Task 1 Describe the type of business‚ purpose and ownership of 2 contrasting types of businesses. Sole Trader A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. Sole trader’s usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. The owner is responsible for everything that goes
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Design and Produce Documents in a Business Environment. There are many different types of documents that can be produced in a business environment. Business cards: These are used to give the customer information on how to contact the company. Fax Document: Another type of document used in business is a Fax document; these are very useful in business and are the fastest ways to transmit documents. These are in paper format‚ either in colour or black and white. Agenda: Agendas tell you what is going
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highest standards of corporate social responsibility in our business activities and dealings with our external and internal customers and the public on a whole. We are guided by the highest of ethical standards in our business decisions and relationships with others by carefully guard our reputation for “honesty‚ integrity and trust”. Our business is committed to providing quality products and services for our customers‚ clients‚ and business partners who we will treat fairly and with respect. We believe
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Unit 1 Exploring Business Activity Assignment 3 P5 In this essay I will be describing how three external factors are impacting upon the business activities and stakeholders of John Lewis and Oxfam. The first of the three external factors I have chosen is the credit crunch. The credit crunch is a decline in the availability of loans or a tightening of conditions required to take out a loan from banks. It also means that there are reductions on the interest rates set up by banks for saving
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Cited: International Business: The Challenge for Global Competition. Ball‚ McCullough‚ Frantz‚ Geringer‚ and Minor. 2004. http://www.seniorjournal.com. Copyright 2000‚ Revised March 16‚ 2004. http://www.parrotbayvillage.com http://www.aarp.com http://www.tamborhills.com/tambor/real/6ovin25/6ovin
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ASSIGNMENT 1: Management and Information Environment Company Profile of Siemens Siemens is a German multinational conglomerate company headquartered in Munich‚ Germany. It is the largest Europe-based electronics and electrical engineering company.[1] Siemens is organised into six main divisions: Industry‚ Energy‚ Healthcare‚ Equity Investments‚ Siemens IT Solutions & Services and Siemens Financial Services. Human Resources Perspective : Siemens 3i Program The human resources perspective
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Apple-Merging Technology‚ Business‚ and Environment 1. What might have happened to Apple if its top executives had not supported investment in iPods? Had Apple’s top executives not supported investing in the iPod‚ Apple Computer‚ Inc. may have not come back from “near oblivion‚” as the textbook described. With MP3 players dominating the music world‚ Apple had a slim chance of becoming the leader of these devices. Focusing on a unique type of MP3 with features unlike others‚ investing in
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Communicate in a business environment Outcome 1 – Understand the purpose of planning communication 1.1 Explain the benefits of knowing the purpose of communication The purpose of communication is for humans and animals to be able to understand each other in different ways and different reasons. It can vary‚ it’s not just verbal. We achieve this by developing our skills since childhood. In this way we can use communication to help us express ourselves‚ meet our needs and learn or explain something
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though‚ while many people do this in their personal life‚ continuous improvement needs to be managed in order to improvement needs to manage in order to flourish in the work environment. Continuous improvement is a ‘programmed‚ and an almost unbroken‚ flow of improvement realized under
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Hershey North America Case Analysis What are the advantages of targeting candy bars to adults rather than to children? Hershey’s specifically targets their products to mothers‚ and for a good reason. Hershey’s believes that mothers determine their children(s) tastes in candy from an early age. If Hershey’s can successfully target mothers who buy their products‚ then their children will grow up eating Hershey’s. Therefore‚ when these children grow older the Hershey’s brand will be embedded in them
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