Unit 19: Developing Teams in Business Assignment 3 P4 In this assignment I will be discussing our snack group‚ how well we worked as a team and how team working is very important. Teamwork is defined in Webster’s New World Dictionary as "a joint action by a group of people‚ in which each person subordinates his or her individual interests and opinions to the unity and efficiency of the group." This does not mean that the individual is not important anymore‚ but‚ it does mean that effective 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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segments that are divided will serve as fully functional units that perform stated functions. For example‚ a company’s sales department is a common functional area‚ and the staff in this area would all be focused on selling the company’s products. Explain why functional areas are important to a business? A business’s functional areas are the departments depending upon the company’s management structure that manages the main functional areas of business in a company. Most businesses share the main functional
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Voluntary/charities: Acorns Hospice: Up in the midlands (Birmingham) there is an organisation called Acorns hospice‚ they help support children with mental and physical disabilities and there was also room for their parents to stay. Many of the children and young people are not expected to reach their adulthood and they are requiring specialist care 24 hours a day‚ 7 days a week. The hospice is currently supporting over 630 children and more than 880 families‚ including those who are bereaved.
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UNIT 3: INTRODUCTION TO MARKETING P1 In this task I am going to describe how marketing techniques are used to market products in two organisations I have selected which are Tesco and MacDonald’s. Tesco is an international grocery and a general merchandising retailer in the United Kingdom. It’s the third largest retailer in the world and the second largest by profits. There are Tesco stores in fourteen countries in North America‚ Asia and Europe. Tesco are also known for being the grocery market
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complete experience‚ from the second they enter a business or view a website‚ to the after-sales service‚ such as spare parts or repairs. Superb customer service means providing services that customers did not even know they wanted‚ but are delighted to find are provided. Identifying Customer Needs Effective customer service involves satisfying customer needs‚ so the first step is to find out what these are. All customers contact a business because they want something. Businesses use several
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2013 | | Qualification | 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 | |
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students who have enrolled to study at SFX are safe while they are within the environment and also receive they best education the college can offer. Tesco’s director ensures that the business is meeting its goals by setting out the aims and objectives for the business. He also decides on the strategy for the business and also has interest of the shareholder‚ making sure the shareholders don’t lose any amount of the money that they invest in the company. The comparison of the two directors in these
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Chapter 4 accounting for merchandising BUSINESSES Problems P4–1 1. AQUA CO. Income Statement For the Year Ended June 30‚ 20Y8 Revenue from sales: Sales $ 3‚625‚000 Less: Sales returns and allowances $ 37‚800 Sales discounts 20‚200 58‚000 Net sales $ 3‚567‚000 Cost of merchandise sold 2‚175‚000 Gross profit $ 1‚392‚000 Operating expenses: Selling expenses: Sales salaries expense $ 388‚800 Advertising expense 45‚900 Depreciation expense—store equipment 8‚300
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Unit 5: Business Accounting Memo TO: Chief Executive Office FROM: SARAH (Finance Manager) PRIORITY: High SUBJECT: Purpose of accounting in Pompomi Incorporated DATE: Monday 18th October 2012 CC: Financial accounting is the means of measuring of the company’s economic performance. The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to prepare financial reports that provide information
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