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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They will analyse the components and the hardware itself then come up with possible solutions. Analysing the situation in which you believe it could be improved. Improvements which could make the business better. Suggested solutions from colleagues and technicians could be taken into action. In a business the systems would eventually go wrong‚ something would happen to it either internally or externally. A phone call would be made to a well-known technician. The technician would make ways and examine
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P7 Illustrate the financial state of a given business using ratios I have been asked to illustrate the financial state of a given business using ratios‚ to do this I will use accounting ratios to show the financial state of Porcella. One of the ways a business can measure how it is doing is through ratio analysis. Ratios can help Porcella to see how it is doing now and how it compares to last year or the year before and against competitors. For these ratios to be useful‚ they should be compared
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Anne-Marie Milner Nvq level 3 1.1 These set the standards that must be met to ensure that health and safety of all employers and others who may be affected by any work activity. - the health and safety at work act 1974 - The management of health and safety at work regulation act 1999. - The workplace (health and safety and welfare) regulations 1992 . - The manual handling operations regulation 1992. 1.2 Moving and handling of people and objects - personal hygiene - infection
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TASK 4 For the business owner‚ the risks must be known and a strategy on how risks will be managed needs to be in place. 4.1 IDENTIFICATION OF RISKS • Strategic risks The risks of having other competitors entering the same market in a short time is high since the capital required is low and no stocks are required. • Compliance risks Laws are constantly changing and new regulations are always emerging which could: • Hinder or change the operations • Increase the costs of overheads • Financial
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1. Analyzing the Business Decision or Problem: Cluster has been known to offer many benefits to its incumbents such as improving their reputation as well as being able to utilize the large and highly skilled pool of labor and customers. Geographical clustering especially is a major characteristic of industrial development and innovation (Krugman‚ 1991). Research Objective: Analyze the decision that Dr Kuah‚ CEO of Royal Bank of Scotland need to consider on relocating the headquarters from
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Section 1 – Understand how to support the organisation of a business event 1. When organising a business event‚ describe the range of support activities that may be required. The very first task before any business event is making a good plan which should include very clear event objectives and expectations. The plan should also include pre-event activities and tasks as well as such details like who is going to take care of these tasks. Depending on the size of the event‚ striking
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Concordia University Department of Economics ECON 201 MIDTERM EXAMINATION AND ANSWERS Part I. Multiple Choice Questions. Circle the best answers. 1. When a choice is made‚ we call the value of the best alternative choice the a. Implicit choice. b. Accounting cost. c. Opportunity cost. d. Apparent cost. e. None of the above. 2. Which of the following statements is (are) normative? a. If income increases‚ sales of luxury goods will fall. b. When minimum wages are raised‚ unemployment
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T/601/5317 – Thomas Evans It is important to understand a service user as an individual with different skill sets and dislikes so you can get a good idea of how the autistic service user lives his/her life. For example an autistic individual may has sensory issues with noise so you would avoid supporting him/her to a concert and redirect and suggest supporting them with another activity such as a walk in the country side. Finding out what a service user likes and dislikes are important to keep
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P7: Outline electronic and non-electronic methods for communicating business information‚ using examples for different types of audience. The first type of information that I am focusing on is written information that is on screen‚ the form of the communication is a PowerPoint presentation which is used electronically to present information to members of staff. In Sainsbury’s they hold meetings regularly and my example of a time is when they had a new product that was coming into their store
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