Task 1-P5 The main purpose of the trading account is to know the gross profit/loss of the business. According to the trading profit and loss account for Smiths for the year ended 31st December the gross profit is £186‚325. However the trading account is used to see whether the material costs and direct expenses are covered or not. Material costs means the price of the items used to produce the goods for the sale. Direct Expenses means the expenses are linked to the production to make the goods for
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P2- describe discriminatory practise in health and social care. In this part of my work I will be talking about the ways which discrimination is within a health and social care setting. I will be describing the following ways which will be culture‚ disability‚ age‚ race‚ cognitive ability‚ social class‚ gender‚ sexuality‚ health status‚ and also the family structure and status. I will try to describe each one and give an example of how it happens within a health and social care situation. Culture
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shopkeeper in London. In 1907 they merged with The Royal Dutch Petroleum Company. 1.1.1&1.1.2 Having a lot of offices/petrol stations all around the world makes them a global business and it’s a private business because it’s not owned by the government. Their goal is to make more money than they spend‚ so Shell is a profit business. Shell is in all three sectors because they dig oil (Primary Sector‚ they produce the oil (Secondary Sector‚ and lastly they sell it as well at their petrol stations. Their
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Unit 1 - The Information Age Contents Introduction 1. Introduce yourself… My name is… A student at…‚ who is studying… 2. Purpose of this unit The purpose of this unit is to produce an Eportfolio (eBook / ePresentation) what will be used for a time capsule. The intensions is to educate and provide an insight to a generation (audience) 100 years from now‚ about what ICT technologies were available and how they were utilised… 3. Technologies currently used and what is the purpose
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Business Ethics – Unit 37 Task One Understand the meaning and importance of ethics in the business world Businesses have aims and objectives they wish to achieve to be successful. Operational activities are the things the business does to get there‚ however sometimes businesses make bad decisions that can upset staff‚ customers‚ local people‚ etc. this is why ethics is a very important aspect of business management. Objectives are set as stepping stones which are taken in order for the business
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Unit 2 Business resources Recruiting and retaining the right People Denilson Goncalves Dinis UNIT 2: Business resources Recruiting and retaining the right People Introduction For this assignment I have been asked by the human resources manager to assist him in the preparation for the recruitment of staff in the finance department. This is because they took in the notice that I’m currently studying for an extended diploma in Business. My first task will be to create a visually appealing leaflet
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Unit 2: Business Resources P5 Is The Business Profitable? The closing capitals for both years are very similar and propose that not only is the business very profitable but it is also maintaining its financial position within the market. In 2011 the closing capital was £2‚500‚000 and for 2012 the closing capital was £2‚425‚000. This is interesting because as a business progresses you would think that the closing capital would increase not decrease although this is not too large a decrease when compared
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to ensure that business activities are carried out efficiently and are need if a business is to achieve it’s aims and objectives. The main functional areas in a business are: • Production • Research and development • Administration • Customer service • Sales • Marketing • ICT • Human Resources • Finance • Distribution In task 3 I will be explaining how 4 functional areas have a role in the aims and objectives of Tesco. Tesco is a business that always wants
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TESCO Type – Tesco is one of the biggest Supermarket in the UK. It is not a local or a national business as they have shops all around the Europe. Tesco is a global business as it got stores in 14 countries across Asia‚ Europe and North America. Tesco belongs to the private sector which is run by private individuals or groups and is not under the government control. Tesco belongs to the tertiary sector because it provides goods and services to their customers. Purpose – Tesco’s main
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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 to assure the person that they have everything covered to begin their business. Usually‚ when
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