Chapter 1 - People in Business Stakeholders Entrepreneur - a person who spots an opportunity and takes the initiative to set up a business to make a profit. Entrepreneur takes a big risk when setting up a business‚ both financial and personal risks. eg; Bill Gates set up Microsoft. Investor - is a person who provides capital to the entrepreneur that she needs to set up and run a business‚ in exchange for return on investment. Dept capital - money returned with interest or Equity finance - return
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P4‚ M3 & D2 The two incidents I have chosen are-fire and intruders. Fire can be very unpredictable and is very dangerous. It can quickly multiply its size if not acted quickly. If a fire occurs‚ the main is to let everyone know. This can be done by pressing the fire alarm for everyone to know and another person to ring the emergency services. As being a service provider you must not leave the building unless all the service users are evacuated and safe. Your main priority will be to help the vulnerable
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Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible‚ use an example contract to support your answer (feel free to obscure any confidential information). Four main points that would be included in a contract of employment: Employer’s name: The name of the business you will be working for. (The restaurant group - Chiquito) Main place of work: This is usually the
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Unit 37- P1 Report In this report I will be talking about how my chosen organisation‚ which is Primark‚ uses ethical issues to consider in its every day operational activities. Primark may not have some ethical issues that I will be discussing about in this report‚ but I will talk in detail about how they could use them‚ issues in their business. I will be explaining how Primark’s way of selling affects ethical issues and will be discussing about the things they need to be aware of whilst selling
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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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Business Studies Revision- Enterprise Enterprise Almost any business or organisation can be called an enterprise‚ but the term usually refers to any process by which new business is formed and new products and services are created and brought to the market. Enterprises are usually led by an entrepreneur Entrepreneur Individuals who have an idea that they develop by setting up a new business and encouraging it to grow are called entrepreneurs. They take the risk and the subsequent profit that
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control of instructions (software) stored in its own memory unit‚ that can accept data (input)‚ manipulate data (process)‚ and produce information (output) from the processing. Generally‚ the term is used to describe a collection of devices that function together as a system. Computers can perform four general operations‚ which comprise the information processing cycle. Input Process Output Storage Computer System: Central processing unit (CPU)‚ motherboard‚ input devices‚ output devices‚ power
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Unit 2 DB The Equal Employment Opportunity Commission or EEOC enforces federal laws in regards to discrimination against employees and job applicants alike for businesses of 20 or more employees. Employers are not allowed to discriminate based on race‚ color‚ sex‚ religion‚ disabilities‚ age or genetic information (Editorial Board‚ 2011). They also investigate complaints of sexual harassment. The EEOC was established through the Civil Rights Act of 1964. There are many laws that have to followed
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Describe the benefits and opportunities to the business of using internet marketing within the marketing mix of a selected business.[P4] The question has to be a selected business as I chose‚ Bikroy.com An effective ’Marketing Mix’ including all 7 is a way of identifying a businesses achievements of marketing objectives‚ meeting customer needs‚ is balanced and consistent‚ creates a competitive advantage and matches corporate resources. The 7p’s include: product‚ price‚ place‚ promotion‚ people
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Introduction to the Hospitality (Unit 1/2 BTEC Hospitality) [pic] First edition Issued Monthly Price £1 [pic][pic] [pic] [pic] Dear Reader‚ Welcome to this the first edition of my new “Hospitality in Focus” magazine. I hope you enjoy the information and news it has to offer you. In future editions you can look forward to restaurant reviews‚ specialist articles from‚ Guest reporters
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