| | |BTEC NATIONAL Diploma in Business | | | |2012 - 2014
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BTEC Level 3 Business Unit 2 (Business Resources)- Assignment 5: Preparing financial documents. P6: Illustrate the use of budgets as a means of exercising financial control of a selected company. In this task‚ I’ll be illustrating the use of budgets as a means of exercising financial control of my selected business which is Morrison’s. A budget is a financial plan for the future of business relating to its costs. However a budget is more than just financial numbers. Budgets for incomes/ revenue and
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Kaplan University Unit 1 AB221 Malana Crofoot 01/10/2012 Unit 1: Customer Centric Service When a person owns or operates a business there is an expectation to deal with persons outside of themselves. Knowing this it is best to give those people the best impression possible in order to gain customer loyalty and repeat business. If I owned a business‚ I would try to treat every customer as if they were my first. That first customer is very crucial to a business and should be treated
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* LO2.1‚2.3 compare different leadership styles used in selected organization and assess similarities and dissimilarities of management style applied in such organization * INTRODUCTION * .Define the leadership and leadership styles. * Define the leadership Leading is the process of influencing people to work towards a common goal. The essence of leadership dynamic process in a team where one individual influence the others to contribute voluntarily to the achievement of group task
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Task 3: (P3)‚ (P4) and (P5) Unit 16: Starting Up Your Own Business Business Plan Name of Business: Edas restaurant Name: Sade Business Address: Flat 9 Merstone House‚ Borrodaile Road‚ SW18 2LF Nature of the business & Unique Selling Point: Fresh food and a unique fish. Long-term plans for the business: To expand the business globally Legal status: Partnership
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money to do research. The two examples of the Kraft’s food power brands are Philadelphia and Dairy lea. Theses’ Company bring in a lot of spare money for the company to grow and expand; this is why the Kraft’s food concentrates on theses power brands. 3. Examine Kraft Foods Supply Chain Goal of “exceeding customer expectations in quality of product and service at lowest effective cost”. Explain how EIM is likely to help Kraft to achieve this goal? The EIM is very likely to help because it lets the
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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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segments that are divided will serve as fully functional units that perform stated functions. For example‚ a company’s sales department is a common functional area‚ and the staff in this area would all be focused on selling the company’s products. Explain why functional areas are important to a business? A business’s functional areas are the departments depending upon the company’s management structure that manages the main functional areas of business in a company. Most businesses share the main functional
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knowledge. Xbox don’t use personal selling because they don’t need to pay a salesman to sell their product because they already have a reputation in the market. Perhaps many years ago when the business wasn’t as reputable they may have had door to door sales men or the my have used flyers to get there business known. Apple also don’t use personal selling because they already advertise on TV‚ and also because they already have a very good reputation in the market which means it is not
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However these three categories have been split further into another three sub-categories stating the purposes for travel‚ these are: leisure‚ business and visiting friends and relatives (VFR). Someone travelling for holiday‚ cultural events‚ recreation‚ sport‚ religion and study would be classed as travelling for leisure. Someone travelling for business would be if they were meeting with an overseas client‚ meetings‚ conferences and exhibitions. Visiting friends and family accounts for many trips
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