are unable to spend alot of money causing the economy to go into recession and undoing the economic growth. Spending power increase means the economy is generating more income. The term business environment implies to external forces‚ factors and institutions that are beyond the control of an individual business organization. GDP (Gross domestic product) is measured by the average income – the availability of goods and services produced within the company. If GDP falls it shrinks the economy e
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have done numerous jobs where I was in charge of the finance such as bartending where I was working under pressure where I had to manage money (coins and paper) whilst serving and remembering orders‚ also I had achieved double merit at level 2 in business studies where many of the units consisted of finance content. | Be able Work as a member of a team | I possess
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com/article/223816) The reason why we have choose this strategy it allows Twin star to be more motivated to have good customer base and have guaranteed profit. Price above the average and customers will go elsewhere; price below it and you can’t afford to stay in business. Beyond that‚ there are strategic decisions that could affect your price point. So for Twin Star‚ we have decided to have prices that are affordable to our target audiences. This also allows twin star to have some kind of competition with other brands
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D1 – Demet Sahin – Business Accounting For this part of the task I have been asked to look at the case study of Superflex UK. Recommend and justify ways in which Superflex could address these problems and improve the cash position of the business. A cash flow forecast is estimation of cash coming into the business and of cash going out of the business over a set period of time. A cash flow forecast should demonstrate that your business will have access to enough money to survive. But when estimating
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P7 ‘Madness in the Method’ It is very important in business that individuals have lucrative methods of communication in order to convey important messages‚ and use these methods in order to interact with other businesses and the public. Methods of communication can also be commonly used to advertise and market‚ for example via the use of social networks which advertise to a wide range of individual‚ to through written posters which can be placed up in shop advertisements and on notice boards alike
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Unit 201 Improving productivity using IT 2. Describe ways to improve productivity and efficiency IT can improve productivity in many way the following bullets are just a few: * time savings * cost savings * minimise work processes * Increase output * Improved documetn quality IT makes good use of automated routines. These help to cut down the time it takes to perform a process. Quick start programme Icons appear directly on the desktop. If you double click on these
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divisional. A functional area is a department inside a business Administration– They carry out multiple support activities to help the business operations run smoothly. Customer Service- They help customers who have any questions‚ concern or complaints. Distribution- They make sure that the products are delivered to the right place‚ on time and in perfect condition. Finance- They control two main tasks; providing information so managers can run the business‚ and to keep the accurate records of financial
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BSBRSK501A MANAGE RISK ASSESSMENT ACTIVITY 6 First of all‚ the aim of business is increasing of income. They should consider how to maintain existing regular income and to increase new revenue by the expansion. When the business is expanded‚ they should have enough research and money. The expand looks dangerous. For the safety‚ they need life guards who are strong swimmers and helpers to control houseboat in high winds. It has many interceptive problems for the expansion like climate
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Tesco Research Methods Primary Research - This is research done by the business: Club Card Tesco have a scheme where customers sign up to a club card providing their information‚ from these customers can build up points which they can pay for items‚ Tesco can use this information to create a database and send direct mail and emails to
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Marketing Techniques P1 & M1 1. Examine the marketing techniques below‚ explain how each of the businesses utilise these marketing techniques to market their products (look at news articles for both businesses) |Marketing Techniques |Business1:Coca-Cola |Business2:Mc Donald’s | | | | | |Growth Strategies
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