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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opening soon. Things that the Hilton hotel provides to the customers are accommodations‚ a restaurant where they sell foods and drinks and venues for weddings or parties. Their aims are to attract people to their 5 start hotel‚ and expand on their business in different countries and cities. Westminster Academy Westminster Academy is a public sector and their service to teaching the students and they provide education. Their schools aims towards their Students are to educate them well to be able
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Guilherme Oliveira Unit 19 M1 M2 D1 M1: Compare the roles of different members of a team. A way of doing this task efficiently would be to keep a log setting out of the roles that you and the other members of the team have within the team in which you are working as a part of. When teams are performing at their best‚ you are likely to find that each team member has cleared responsibility. You’ll also see that every team member needed to achieve their own personal goals in order for the team’s
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Unit 3 – Introduction to Marketing P1 – Task 1 What is marketing? Marketing is the function that connects businesses to their target audiences’ needs. It is how a business presents and distributes their product to their audience. For example‚ a business can market their product by advertising it to the public. This can be seen in many forms of media; such as: on television‚ via web‚ posters or on billboards. Marketing is the management procedure in which the product or service is moves
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M4 & P6 In a business‚ there are several different types of budgets that has different department/area the business has to make. For example‚ in a business‚ you can find the sales and revenue budget (a financial document that set out the business expected sales and revenue from selling its products or services)‚ the expenditure budget (financial document that sets out the expected expenditures of a monthly basis on those items) and the profit budget (financial documents that sets out the predicted
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Every business needs to follow all the employment legislation which is set by the government. It helps employees to be treated fairly. Some of the legislation are; employment relations Act 2000‚ the minimum wage Act 1983‚ health and safety at work act 2015‚ etc. The health and safety act is twin duties because for employee’s health and safety are combined within one act. Businesses follow the legislation as it changes and they train their staffs as follows. It is essential for the business to follow
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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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Mr Daniel Green started Healthy Drinks two years ago. He started his business with a healthy milkshake in the UK market. Because of his innovativeness and eccentric capabilities‚ the company experienced increased sales in its first year. However‚ the company started facing difficulties in meeting its sales targets because too many competitors also entered into the market. Mr Green wants to add new range of drinks‚ juice or smoothie but he also wants to keep the current products. As an innovation
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| Edexcel Level 5BTEC Higher Nationals Diploma in Business (QCF)2013ASSESSMENT ACTIVITY : | | Unit Name: | Research Project | Unit Number: | 8 | Credit Value | 20 | Assignment Submission Date: | As per the schedule | Assessor: | Karunasree | Mode of submission: | LIVECAMPUS | Aim To develop learners’ skills of independent enquiry and critical analysis by undertaking a sustained research investigation of direct relevance to their Higher Education programme and professional development
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Unit 1- Business Environment Task: P1 Range of different businesses and their ownership You work as a junior researcher for a business magazine and you have been asked to prepare background material for a reporter. The reporter wants you to carry out Investigation into 2 contrasting businesses- one in private sector and the one in public sector or in voluntary sector like charity. You need to write a report covering all your investigation. Note: The private sector company must be a large supermarket
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