Unit number and title | Specialised Diploma in Business Administration – Level 1 | Unit 20 : Recording Business Transactions | | | Assignment title | Work Experience at South Thames College | | Criteria reference | To achieve the criteria the evidence must show that the student is able to: | | Task no. | | Links to personal‚ Learning and Thinking Skills | 1.1 | Identify the types and purpose of documents used to record business transaction | | 1 | | | 2.1 | Make plans to
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Business Aims / Objectives & Mission Statements A business aim is a long term goal. It is something a company is working towards to achieve the target within a certain time. To do this the business would need to use short term goals called objectives to achieve these. These objectives intend to be SMART. (Specific‚ measurable‚ achievable/agreed‚ realistic‚ time) An aim is where the business wants to go in the future‚ its goals. It is a statement of purpose‚ e.g. we want to grow the business into
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D1- QMH documentation I am going to evaluate the usefulness of the documents which QMH in facilitating the interview process. Documentation 1: The first document which QHM uses is a recruitment and engagement form‚ this provides information such as what hotel department the candidate wants to work in and the contract type and number hours you will be working. This document also provides information if the candidate is a replacement candidate or a new candidate. This document is useful in
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BUSINESS COMMUNICATION C3 M2 In this task‚ I will be producing a report on analysing the legal‚ ethical and operational issues in relation to the use of business information‚ using appropriate examples. I will also be explaining the advantages and disadvantages of each issue in relation to the use of business information. INFORMATION SECURITY: The protection of information and information systems against unauthorized access or modification of information‚ whether in storage‚ processing‚ or transit
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Unit 5 Introduction to Accounting D1 Recommend and justify actions a business might take when experiencing cash flow problems. When experiencing cash flow problems there are a few recommendations to make‚ these problems include: • Being overdrawn on consecutive months. • Having too much money • Difficulty in predicting costs When being overdrawn on consecutive months you should look to cut back on immediate expenses such as insurance‚ suppliers‚ rent and employees. You could
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D2: Evaluate the risks involved in the installation or upgrade of software and explain how the risks could be minimised. Loss of Income: Companies can easily lose income if their computer systems shut down. When the system shuts down‚ no actions can be done‚ meaning no orders can be accepted. In this way it is very likely that the organisation will lose customers‚ also money or maybe get a very bad reputation. So when upgrading or installing a new software there is a miner chance of this happening
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Evaluate how an organisation has responded to changes in the Business environment * Think about the Changes in the Business environment * How has the Business reacted to these changes? * What have they adapted? * Provide evidence to support your points. When things change‚ it creates stress and panic for all involved. Sometimes‚ people within a business environment need to spend more time on learning how to cope with the new situation to help manage all the changes. To make
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Pass1 Unit 3 Definition The management process through which goods and services move from concept to the customer. As a practice‚ it consists in coordination of four elements called 4P’s: (1) identification‚ selection‚ and development of a product‚ (2) determination of its price‚ (3) selection of a distribution channel to reach the customer’s place‚ and (4) development and implementation of a promotional strategy. As a philosophy‚ marketing is based on thinking about the business in terms of
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Title and Level BTEC National Diploma in Business Level 3 Programme Number JW478 Unit Number and Title Unit 3 Introduction to Marketing Unit Code Y/502/5411 Coursework Title Assignment 1 Marketing Techniques Coursework Number 1 Information about each Coursework Task: Task No Assessment and Grading Criteria Assessment Methods / Evidence Hand out Date Hand in Date 1-3 Task 1 addresses P2 Task 2 Addresses P1 Task 3 Addresses
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changed | State which stakeholder caused this | Describe how this stakeholder caused this | Tesco plc has recently received a lot of criticism over its activities‚ which is of great interest to a number of its key stakeholders. Tesco is a massive business which now takes£1 of every £8 spent in UK shops. The company has become increasingly dominant and has expanded into convenience store and hypermarket sectors of retailing. Criticism has been directed at Tesco from various groups‚ both national organisations
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