Unit 38: Unit code: QCF Level 3: Credit value: Business and the Economic Environment T/502/5500 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to introduce learners to the interaction between the general economic environment and business activity and how the interactions generate national wellbeing. Learners will study how government activities regulate and influence business activities and how business activities influence government action and policy
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3/20/2013 ERIC KAMAU | P4&M3 | UNIT 36 STARTING A SMALL BUSINESS | P4&M3 | UNIT 36 STARTING A SMALL BUSINESS | Contents INTRODUCTION 2 Proposed legal structure of the business 2 LEGAL ASPECTS 2 Local licenses and regulations 4 The implications for the business in legal aspect (M3) 4 FINANCIAL ASPECTS 5 The implications for the business in financial aspect (M3) 8 INTRODUCTION For this task I have been asked to describe the legal and financial aspects that will
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P3: Describe the potential effects of discriminatory practice on those who use health or social care services. Discrimination has the potential to affect individuals in wide-ranging ways. In health and social care‚ the effects of discrimination can be catastrophic and even end in the death of a service user. Anyone planning a career in health and social care should be aware of the potential negative effects caused by discrimination. We will explore them here. Marginalisation
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P3 Compare the way in which at least two organisations of your choice apply the marketing mix (7P’s) to the marketing planning process to achieve business objectives. • Definition of Marketing Mix The Chattered Institute of Marketing defines the marketing mix. “The combination of marketing inputs that affect customer motivation and behaviour these inputs traditionally encompass four controllable variables ‘the 4 Ps”: product‚ price‚ promotion‚ and place. The list has been extended to 7 Ps‚ the
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P4) demonstrate appropriate interpersonal skills in a health and social care setting. M3) discus own interpersonal skills used in a health and social care setting In this assignment‚ I will be demonstrating how I used my own interpersonal skills in a health and social care setting during my recent work placement. Interpersonal skills are skills that we use every day to communicate and interact with others for examples‚ when we are communicating with people and we use any of the following then we
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Bespoke cupcake co. Set aims and objectives‚ so as to be able to measure their progress towards their stated goals for a particular financial term or business period. Aims indicate where the business wants to be in the future‚ whereas objectives set a clearly defined target for the business. In most businesses‚ plans are drawn up for the business to achieve these aims and targets. And strategic planning is of central importance in giving directions to Dell and Bespoke cupcake co. A strategic plan
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fresh and ready made products . Sainsbury’s Bank plc is a british bank owned by the company. The bank provides a range of financial products including insurance‚ credit cards‚ savings and loans Attracting Customers Excellent customer service A business can persuade a customer to keep coming back through good customer service as it ensures they leave with a great impression. Customers will feel valued and important if they are provided with great customer service. In addition‚ the customer will
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and external environment of business and in each case explain five components of the environment. The term business‚ in economic sense means human activities which are performed with the objectives of earning profits. Human activity for earning profit may be in the form of production‚ extraction or purchase of goods for sale. It is expected of business to provide goods and services to the society in an effective manner. Thus‚ in today’s competitive environment‚ survival of business unit is not
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External Environment of Business The Technological Environment The external business environment consists of four elements‚ they are as follows: Political‚ Economic‚ Social and technological. It would be impossible to analyse the whole environment in one essay‚ I have therefore decided to focus my essay on the technological environment. I have chosen this area to focus on because as Palmer and Hartley point out‚ it is one area that is forcing immense change in the external business environment. The
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The external environment in which businesses operate can have a significant effect on their success. To what extent do you think that the external environment in the UK is favourable for businesses at the moment? Justify your answer with reference to external factors and/or businesses that you know. (40 marks) You must include a plan. 3 ½ pages handwritten. Not petrol? Can argue against in evaluation – favourable for some industries but not others Make a point‚ explain and evaluate (3-4 main
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