stakeholders. Stakeholders are people who have an interest in the decisions that businesses make. Aims and Objectives of TESCO 1. To grow the UK core. 2. To be an outstanding international retailer in stores and online. 3. To be as strong in everything we sell as we are in food. 4. To grow retail services in all our markets. 5. To put our responsibilities to the communities we serve at the heart of what we do. 6. To be a creator of highly valued brands. 7. To build our team so that we create more
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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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this should make sure that they are able to adopt this to reassure their customers. Economic and social impact due to speed to changes When e-commerce are now one of the most popular ways to shop‚ this then puts traditional business in damage which threaten their business. However this is an issue for those who doesn’t have Internet access. Less fortunate customers have a disadvantages when it comes down to buying online‚ this could be because they use old fashion internet like Dial-up (56K)‚ also
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Task 3: (P3)‚ (P4) and (P5) Unit 16: Starting Up Your Own Business Business Plan Name of Business: Edas restaurant Name: Sade Business Address: Flat 9 Merstone House‚ Borrodaile Road‚ SW18 2LF Nature of the business & Unique Selling Point: Fresh food and a unique fish. Long-term plans for the business: To expand the business globally Legal status: Partnership
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Evaluate how managing resources and controlling budget costs can improve the performance of a business. Managing resources is a way to improve the performance of a business this is because it helps to guide the business and improve it. Human Resources Starbucks uses HR to help to budget and manage costs. They do this by having a set of people for specific tasks. If someone is more skilled they will move that person to another place because they have better skills and the quality of their work
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Business Unit 12 P4 Describe the benefits and opportunities to the business of using internet marketing within the marketing mix of a selected business. In this task I am going to be describing the opportunities and benefits of Nike using internet marketing within their marketing mix. E-marketing overall presents businesses such as Nike with opportunities to improve a business’s marketing effort as well as helping to gain a competitive advantage. Although e-marketing does provide these opportunities
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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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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 NATIONAL Diploma in Business | | | |2012 - 2014
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There are a number of laws and regulations that have been put in place to protect consumers when buying products or services. Businesses must make sure they follow these laws and regulations to prevent possible legal action being taken out against them. These laws prevent the businesses from misleading customers about their goods or services. I am going to explain these laws‚ and explain how they impact of McDonalds and Apple. Sales of Goods Act 1979 The Sale of Goods Act lays down several conditions
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