statistics. This may help your business because you can compare where your finance is going towards and how other businesses have spent their money. This will allow you to evaluate your performance to your competition. However‚ it is important to do this with similar sized companies otherwise the financial data would be irrelevant. Purpose of information https://prezi.com/nlqn649heqmt/unit-3-operational-support/ Businesses use information for different reasons to make the business perform better. I am going
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a profit and another that doesn’t make a profit‚ in which case I am looking at Tesco a profit making organisation and Oxfam which is a non-profit making organisation. For these two organisations I am going to describe the type of business activity‚ describe the business purpose of each organisation‚ describe the main differences in type of ownership between the two organisations‚ describe the owners’ liability for debts‚ access and research the rationale of the strategic aims and objectives of your
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Forming Stage: The group members introduce themselves one to another; who they are ‚what they do‚ what experience they have got; their area of expertise; what project they have worked on; etc. Samantha then will have to introduce the new project to all of them ‚ its objectives - purposes and what is required of the group. They list out the processes or things‚ which they will have to do in order to complete the project. Storming Stage: Every individual in the group will come up with different ideas
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P1 – explain different types of business information‚ their sources and purposes. Types of information used by Thorpe Park Written Communication – this involves any type of interaction between people using the written word. It is usually a very formal method of communication and is used both internally and externally by the business. Internally between staff written communication is very common in all businesses‚ including Thorpe Park‚ some examples of internal written communication would be employee
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The data protection act is in place to ensure that people and companies that have access to personal information only use it for what they need to‚ to complete their work. This relates to my work in the way that I am not only handing peoples businesses and what’s going on in them but I have people’s personal data to hand. So I know what a lot of what’s going on in people’s private lives‚ so I need to ensure that I keep this data private and not go around making it publicly known knowledge. The data
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Unit 1-P1 Business Ownership. There are several different types of business ownership which are most commonly used in business’ and company’s today‚ these include; Co-operative which is a business owned by its employees‚ Partnership which is a business owned by between 2 and 20 people‚ Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a
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examples of: • A local business • A national business • An international Business • A global business Your examples MUST include a business in each of the private‚ public and voluntary sectors. Your examples MUST include a business in each of the primary‚ secondary and tertiary sectors. Your examples MUST include a sole trader‚ a partnership‚ a private and public limited company and a government run department or agency |Name of business and type of |What products
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Processor speed and type A processor is also known as a CPU which stands for central processing unit‚ is how a computer/laptop functions and this is like the brain of the computer the better the processor is‚ the faster a computer works There are many types of processors you can get these include Single core Dual core Triple core Quad core The best processor on sale has the speed of 13.18GHz and the slowest CPU has the speed of 740Khz. The reason why you need to know the speed of the
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purpose‚ objective and ownership of both organisations. Apple Inc. – Public Sector Purpose: Apples purpose is to provide their customers with the latest technology and gadgets. Apple creates laptops‚ computers‚ phones and other products. Apple’s business structure is tall as it has the CEO at the top. Aims: Apple want to have a large share in the technology market‚ they want to provide customers with technology products. Objective: Recently Apple launched their latest iPhone‚ the iPhone 5s and
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| | |BTEC NATIONAL Diploma in Business | | | |2012 - 2014
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