Task 1 (P1) Describe the purpose of accounting for Marks and Spencer. Cover: a) record transactions; b) monitor activity; c) control; d) management of the business (planning‚ monitoring‚ controlling); e) measurement of financial performance (gross profit‚ net profit‚ value owed to and by the business) N>B> Find out if M+S is making a profit or a loss and find up to date data a. This is used to record accurate and up to date information and to upkeep the smooth running of the business. The
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organization P1 * Purpose of Accounting in Business The main aim of any business is to earn profits and also to remain solvent‚ i.e.‚ it should have enough resources to pay its employees‚ creditors and to carry on with the day-to-day activities of the business. The main purpose of accounting system is to prepare financial statements‚ that will help the various external and internal parties of the business to appraise the profitability as well as the solvency of the business. The three main
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selected public service control room including the grading categories used‚ and the role of call handlers and incident managers. Look at the guidance notes to see what needs to be covered. Use the box provided to answer this question. Task 1a (P1) When you look at an emergency incident. It has to be graded by the public services call centre. An emergency incident can be seen in many different ways of all sorts of backgrounds and serviettes. Some are more serious than others and some need
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Jemma Walker Unit 3; P1 P1 - Explain potential hazards and the harm that may arise from each in a health or social care setting Relating to the physical environment The physical environment is everything that is around you‚ this includes; 1. The building 2. The air 3. The temperature 4. Objects 5. People 6. Pets The physical environment has a huge impact on the staffs and individuals well-being. The spread of Airborne infections are increased when the ventilation
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Unit 3: Introduction to Marketing Nike Market Research Market research helps Nike to make decisions by helping them to understand the changing dynamics of the market. Market research helps Nike understand who their target market are along with its competitors it has and where they differ. It helps Nike to make improvements‚ change their business plan or change their product. There are 2 types of market research‚ these are primary and secondary research. Primary Research Primary Research would
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Unit 38- P1- Explain the effects of changes in the economic environment in a selected business. Introduction In this report I am going to explain the effects of changes in the environment for JLR. What is the business cycle? Explain all five stages of the business cycle? Growth In 2008 Tata Motors acquired Jaguar and Land Rover from Ford. Tata Motors merged the two marques into a single company and officially joined together in 2013. Their sales and profits have risen every year. At the start of
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Website Design Strategy P1 - Describe how three contrasting organisations use their websites for business purposes Website Description of core business Purpose Users of the site www.nhs.co.uk NHS Choices offers a wide range of resources that can support health and care professional in their work with patients and clients. It’s a business in the public sector which means it is owned by the government. It ensures that good healthcare is available to all‚ regardless of their financial status
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Unit 7- sociological perspective P1- explain the main principle of sociological perspective. Structuralism: This perspective is interested in describing and understanding the main institutions of society. This includes family‚ education system‚ health services‚ the economy‚ the political system‚ religious groups and the media. In addition‚ structuralism is interested in knowing how these institutions work with each other and how they influence an individuals behaviour. Functionalism: This perspective
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Unit 21 Aspects of Contract and Business Law P1 Describe and then relate these elements to the case study. Laws‚ contracts and customs are rules that shape our everyday lives. These date back for centuries. There are a number of different elements that make up a valid contract that can be used in business today‚ these consist of the following. Offer Offers are made to sell or buy a product from an individual or company. Unilateral offers are offers that apply to everyone‚ i.e. an advert
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are unable to spend alot of money causing the economy to go into recession and undoing the economic growth. Spending power increase means the economy is generating more income. The term business environment implies to external forces‚ factors and institutions that are beyond the control of an individual business organization. GDP (Gross domestic product) is measured by the average income – the availability of goods and services produced within the company. If GDP falls it shrinks the economy e
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