an effect on something. Most business operators will keep a watchful eye on any political factor‚ such as new legislation or regulatory shifts‚ which could have a substantial impact on how their business operates and its bottom line. Economic Factors- The set of important information that affects a business or an investment ’s value. Various economic factors need to be taken into account when determining the current and expected future value of a business. For a business‚ key economic factors include
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P1 – explain different types of business information‚ their sources and purposes. Types of information used by Thorpe Park Written Communication – this involves any type of interaction between people using the written word. It is usually a very formal method of communication and is used both internally and externally by the business. Internally between staff written communication is very common in all businesses‚ including Thorpe Park‚ some examples of internal written communication would be employee
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Requirement to run my business successfully My strength and previous experience My weakness‚ lack of experience and/or skill gap Technical operation skills relating to my product or service Working in a customer service position requires me to have good communication skills and the ability to interact with people in both a polite and professional manner. I think that I have good communication skills so that won’t be a problem and it will help me run the business successfully. I think
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Two businesses on our doorstep NHS Describe the types of business‚ purpose and ownership of two contrasting businesses The National Health Service (NHS) is an organisation in the Public sector‚ this means that it is provided and funded by the government through taxes‚ and it provides a service. It is health care system‚ provided to anyone regardless of age‚ race and income; free of charge to prevent diseases and illnesses. It was founded in 1948 with the aims to improve the quality
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this stat shows that the medium of video is a pretty powerful one and signifies the importance of reaching your audience through the magic of film. is it really enough to just have a website for your business these days? A video format is an important way of letting potential clients into your business‚ helping them get a clear picture of what you are about or how your product works. If created in the right way their impact can be far more powerful than that of any website or still image. Us human
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company for business purposes as they rely on them to keep the demand coming in for supplies. Owners: An owner might be a sole trader or a partnership but it a company‚ the owner will be the shareholders. They are often thought as the most superior stakeholders as they could possibly have put a fraction of their life into setting up the business. They look at themselves as being major risk takers and they like to see share of profit frequently increasing and the value of their business also rising
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UNIT 4P4 NIKE‚ Inc. is the world’s leading innovator in athletic footwear‚ apparel‚ equipment and accessories. The swoosh is the sign of the athletic shoe and clothing manufacturer Nike. It is one of the most recognized brand logos in the world. From humble beginnings to a promising future‚ Nike Inc. has expanded its horizons to every corner of the world. From athletic shoes to sports equipment and from apparel to accessories‚ Nike has revolutionized the sportswear industry. Endorsed by
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as especially within a smaller business like Ginelli’s things needed to be communicated to be able to get information across. These teams are mainly informal which gives more of a relaxed atmosphere. Within a project team most of the time there is one leader and this team is probably only together for short period of time. In a project team they have to work effectively to be able to have their goals reached. Functional teams are within the departments of a business. Departments can include; sales
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P1 Attributes and Barriers P2 Principles of Effective Communication P3 & M1 Barriers Unit 1 Communication and Employability skills Table of Contents Contents Introduction I am working for a company called ICTIB and they have asked to do some research. In my report‚ I will be clarifying thoughtfully why the attributes are valued and also the principles of effective communication. I will be considering the following points to clarify this
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Task 2 Legislation (P2) (M1) The Government produced the legislation ‘Manual Handling regulations 1992’; they produced this legislation to help protect staff and service user from harming themselves. In health and social care settings managers produce a policy to help prevent accidents and harm coming to their staff and the service users who come into the hospital. To help control the legislation certain lifting techniques of patients were banned due to future problems with back problems of staff
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