BTEC IN BUSINESS Level 3 UNIT 2 – Business Resources Assignment 2 Name: P4: Sources of Finance There are two main ways that a business can access financial resources: From within the business (internal source) Can be from the business owner’s savings or from profits From outside the business (external source) There are a number of external sources that can be used to fund a business: Banks/building societies Hire Purchase Leasing Venture Capitalist Factoring Share issues Friends/family
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P3 Explain how businesses are classified using local and national examples For this part of my coursework I am going to find out about three different sectors which are primary‚ secondary‚ tertiary. For each of them I will give two examples for each local and national businesses. Primary Sector The activities of businesses in this sector are all involved with producing or obtaining raw materials or natural products from land or the sea. The main categories are shown in the following
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There are a number of laws and regulations that have been put in place to protect consumers when buying products or services. Businesses must make sure they follow these laws and regulations to prevent possible legal action being taken out against them. These laws prevent the businesses from misleading customers about their goods or services. I am going to explain these laws‚ and explain how they impact of McDonalds and Apple. Sales of Goods Act 1979 The Sale of Goods Act lays down several conditions
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P5 There are many economic factors that could affect a business; these factors could also affect the stakeholders. A recession and a growth business will be affected‚ the stakeholders affected would be customers‚ suppliers‚ employees and consumers. Inflation is a persistent increase in the general price level of goods and sevices in an economy over a period of time. When the general price level rises‚ each amount products bought from the store decreases as the rate of the product is too high
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costs. Managing Business Expenses In this leaflet I will be elaborating on the terms start-up costs and operating costs. I will provide examples for both cases and show the comparison between the two .Having done that I will also provide‚ in detail‚ definitions for both variable costs and fixed costs. Both accompanied by examples. Start-up Costs: Start-up costs are incurred before a business operates to assure the person that they have everything covered to begin their business. Usually‚ when
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Unit 17 Psychology for sports performance Grade: P1 Description: Asses the current psychological skills of a selected sports performer identifying strengths and areas for improvement Coping Score Ari scored 7 in his coping test. This was a moderate score
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UNIT 3: INTRODUCTION TO MARKETING P1 In this task I am going to describe how marketing techniques are used to market products in two organisations I have selected which are Tesco and MacDonald’s. Tesco is an international grocery and a general merchandising retailer in the United Kingdom. It’s the third largest retailer in the world and the second largest by profits. There are Tesco stores in fourteen countries in North America‚ Asia and Europe. Tesco are also known for being the grocery market
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to expand‚ it was vital that the company was running smoothly and they were advertising it properly. Because the company was structured‚ it meant that the employees knew what was expected of them and the work was divided between them. When the business was in its early stages‚ the employees would have had to report back to the owners telling them about customer needs and preferences then the owners would have acted upon it after doing their own research. At the time there wouldn’t have been specific
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P3 – Plan marketing for a micro start-up business that is relevant to customer needs a) Marketing definition and opportunity At East Side we understand that we cannot sell to the whole market‚ but by knowing the size and trends in the market we will be able to assess future opportunities and predict future sales patterns. The people who will buy from us include middle class – professional people‚ these individuals can be either high earners or those on a budget. b) Proposed target marketing
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BTEC Level 3 Nationals Health and Social Care Unit 1- Task 2- Theories of communication Merit Tutor- Jude Good and effective communication is important in a health and social care setting as it: Reduces conflict Poor communication creates misunderstanding for the service user. This can be solved when you communicate effectively by making people understand and fill in the gaps of poor communication. You could also use your good communication skills to solve conflict between any
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