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 Aims / Objectives & Mission Statements A business aim is a long term goal. It is something a company is working towards to achieve the target within a certain time. To do this the business would need to use short term goals called objectives to achieve these. These objectives intend to be SMART. (Specific‚ measurable‚ achievable/agreed‚ realistic‚ time) An aim is where the business wants to go in the future‚ its goals. It is a statement of purpose‚ e.g. we want to grow the business into
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Introduction In this assignment I will be focusing on the seven Ps and how they are used in business. I will be explaining what each one is and how it is used in the marketing mix also how the internet has an impact on businesses. Internet marketing Marketing segmentation Market segmentation is the process of dividing a market up into different groups of customers‚ in order to create different products to meet their specific needs. The most obvious type of segmentation is between customers who
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To: From: Title: Importance of standards and protocols in networks Date: A protocol is the set of rules used when computers communicate. In this report I am going to explain the importance of protocols and standards. Network standards and protocols are necessary because different people use different networks therefore they need to have a common platform to communicate to each other. The standards and protocols are like languages – you have to understand them and be able to speak them to
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Intro a. Opportunities to access customers and markets b. Opportunities to improve availability c. Opportunities for business efficiency d. Search engines e. Promotion on websites and links f. How did these benefits help the business to change the marketing mix into 7p’s A. Opportunities to access customers and markets The most plane tickets for KLM are sold online so it is important that the website has a good access. On the website KLM has ticket‚ plane and in-flight information.
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Marketing‚ raising awareness of products and services Definitions Market penetration- its selling a existing a product in a existing store for example a Tesco in Brighton‚ as there are products in the existing store. New product development- new product development is doing research and development on the product‚ for example researching the advantages and disadvantages on the previous product and seeing what improvements could be made. Developing
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Assessment Cover Sheet |Learner Name | | |Course & Unit |BTEC Level 3 Extended Diploma in Information Technology Unit 8: e-Commerce | | | | |
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Strategic planning determines where an organization is going over the next year or more‚ how it’s going to get there and how it’ll know if it got there or not. The focus of a strategic plan is usually on the entire organization‚ while the focus of a business plan is usually on a particular product‚ service or program. There are a variety of perspectives‚ models and approaches used in strategic planning. The way that a strategic plan is developed depends on the nature of the organization’s leadership
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a. You need produce an informative leaflet which includes an explanation of the role of advertising agencies. It should explain the role that Adam & Eve DDB played in at least one of Marmite’s successful promotional campaigns eg Marmite’s Election Campaign‚ Marmite’s Neglect Campaign. Your leaflet should include the following: An explanation of the role of an advertising agency in the development of at least one of Marmite’s successful promotional campaigns. This should include a description of
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In this assignment‚ I will be describing the different types of customers you may meet at a superstore and writing about their needs and expectations. Dear Alan‚ In a superstore‚ there are many different types of customers that you may meet‚ in this email; I will be describing the needs and expectations of an Internal Customer‚ a Disabled customer and a young couple with children. For a quick example‚ a standard customer would expect a clean store and friendly staff‚ where-as a disabled customer
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