BTEC Level 3 Business Unit 2 Business Resources P3 Theory P3 ‘Describe the main physical and technological resources required in the operation of a selected organisation’. What are physical and technological resources? Physical resources are buildings‚ maintenance and security of a premises. Technological resources include the physical equipment‚ designs and drawings. Physical Resources Buildings and facilities: Any business needs a premise from where it can operate. E.g. Home
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D1: Analyse the marketing decisions within a travel and tourism organisation in relation to the marketing mix and influencing factors Tourism Australia Tourism Australia has not been very successful at times due to the following factors that have made a negative impact on their business occasionally. These factors; political‚ economic and technological issues‚ have also led to certain marketing decisions being made in the business which has strongly impacted on their marketing mix. · Political
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Unit 10 Introduction to marketing research D1-Evaluate the market research method used by Coke Zone. Is the use of research effective‚ modern‚ costly‚ tailored to the needs of the business? The choice of market research that Coke Zone has chosen is a good way of approaching their needs. Having the survey online and actually integrated within their site means not having to pay large fees to survey companies that charge to get results for a company’s survey. It is effective because the survey
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d1 Accounting conventions are the basic rules of accounting which have become acceptable procedures over time. They are the basic rules of accounting. Accounting standards are laws for members of the professional bodies to follow. These are the different accounting conventions and regulations‚ and how they ensure that the financial statements meet their users’ needs. Going concern
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M3 Compare the features‚ strengths and weakness of two successful businesses In this task I will compare the features‚ strengths and weakness of two successful businesses. The two businesses I will look at are:- APPLE & DYSON Feature identified in organisation 1: Dyson have one feature that they are INNOVATIVE‚ this means that they are constantly making new product with new technology and ideas. They also fulfil their customers need Examples of Dyson product are Hand Dryer
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M3 Analyse how evaluating a business event informs future planning. Identify different methods of evaluation‚ e.g. questionnaires for delegates or a debriefing session‚ explaining how they contribute to identifying problems and providing solutions for future events. What is evaluating? Evaluation is an assessment of something or making an observation of the outcome whether good or bad. An example of evaluating is after the Year 8 disco‚ was the year 8 pupil’s filing out an evaluation form on how
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M4 & P6 In a business‚ there are several different types of budgets that has different department/area the business has to make. For example‚ in a business‚ you can find the sales and revenue budget (a financial document that set out the business expected sales and revenue from selling its products or services)‚ the expenditure budget (financial document that sets out the expected expenditures of a monthly basis on those items) and the profit budget (financial documents that sets out the predicted
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attempt to influence Diageo and to what extent they have been successful. Methods To rate Diageo’s stakeholders by their influence‚ helped Diageo’s website page which define their stakeholders as all those who affect or are affected by Diageo’s business. They include internal and external stakeholders. A table in the website page sets out each stakeholder group and examples how Diageo currently engage them. Findings Diageo is a big British multinational alcoholic beverages company based in London
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Learner achievement must be recorded on the Unit summary sheet for multiple assignments (this must include the Level achieved and the overall grade profile and final grade) NB: All learner achievement is provisional until confirmed at the AVA Awards Board Title of Access to HE Diploma: Business Unit title(s): Developing a Marketing Plan Unit code(s): BA1/3/LN/09 Learner: Tutor/Assessor: Zara Bokhari Assignment number: 1 of 2 for this Unit Description of Assignment: The assignment
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BTEC L3 Ext Dip In Business Unit 2 – Task 1 – P2 Introduction For 37 years‚ Ralph Lauren’s reputation and distinctive image have been consistently developed across an expanding number of products‚ brands and international markets. The organization is a leader in the design‚ marketing and distribution of premium lifestyle products in three categories: HOME‚ accessories and fragrances. With expansion into 65 countries‚ Polo Ralph Lauren brands represent approximately $10 billion in global retail
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