a loss on it product it is producing. Formula to use for break even Breakeven = Fixed Costs Point (Selling Price – Variable Cost Per Unit) £250000 (£1.50 – 70p) 80p = £31500 units E.g.) |0utput |FC |VC |TC |TR |Profit | |0 |£250000
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Unit 301 Manage own performance in a business environment Outcome 1: Understand how to plan and prioritise work and be accountable to others 1.1 The purpose and benefit of planning work is that it gives you a rough estimate of how long the work will take‚ what equipment or resources will be needed to complete the work and what budget will be needed it also makes it easier for you to plan your day to day work. If you are then asked what work you have been doing you can show them therefore being
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Employment is vital to any business. Right from the top of the business where managing directors and business owners are employed‚ right down to the bottom of the chain where people sweep the floors. Every person is vital to an organisation. There are many reasons in which owners employ people; here I shall explain some reasons for doing so. A reason for a business owner to employ someone could be to do with expansion of the business. If a company is pretty small but is growing very fast and the
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will be talking about key stakeholders who influence the purposes of two businesses‚ the business I have chosen are Tesco and Asda. Also I will be talking about the interest of owners‚ customers‚ suppliers‚ employees‚ trade unions and shareholders have in the businesses. Another point I will be talking about is why business have to consider local communities and pressure groups when operating their business. Tesco and Asda key Stakeholders are; Customers: Customers want good quality products
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UKAMi UKAMi MARKETING MANAGEMENT Analyzing Business Markets In this chapter‚ we will address the following questions : 1.What is the business market‚ and how does it differ from the consumer market? 2.What buying situations do organizational buyers face? 3.Who participates in the business-to-business buying process? 4.How do business buyers make their decisions? 5.How can companies build strong relationships with business customers? 6.How do institutional buyers and government
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Unit 3- introduction to marketing In this report I will be choosing two different organisations and discuss the sector that they operate their business objectives. I will also be giving a brief introduction to the marketing techniques and discuss how these are used to market their products. There are three different business sectors. These are private‚ public and voluntary. A private sector is where the company work for profits from their organisation. A public sector is where they give out a service
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This is done by customer surveys giving information about what people think about the business and the research and development department taking it on board and informing the administration and support department. Research and development Tesco like to spend allot of their time researching and developing as they want to have the big
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rang or emailed the manager of the shop to let him/her know about price changes. | Verbal | Phone call-production has rang the shop. | Updating knowledge-The amount of units and time has changed on the delivery. | Internal source of information- Production has rang the sales manager to let him/her know the new time and amount of units for the delivery. | Written | A written check listed for restocking products. | Updating knowledge –s | | Written | Poster- Promoting the launch of the new kit.
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Unit 201 Manage own performance in a business environment 1.1 Outline guidelines‚ procedures codes of practice relevant to personal work There are a number of guidelines and procedures in place to enable me to do my job not only to the best of my ability but in a professional manner. Whilst on the reception area‚ there are procedures that need to be followed relating to various aspects of the job including correct procedures to greet visitors‚ answer the telephone‚ dealing with incoming and outgoing
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Name___ Unit 9 Worksheet – Membrane Potentials Each answer is worth 1 point (20 points total) To complete this worksheet‚ select: Chapter 12: Nervous Tissue Animations Introduction to Membrane Potentials 1. Describe the neuron function. Neurons act to facilitate the transfer of data amongst the body’s cells sustaining homeostasis 2. Contrast graded potentials and action potentials. Graded potentials are electrical signals that have variable amplitude‚ are
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