the technology in it is ‘the application of knowledge to production’ (Wetherley‚ P 2008). This is because ‘Technology itself cannot do anything. It is how this technology is used that is important’ (Wetherley‚ P 2008) and how people involved in business adopt new technology and exploit its benefits. This means that the actual technology can be complex or simple‚ the defining factor is not ‘In the precise nature of the technology itself but in how it is used and the conditions
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UNIT 4: Business Communication Introduction In this unit I will be required to write a report of the types of communication used within a business. Effective communication is an essential part of a successful business. Communication involves the transmission of information from one place or one person to another; this is because the information is communicated in the form of a message. There are two main forms of business communication: Internal communication‚ i.e. communication within the
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Unit 45: Business Ethics Unit code: M/601/1024 QCF level: 5 Credit value: 15 credits Aim The aim of this unit is to introduce learners to the concept of business ethics and to examine its relevance when considering business objectives and responsibilities. Unit abstract Most businesses today are concerned about the impact of their activities on the business environment. Ethical concerns and greater consumer awareness have resulted in many businesses promoting their
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availability of raw materials‚ shifts in consumer behavior‚ economy‚ or government regulations and unfavorable market trends. SWOT The SWOT analysis helps clarify and summarize the key issue and opportunities facing a company while helping a business set objectives and develop new strategies. The outcome of a SWOT analysis is to maximize strengths and minimize weaknesses in order to take advantage of external opportunities and overcome threats. Below is
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sample error Secondary sources: internet research; government and other published data; by-product data Storage: security of information; data protection issues; ethical issues 2 Understand a range of techniques to analyse data effectively for business purposes Representative values: mean‚ median‚ mode; calculation from raw data and frequency distributions using appropriate software; using the results to draw valid conclusions Measures of dispersion: standard deviation for small and large samples;
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phone maker. Promotional Mix The promotional mix is how a business attempts to communicate with various target audiences and is a key element in the overall marketing mix. There are 6 main points which the promotional mix revolves around‚ these are; * Advertising -Presentation and promotion of ideas‚ goods‚ or services by a sponsor. * Publicity/Public relations - Paid stimulation of supply for a product‚ service‚ or business unit etc. by planting significant news about it or a favorable
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Running head: BUSINESS PLAN NAME Lanes & Games Edwin Shay Kaplan University AB209: Small Business Management Professor Terra Bjorling January 31‚ 2013 Project Deliverables Checklist: (All units) Place a checkmark here as a reminder that you have completed this particular section of your descriptive business plan! ___Unit 2 (Business Description‚ Vision Statement‚ Mission‚ and Motivation Statements) ___Unit 3
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Unit one: Principles of personal responsibilities and working in a business environment Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible‚ use an example contract to support your answer (feel free to obscure any confidential information). - Employer’s name - Employee’s name - Date of commencement of employment - Main place of work
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Unit 2 P4 Describe sources of internal and external finance for a selected business Leasing There are many ways in which Coombe Dean School uses different types of external and internal types of finance. The school aims to save money in any way they can one way of doing this is through leasing. This is where the school hires or rents a piece of equipment instead of paying the full price to buy it. They pay a regular amount for a period of time until they no longer need the equipment or they
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In fast-food corporate America In-N-Out Burger has always remained family-owned. It had no stockholders to respond to and was able to invest in maintaining high standards of quality. Unlike its competitors the chain‚ with 258 stores presently‚ is able to retain its constant growth in sales‚ even in times of recession. The company strongly believes in the importance of highly motivated staff that identifies with the chain’s values and gives them the opportunity to advance. By providing above-average
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