will be talking about key stakeholders who influence the purposes of two businesses‚ the business I have chosen are Tesco and Asda. Also I will be talking about the interest of owners‚ customers‚ suppliers‚ employees‚ trade unions and shareholders have in the businesses. Another point I will be talking about is why business have to consider local communities and pressure groups when operating their business. Tesco and Asda key Stakeholders are; Customers: Customers want good quality products
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an effect on something. Most business operators will keep a watchful eye on any political factor‚ such as new legislation or regulatory shifts‚ which could have a substantial impact on how their business operates and its bottom line. Economic Factors- The set of important information that affects a business or an investment ’s value. Various economic factors need to be taken into account when determining the current and expected future value of a business. For a business‚ key economic factors include
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BTEC Level 3 Diploma in Business Question: Unit 3 – Introduction to MarketingBTEC Level 3 Diploma in BusinessP1- describe how marketing techniques are used to market products in two organizations.P2- describe the limitations and constrains of marketing.M1- compare marketing techniques used in marketing products in Two organizations. Answer: P1 - I am going to be talking about how marketing techniques are used to market products in two different organizations.Marketing is the process of understanding
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This is done by customer surveys giving information about what people think about the business and the research and development department taking it on board and informing the administration and support department. Research and development Tesco like to spend allot of their time researching and developing as they want to have the big
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Table 3: Assignment 1.2: P2 - Influence of Stakeholders Name of Organisation B: | Apple | Sector: | | Examples of Stakeholders | How are stakeholders influenced by the organisation? | How is the organisation influenced by the stakeholder? | Customers | The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers
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due to prior commitments‚ such as data entry cleansing‚ and will not interrupt unless it is important. The team members know that periods of time are dedicated to them and their interests; this makes them feel valued (TAFE Queensland 2013‚ p18). 3. Managing contingencies. The best made plans can always go awry due to unforseen circumstances. Managing contingencies or having a back up plan in place for such circumstances can ensure that everyone’s routine doesn’t go off the rails. For example
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|Assignment title: |Business Environment | | |The purpose of this assignment is to: | |Allow you to demonstrate your understanding of a range of business organisations and the factors which impact the operations of these businesses in| |the contemporary world.
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Recruitment Theory In this task I am going to be defining the recruitment process and documentation components. Recruitment is a process in which allows businesses to obtain selected qualified people to attend to a job vacancy. The recruitment process is the steps in order to successfully pick suitable employees that match the specifications. There are typically seven steps included in the recruitment process to ensure the right person is selected: ● ● ● ● ● ● ● Indentify vacancy
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Personal Selling Sales staff can work in many different businesses ‚ they can work in the high street ‚ they can sell cars ‚ clothes ‚ electronics they can also work in call centres and try sell over the phone ‚ you also get some sales staff who work from door to door and do door to door sales. Sales staff is an important roll in all organisations‚ they are the face to the customers they are what drags the customer in and talk them into buying something they are trying to sell‚ the more sales
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Judith Kmetty HRMT215-1403A-04 July 18th‚ 2014 One way to make a small business grow into a big business is to hire great employees. As the human resources professional‚ I will explain how a hiring manager can select the best candidates for a position that matches the needs and culture of an organization. The most important job of a hiring manager is to find the right people for the team. The first part of hiring a person is to know the open position. A list should be made to list the tasks
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