P1 Identify the purpose of four different business organisations Name of Business (P1 & P2) | Purpose | Two objectives | Reason for ownership and sector | Size and Number of employees | Scale | Business 1:JD | The purpose is to sell sport related equipment in one place‚ so building a large market. Moreover‚ golfers‚ footballers‚ basketball players etc. can all go to the same shop. However‚ as a business its –purpose- is to make profit‚ and its marketing (is aimed at teenagers and young
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Two businesses on our doorstep NHS Describe the types of business‚ purpose and ownership of two contrasting businesses The National Health Service (NHS) is an organisation in the Public sector‚ this means that it is provided and funded by the government through taxes‚ and it provides a service. It is health care system‚ provided to anyone regardless of age‚ race and income; free of charge to prevent diseases and illnesses. It was founded in 1948 with the aims to improve the quality
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tasks concept. Shaper: Initiator Energizer The Shaper is a dynamic‚ outgoing member of the team; they are often argumentative‚ provocative‚ they push the group towards agreement and decision-making‚ keen to remove barriers and embrace challenges.[1] Completer-Finisher Recorder They are never at ease until they have have checked every detail and made sure that everything has been done and nothing overlooked. It is not that they are overly or irritatingly fussy: their obsession is an expression
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Marketing Techniques P1 & M1 1. Examine the marketing techniques below‚ explain how each of the businesses utilise these marketing techniques to market their products (look at news articles for both businesses) |Marketing Techniques |Business1:Coca-Cola |Business2:Mc Donald’s | | | | | |Growth Strategies
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Unit 7 P1 Direct costs A cost that can be directly related to producing specific goods or performing a specific service. For example‚ the wages of an employee engaged in producing a product can be attributed directly to the cost of manufacturing that product. Variable costs Variable costs means the cost of production (cost of labour‚ material or overhead) that change according to the change in the volume of production units. Combined with fixed costs‚ variable costs make up the total cost of
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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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P1 - To identify the differences between start up‚ operating costs‚ variable costs‚ and fixed costs. Managing Business Expenses In this leaflet I will be elaborating on the terms start-up costs and operating costs. I will provide examples for both cases and show the comparison between the two .Having done that I will also provide‚ in detail‚ definitions for both variable costs and fixed costs. Both accompanied by examples. Start-up Costs: Start-up costs are incurred before a business operates
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Marketing Definition of marketing: The simple definition of marketing is the selling and promoting services or products. Marketing is also defined as meeting the customers’ needs. Effective marketing is based on a number of things for example; the product must reflect lifestyle to suit the customer’s needs; must have some sort of special features to create interest in order for the product to sell; must be a quality product; be affordable and value for money to be successful on the market.
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fdMarketing- P1 The Role of Marketing Definition of Marketing: Marketing is the process in which communication gets the value of the product or service to its customers in order to sell the product or service. This is a technique used to attract customers to the product or service. Marketing satisfies the wants and needs of people through the exchange process. Role of Marketing: Most modern businesses identify the needs and wants of their customers and then try to create the product or service
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P1 Unit 1 Describe the type of business purpose and ownership of two contrasting businesses. The businesses that I choose are Google American cancer society Here are first some important details about the companies that I’ll be writing about: What is google? It is an American multinational corporation specializing in Internet-related services and products. These include online advertising technologies‚ search‚ cloud computing‚ and software. Most of its
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