.britishairways.com/travel/globalgateway.jsp/global/public/en_ [3] https://www.martindales.ltd.uk/1_about_martindales/overview.html [4] http://www.businessdictionary.com/ [5] http://pestleanalysis.com/ [6] British Airways
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(D2) - Whist taking part in both group interactions and one to one interactions there are many factors that influence the effectiveness of each. This essay will therefore evaluate the factors in which I came across which were an influence to my effectiveness in the interactions. Firstly in the one to one interaction I feel the factors that came across which made my interaction effective was my speech as I feel that I used a clear pronunciations to the service user which allowed her to understand
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Assignment brief THREE Assignment title Recruitment Process Documentation Assessor Beverley Lockett Date issued Hand in deadline Duration (approx) Two weeks Qualification covered BTEC Business Level 3 Extended Diploma Units covered Unit 13 Learning outcomes covered LO4: Be able to participate in a selection interview Scenario Your documents produced for the previous assignment are to be used for the interview of a retail assistant . You do however have to prepare the interview pack
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