MY BUSINESS PLAN I am just a 17 year old girl‚ and it has been 4 months of the beginning of my college life. But‚ I am very keen to start up my own business so I am planning to open a business in the field of clothing‚ as I love shopping. I would love to create my own brand and work on it to make it successful. VILIVIA CLOTHINGS LTD. It will be a sole proprietor business‚ because I personally resist trusting people‚ on clothing which would initially
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What does the nature of business mean ? Usually‚ when filling out some kind of form‚ "nature of business" refers to the type or general category of business or commerce you are describing. For example‚ if you worked at McDonald’s‚ the nature of your business is food services. "Nature of Business" means what type of business your are doing? like Wholesale‚ Retail or Service‚ Manufacturing‚ Marketing‚ etc. If you want more specific‚ then HBA wholesale‚ Car Service‚ Furniture manufacturing‚ health
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technology introduced. Furthermore‚ training of employees to use the technology will also be costly and time consuming. More so‚ training employees could also lead them to leave the business in order to start up a new business because of the training given by management. Therefore‚ making the productivity level of the business down. If more technologies are changing then more training will be needed and this could lead to further employees leaving their jobs. Also redundancy costs will be increased if
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A budget is how a business manages their money by predicting the amount the company is going to spend. The two types of budgeting our: * Zero budgeting – Urban Fashion will not know how much items is going to cost as the board of directors would not give them a specific amount to spend * Allocated budgeting – Urban Fashion know how much the budget is that they would have to pay things. In economics‚ fixed costs are business expenses that are not dependent on the level of goods or services
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Subsidiary Diploma in BUSINESS Unit Title/No: 4 Business Communication Assignment 1 Deadline Date:………………………………. WHAT YOU WILL LEARN IN THIS UNIT The aim of this unit is to show learners that the collection and management of business information‚ and the successful communication of that information throughout a business‚ is critical for the future prosperity of the organisation. This assignment covers Learning Outcome 1:- Understand different types of business information Grading
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or production depending on the nature of the business.A cash flow is critical because even profitable business can go bankrupt if they do not have enough cash on hand to pay suppliersHaving entered all the known and expected receipts onto our cash flow forecast and all the known and expected payments you now have an overall picture of what the cash position is for the next 13 weeks for your business. You can see where there are likely to be cash shortfalls and surpluses. With this information you can
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OUTCOME 2: Understand how to receive and transfer telephone calls – 2.1 Describe how to identify callers and their needs Identify callers needs Start with open questions‚ use active listening‚ don’t interrupt the caller. Clarification of actual situation/facts Ask pertinent questions‚ go over what the caller has said and ask if this is right. Find out what user knows already Ask what information was previous given‚ have respect for the callers attitude without adopting it. Transition providing
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RIMS INTERNATIONAL SCHOOL OF BUSINESS & TECHNOLOGY SUBJECT NAME: WORKING WITH AND LEADING PEOPLE STUDENT NAME: SAMIR MISTRY BBA SECOND YEAR HIGHER NATIONAL DIPLOMA SAMIR MISTRY WWLP Page 1 Unit Code: 14 Unit Title: Date Issued: 20.10.11 Working With and Leading People Assignment Brief Student ID: Student Name: SAMIR MISTRY Lecturer Name: Date Received: Internal Verifier Name Mr. M Azam Ms. Alankrita Bista Rules and regulations: Plagiarism
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A production concept is the oldest of the concepts in business. Business concerned itself primarily with production‚ manufacturing‚ and efficiency issues. It holds that consumers will prefer products that are widely available and inexpensive. Managers focusing on this concept concentrate on achieving high production efficiency‚ low costs‚ and mass distribution. They assume that consumers are primarily interested in product availability and low prices. This orientation makes sense in developing countries
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Financial Accounts The Assignment Liam O’Brady owns a business selling musical instruments. The following trial balance has been extracted from the books of account at 31 October 2012. Dr Cr £ £ Bank balance 19281 Capital balance as at 1 November 2011 61489 Carriage inwards 480 Carriage outwards 2110 Discounts 664 811 Drawings 28650 Fixtures and fittings – at cost 62200 Fixtures and fitting – provision for depreciation
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