influence of two contrasting economic environments on business activities within a selected organisation We are going to investigate the way in which the economic climate has affected Sub Xpress (based in the UK) and BMW (based in Germany). Introduce the two businesses. Inflation Define inflation You need to describe the current inflation rate in the UK. Include a graph. Explain what this means to Sub Xpress Think costs to the business Think prices to the customers Think affordability
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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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Sharna Rose‚ 13VA BTEC National in Level 3 Health and Social Care Unit 6: Personal and Professional in Health and Social Care M2: Assess how the action plan has helped support own development over the duration of the programme M3: Use an example to examine the link between theory and practice Creating action plans and reflective practice has helped me develop both personally and professionally. Through the duration of my health and social care course‚ looking back at the goals I had set myself
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Unit 2 Outcome 1‚ AC 1‚ 2‚ 3- table Complete all columns in the table below. Functions/skills of management Functions/skills of leadership Differences between management and leadership Planning Identifying workloads‚ responsibilities‚ collective goals. Delegating tasks and responsibility and ensuring employees work together to meet personal and workforce goals. Planning Staffing requirements and rota’s Recruitment‚ selection & placement. Training & development. Performance appraisal
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Global non-profit organization Emmaus. Emmaus is a charity; their purpose is to help others by selling clothing‚ furniture etc. They offer people who have troubles a place to stay‚ they offer them a second change. Emmaus is still a private business‚ because they don’t need the money from the government. Emmaus get’s his money by selling stuff. Emmaus is set up by Henri Antoine Groues‚ who bought a big house in France and called it ‘Emmaus’ from here he started to collect old clothing and
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exceed business objectives and raising the customer’s expectation and experience. The manager is in charge of motivating employees and always making sure they are providing consumers with the best of service. Without a manager the employees in Carphone warehouse will be confused and less determined to provide great service to the customers. The manager has a say of the aims and objectives of business. This influences the business financially and affects the reputation of the business. Without
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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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numerous jobs where I was in charge of the finance such as bartending where I was working under pressure where I had to manage money (coins and paper) whilst serving and remembering orders‚ also I had achieved double merit at level 2 in business studies where many of the units consisted of finance content. | Be able Work as a member of a team | I possess
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P7 ‘Madness in the Method’ It is very important in business that individuals have lucrative methods of communication in order to convey important messages‚ and use these methods in order to interact with other businesses and the public. Methods of communication can also be commonly used to advertise and market‚ for example via the use of social networks which advertise to a wide range of individual‚ to through written posters which can be placed up in shop advertisements and on notice boards alike
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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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