What is a stake holder in a business? A stake holder in a business is somebody that can affect or be affected by the actions of the business. Businesses have several stake holders each. Anybody associated with a business can be a stakeholder of that business in some way. Who are the stake holders at Morrisons PLC? External Stakeholders- The customers- The customers of Morrisons PLC are a big stakeholder in the company. It is because of the customers that the business is able to function. The customers
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opening soon. Things that the Hilton hotel provides to the customers are accommodations‚ a restaurant where they sell foods and drinks and venues for weddings or parties. Their aims are to attract people to their 5 start hotel‚ and expand on their business in different countries and cities. Westminster Academy Westminster Academy is a public sector and their service to teaching the students and they provide education. Their schools aims towards their Students are to educate them well to be able
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1.1 Organisations can be classified in terms of their business purpose‚ ‘for profit’ or ‘not for profit’ organisations. Organisations that seek to make a profit are mainly private sector businesses which provide goods/services and must make a profit to survive. They can break even or even make a loss for a very short time or they will cease to exist. The main structure of profit seeking organisations includes: 1. SOLE TRADER. Business owned by a single person‚ bearing full responsibility of
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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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wants of their customers and then try to create the product or service to satisfy those needs. Hence why the customer is at the centre of the business and the decision making process. Marketing concept: There are three marketing concepts called the production concept‚ the sales concept and finally the marketing concept. The production concept is where the business mainly concentrates on producing economies of scale in production and distribution of a product or service. In other words‚ this expects that
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BTEC National Certificate/Subsidiary Diploma in IT Portfolio Evidence for Unit 9 – Computer Networks (2010) You MUST provide coursework for ALL of the ‘P’ tasks or you will not pass this piece of work. To gain a Merit you must‚ satisfactorily‚ complete all of the ‘P’ and ‘M’ tasks and gain a Distinction you must‚ satisfactorily‚ complete all of the ‘P’‚ ‘M’ and ‘D’ tasks. The assessment grid attached to this piece of coursework will help you. Section 1: Networks P1/P2/M1 You are working as an
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033 1 Identify the factors that impact on outcomes and life chances for children and young people Social factors Lack of social/friendship networks. Children need friendships to develop their interaction‚ emotional understanding‚ empathy and social skills. Children who lack these networks tend to feel isolated and therefore isolate themselves more. They may suffer insecurities about themselves and be withdrawn and shy. They may struggle to communicate‚ share and understand the needs and feelings
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* LO2.1‚2.3 compare different leadership styles used in selected organization and assess similarities and dissimilarities of management style applied in such organization * INTRODUCTION * .Define the leadership and leadership styles. * Define the leadership Leading is the process of influencing people to work towards a common goal. The essence of leadership dynamic process in a team where one individual influence the others to contribute voluntarily to the achievement of group task
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BTEC First Diploma In BUSINESS Level 2 Vocational Assignment Unit 16 Business Enterprise SCENARIO: P1. Explain how knowledge of personal strengths and weaknesses can be applied to preparing for and contributing to a business When setting up a business you need to have passion‚ confidence and knowing your skills set. The business I intend to set up is a Window cleaning business. There are certain things needed to follow to set up me business and they are Strengths‚ Weaknesses
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BTEC Higher National Diploma in Business Unit 01: Organisation and Behaviour Name: Rahenara Begum Task 1: Understand the relationship between organisational structure and culture What is organisation behaviour? The impact that individuals groups and structure have on behavior within organisation effectiveness is known as Organizational behavior. Understanding the principles of the organisational behavior enables an understanding of how to relate to other members of the organisation. In a competitive
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