P6 For this assignment‚ I will be describing how political‚ legal and social factors are impacting upon the business activities of Wal-Mart and Tfl. For businesses‚ this is important because they need to know how these change such as political decisions made by the government or changes to the law or changes that take place in society over time is going to affect their business. Political Factors Political factors is an external environment in which a business functions. This is a type of external
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1.1 Organisations can be classified in terms of their business purpose‚ ‘for profit’ or ‘not for profit’ organisations. Organisations that seek to make a profit are mainly private sector businesses which provide goods/services and must make a profit to survive. They can break even or even make a loss for a very short time or they will cease to exist. The main structure of profit seeking organisations includes: 1. SOLE TRADER. Business owned by a single person‚ bearing full responsibility of
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| | |BTEC NATIONAL Diploma in Business | | | |2012 - 2014
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P6‚ M3 In this assignment I will be writing about how stakeholders in two selected organizations of my choice are affected by P.E.S.T.L.E this will show how each one is affected by P.E.S.T.L.E; P olitical E conomic S ocial T echnological L egal E nvironment Definitions: Political Factor- An activity related to government policy and its administrative practices that can have an effect on something. Most business operators will keep a watchful eye on any political factor‚ such as new legislation or
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Limitations and constraints on marketing activities Task 1 Read each of the examples of marketing activities that might be carried out by business in the table below. For each example suggest a law that the business might be breaking and the reason why. |Example |Possible legislation being broken and why | |A picture on the packaging that shows better quality ingredients |Sales of goods
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BTEC Level 3 Business Unit 2 (Business Resources)- Assignment 5: Preparing financial documents. P6: Illustrate the use of budgets as a means of exercising financial control of a selected company. In this task‚ I’ll be illustrating the use of budgets as a means of exercising financial control of my selected business which is Morrison’s. A budget is a financial plan for the future of business relating to its costs. However a budget is more than just financial numbers. Budgets for incomes/ revenue and
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BTEC IN BUSINESS Level 3 UNIT 2 – Business Resources Assignment 2 Name: P4: Sources of Finance There are two main ways that a business can access financial resources: From within the business (internal source) Can be from the business owner’s savings or from profits From outside the business (external source) There are a number of external sources that can be used to fund a business: Banks/building societies Hire Purchase Leasing Venture Capitalist Factoring Share issues Friends/family
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with my result in August. I am also studying BTEC Business studies level 3. All the subjects have given me skills that will be needed for the degree. Business studies have required a significant amount of independent reading‚ and have also taught me the importance of sticking to deadlines. I believe business studies will help me as there is a great deal of analysis and evaluation involved in the subject‚ for example looking at the validity of a business. I think all of the above skills are beneficial
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M3 Compare the features‚ strengths and weakness of two successful businesses In this task I will compare the features‚ strengths and weakness of two successful businesses. The two businesses I will look at are:- APPLE & DYSON Feature identified in organisation 1: Dyson have one feature that they are INNOVATIVE‚ this means that they are constantly making new product with new technology and ideas. They also fulfil their customers need Examples of Dyson product are Hand Dryer
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Assignment Brief Unit Number and Title Unit 1: The business environment Qualification BTEC National Subsidiary Diploma Start Date 17th September 2012 Deadline 1st October 2012 Assignment Title Business purpose and ownership Unit content In this unit you will understand - the range of different businesses & their ownership; how businesses are organised to achieve their purposes; the impact of the economic environment and how political‚ legal and social factors impact businesses
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