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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Unit 1: Individual Project Heather Stowe AIU Online Abstract This paper is about an inventor who is trying to start up their own business but does not have the financial stability nor the management skills to keep the business afloat. They also need to decide which type of ownership will best fit their business: Sole Proprietorship‚ Partnership or Corporation. Unit 1: Individual Project Becoming a successful inventor is no easy task. It takes hard work coming up with and designing the
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BTEC P2: Describe how you would build a cohesive team. In this task I will explain what cohesive team is and what kind of organisation are using it. Building a cohesive team will involve making sure that you have very good staff. It also means having a good communication skill in the team. This will make sure that the team understand what they are doing and that is a good sense of leadership in the organisation. NEXT Cohesive team building NEXT is one of the biggest retailers of fashion in the
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Describe the types of resources available for producing high quality and attractive documents High quality Photocopier and someone who has the skills to use it to ensure you get a neat and clear print each time. A scanner to ensure that you can scan the document with ease when you need to and are able to keep the original. A computer to process and operate all the above machines High quality software‚ and ensure that it is up to date. Tape‚ Folders‚ Binding machine depending on the you
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M10EFA: Auditing and Assurance Seminar 4: Tests of Control and Audit Sampling Tests of Controls Game Solutions is a computer games company which has its Head Office located in Glasgow‚ where all administrative processes are conducted. However‚ all other functions are sited at four other locations in the UK in order to ensure optimum cost efficiency of the research and production functions in terms of staff‚ facilities‚ travel among others. All locations are networked together with a server placed
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Unit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document‚ either onto your computer or a disk • Then work through your Assessment‚ remembering to save your work regularly • When you’ve finished‚ print out a copy to keep for reference • Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My
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Information : this comes from a wide variety of sources and an effective business person will research information from a range of sources before making decisions. Verbal information : Face-to-face verbal communication is best way to communicate . There is less scope for misunderstanding and it allows for verbal and non-verbal massages . Written information : Writing is the use of physical symbols to present words . Words are the sounds that make up speech . But this definition can be broadened
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OCR LEVEL 3 CAMBRIDGE TECHNICAL CERTIFICATE/DIPLOMA IN BUSINESS Unit 2 - BUSINESS RESOURCES P1 - describe the recruitment documentation used in a selected organisation P2 - describe the main employability and personal and communication skills required when applying for a specific job role M1 - analyse the recruitment documentation of a selected organisation Scenario You are to produce a guide for applicants on the recruitment documentation used within a selected organisation (Duffryn High School)
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report contains a detailed analysis about the competitive situation between M1 and their rivals Star Hub and Sing Tel. This report includes external analysis (Opportunity‚ and Threat) and internal analysis (Strength‚ Weakness) of Mobile One and identifies Porter’s five Models to evaluate the competitive strategy for M1 that can contribute to long term sustainability of the organization. Moreover‚ a recommendation on M1’s future will be given. The references of the report are found from the internet
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Unit 7 Summary Unit 7 was fascinating and I believe it was my favourite unit. This unit covered data preparation and presentation which was very interesting. I was introduced to the term data dictionary which is where a researcher list and describes items in a database‚ it also helps the research to remember the codes given to items in the research. When I first encountered the term coding in my research proposal‚ I was reluctant to meet that part of my research because I developed a bad perception
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