Renee Canas AB299-01 Unit 4 December 3‚ 2012 Factor | | Tim’s Coffee Shoppe | Starbucks | Dunkin Donuts | | | Score | Comments | Score | Comments | Score | Comments | Quality | | 2 | Survey shows an OK product | 2 | Great coffee | 3 | Good coffee | Location | | 4 | Good location near campus and bus route | 3 | On my way to work | 3 | On my way to work | Brand Recognition | | 2 | Competing with chain recognizable locally | 1 | Recognizable all over | 2 | Popular brand very recognizable
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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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Muscular Strength Muscular Strength A way to test or improve a person’s Muscular strength will be to do some weight lifting. The amount of weight a person can lift will show how much strength the person has. For example if I can lift 15 kg and do 6 reps without struggle this will mean I have a certain amount of muscular strength. If I can’t do the same with 30 kg this will show what level my muscles are at‚ in other words how strong they are. The amount of squats a person can do tests a person’s
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don’t want me to make this mistake. This is why I want to prove to you that I can make my business successful‚ by mentioning how I will prepare to market and sell my products/services. To be able to attract customers‚ I will ensure that I do my market research correctly‚ so I can then know who I will be ideally suited to attract. I will ensure that for my customers‚ I will communicate that makes my business stands out so I can get more customers. I can also get help from market research professionals
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a loss on it product it is producing. Formula to use for break even Breakeven = Fixed Costs Point (Selling Price – Variable Cost Per Unit) £250000 (£1.50 – 70p) 80p = £31500 units E.g.) |0utput |FC |VC |TC |TR |Profit | |0 |£250000
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Unit 2 Task 4 There are many different types of software that a company can use to their advantage. My company can make a massive use of spread sheets‚ for this I will use Microsoft Excel as this is the software that easily available. With this software I will be able create many things including a Cash Flow diagram (Appendix 1). This will allow me to then work out efficiently the costs of the business‚ the income of the business and the cash flow throughout the months. This software will also
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Employment is vital to any business. Right from the top of the business where managing directors and business owners are employed‚ right down to the bottom of the chain where people sweep the floors. Every person is vital to an organisation. There are many reasons in which owners employ people; here I shall explain some reasons for doing so. A reason for a business owner to employ someone could be to do with expansion of the business. If a company is pretty small but is growing very fast and the
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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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Two businesses on our doorstep NHS Describe the types of business‚ purpose and ownership of two contrasting businesses The National Health Service (NHS) is an organisation in the Public sector‚ this means that it is provided and funded by the government through taxes‚ and it provides a service. It is health care system‚ provided to anyone regardless of age‚ race and income; free of charge to prevent diseases and illnesses. It was founded in 1948 with the aims to improve the quality
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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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