ASSESSMENT FRONT SHEET LONDON SCHOOL OF COMMMERCE AND IT Programme: BTEC Higher National Diploma (HND) in Business Unit Number and Title: 01 and Business Environment Unit Code-: Y/601/0546 Credit Value: 15 QCF Level: 4 Module Tutor: Bhupinder Singh Email: Bhupinder27@gmail.com Date Set: SCOPE OF THE COURSEWORK Learning outcomes and criteria covered by this assignment: • All pass criteria (P1-P12) • All merit descriptors (M1-M3) • All distinction descriptors
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1st of February 2013 Business organization and management Business size Small business: e.g. Independent service-station‚ restaurant Medium business: e.g. coffee club‚ nando’s Large business: Maccas‚ red rooster‚ kfc Economies of scale; this term refers to the lower costs per unit of output as a result of operating on a larger scale. Question 1. What is meant by economies of scale? Provide 3 examples of typical economies of scale enjoyed by large organizations: a) Coles (big
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Question 1 a. Based on information provided in the question‚ the bonus for the Jane-HW7 manager for the last quarter of 2013 should be $0. The quarterly bonus is determined by two factors: ROA and amount of profits exceeding profit target. During the last quarter of 2013‚ the actual profit is low‚ which is $5‚278. The average total asset of the location is $200‚000. ROA=5‚278÷200‚000=1=2.639% The number is far less than required ROA of 10%. Furthermore‚ the profits ($5‚278) is not exceeding
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Discuss the influence of Rationalism in politics and how it impacts the public’s view of government services. "Rationalism in Politics" was an epitome of the philosophy of Michael Oakeshott on the things of overall viewpoints applied to political glitches in the particular. Philosophies or sensible concepts could not be only enforced on just any society because the basics of that society could certainly change the result is what Oakeshott supposed. For example‚ the notion of "natural rights"
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Business Innovation blank ECO 201 blank October 1 2013 Abstract The 21st century has been marked by increased growth in technological advancement‚ which is a result of the global economy changes that force organizations to strategize on ways through which‚ they can improve their efficiency and thus‚ enhance their competitive advantage. As such‚ productions of timeless brands and changes in business operation structure have become part and parcel of contemporary businesses. However
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What is business mathematics: Business mathematics is mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting‚ inventory management‚ marketing‚ sales forecasting‚ and financial analysis. Mathematics typically used in commerce includes elementary arithmetic‚ elementary algebra‚ statistics and probability. Business management can be made more effective in some cases by use of more advanced mathematics such
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HUMMANITIES 111 Name :Tembakazi Surname : Joseph Student no :3100310 Tutor : Mr Ernst Engelbrecht Date Handed :28-03-2011 “Gilgamesh’s quest ‚success or failure” In the epic we have seen that Gilgamesh was strong ‚ powerful and important
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RITZ CARLTON’S MANAGEMENT OBJECTIVES AND GOALS Ritz Carlton’s Management Objectives and Goals The Ritz Carlton’s mission statement is: “The Ritz Carlton Hotel is a place where the genuine care and comfort of our guests is our highest mission. We pledge to provide the finest personal service and facilities for our guests who will always enjoy a warm‚ relaxed yet refined ambiance. The Ritz Carlton experience enlivens the senses‚ instills well-being‚ and fulfills even the unexpressed wishes and needs
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Managing Business 1.1 Describe the structure and culture of the company and evaluate the inter-relationships between the different process and functions. Answer: Understanding the Structure In a small business‚ employees learn whether the organizational structure provides a stable culture for everyone. For example‚ if a business owner sets up the wrong kind of structure‚ the results can be ineffective communication and slow work processes. A business owner can improve the company culture by
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strictly forbidden and those caught trying to spread any other religion will be harshly dealt with. Expats should avoid openly speaking about religion and should not wear any overtly religious symbols or jewellery. Saudi culture imposes distinct roles based on gender in society‚ and women may struggle to adapt to what they perceive to be misogynistic regulations that‚ for example‚ deny them the right to drive a car or ride a bicycle‚ and insist on their clothes being covered by an abaya (long‚ flowing
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