shopkeeper in London. In 1907 they merged with The Royal Dutch Petroleum Company. 1.1.1&1.1.2 Having a lot of offices/petrol stations all around the world makes them a global business and it’s a private business because it’s not owned by the government. Their goal is to make more money than they spend‚ so Shell is a profit business. Shell is in all three sectors because they dig oil (Primary Sector‚ they produce the oil (Secondary Sector‚ and lastly they sell it as well at their petrol stations. Their
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Business Ethics – Unit 37 Task One Understand the meaning and importance of ethics in the business world Businesses have aims and objectives they wish to achieve to be successful. Operational activities are the things the business does to get there‚ however sometimes businesses make bad decisions that can upset staff‚ customers‚ local people‚ etc. this is why ethics is a very important aspect of business management. Objectives are set as stepping stones which are taken in order for the business
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important in business that individuals have lucrative methods of communication in order to convey important messages‚ and use these methods in order to interact with other businesses and the public. Methods of communication can also be commonly used to advertise and market‚ for example via the use of social networks which advertise to a wide range of individual‚ to through written posters which can be placed up in shop advertisements and on notice boards alike. Electronic Methods of communication Electronic
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Task 1 Describe the type of business‚ purpose and ownership of 2 contrasting types of businesses. Sole Trader A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. Sole trader’s usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. The owner is responsible for everything that goes
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adidas operate with the use of internet marketing and how they’ve coped with the changes of modern marketing in recent years. In addition I will also relate different aspects to different businesses .The following below would be accessed: The main business of the organisation How it uses the internet to market its products or services What role does the internet play in the marketing of these products? First of all‚ modern marketing is the current way of marketing which resolves around customer
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Unit 1- Business Environment Task: P1 Range of different businesses and their ownership You work as a junior researcher for a business magazine and you have been asked to prepare background material for a reporter. The reporter wants you to carry out Investigation into 2 contrasting businesses- one in private sector and the one in public sector or in voluntary sector like charity. You need to write a report covering all your investigation. Note: The private sector company must be a large supermarket
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Every business needs to follow all the employment legislation which is set by the government. It helps employees to be treated fairly. Some of the legislation are; employment relations Act 2000‚ the minimum wage Act 1983‚ health and safety at work act 2015‚ etc. The health and safety act is twin duties because for employee’s health and safety are combined within one act. Businesses follow the legislation as it changes and they train their staffs as follows. It is essential for the business to follow
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Unit 5: Business Accounting Memo TO: Chief Executive Office FROM: SARAH (Finance Manager) PRIORITY: High SUBJECT: Purpose of accounting in Pompomi Incorporated DATE: Monday 18th October 2012 CC: Financial accounting is the means of measuring of the company’s economic performance. The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to prepare financial reports that provide information
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Modern marketing The function In a private sector business operating to generate profit‚ is to attract and keep customers. Customers might be private individuals‚ in customers‚ customers might be private in so called B2C (business to consumer) markets‚ or they may be other businesses in B2B business to business markets. Markets occur wherever goods and services are bought and sold. there is a market for clothes a market for cars‚ there are developed markets and markets for food produce. Wherever
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In this part of assignment‚ I will be explaining the issues a business would need to consider to go online. I have chosen a business called Hot-wishes which my colleges and I are going to do in about 5 month’s time. If this business decided to go online‚ it would need to consider these issues: 1. Planning issues: Suitability of the business for an online operation – Deciding‚ whether it is a good idea to operate our small business online. ‘Hot-wishes’ would decide to go for it as we could increase
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