patients. The influence that they hold to the business is that if it wasn’t for the patients there would be no NHS‚ and also if there were no patients or people getting ill or sick they would not have discovered any of the diseases that are around today‚ which means there wouldn’t be as much medication and antibiotics around as there are today. Customers for Cadburys are the ones that have kept them running and helped them make a profit in there business‚ by buying Cadburys chocolate confectionary
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For maximax rule Remox should use option A b. For maximin rule Remox should use option B c. For minimax regret Remox should use option A d. For equal probability criterion rule Remox should use option A Chapter 16: Government Regulation of Business Answers to Applied Problems 2. When there is a shortage in the industry or firm‚ it will definitely result in an under allocation of resources. Under allocation can happen without any shortage. For example‚ if the market is in a monopolistic
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A directive leadership style might be helpful for a manager within a business where their subordinate staff members have jobs that are not particularly specialized and so they need more guidance to avoid uncertainty. Margaret Thatcher Personlighet Straight forward – sometimes almost aggressive Great speaker Self confident
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contrasting business. Stake Holders for Marks & Spencer’s and Pool Hayes Community School: 1. Customers 2. Management 3. Suppliers 4. Employees 5. Owners/Share holders 6. Trade Unions\Employer Associations 7. Local & National Communities 8. Environment 9. Government Customers are the most important stakeholders in Marks & Spencer’s as they are the people that by there products off of them. They have the potential to make the business or break
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Areas include them performing market research both primary & secondary research and establishing product branding plans by promoting the products or the business name for example and placing them in appropriate locations. Businesses uses professional services that they are skilled at to advertise the product‚ service or even the business itself. Services include media buying‚ advertising design‚ and advertising production. Firstly a media buyer is an individual that the advertising agency sends
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fresh and ready made products . Sainsbury’s Bank plc is a british bank owned by the company. The bank provides a range of financial products including insurance‚ credit cards‚ savings and loans Attracting Customers Excellent customer service A business can persuade a customer to keep coming back through good customer service as it ensures they leave with a great impression. Customers will feel valued and important if they are provided with great customer service. In addition‚ the customer will
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different types of business information used by the business organisation that I have chosen for example; verbal‚ written‚ non-verbal‚ non-written‚ multimedia etc. I will also be writing their sources and purposes and analysing the different types of information. I will then evaluate the appropriateness of business information used to make strategic decisions. The business that I have
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type of business‚ purpose and ownership of two contrasting businesses. In this task I will be stating the purposes of two of the contrasting businesses which are a LTD and a PLC. (New Forest Ice Cream and Thorpe Park) First of all I will look at the businesses individually and taking into account which type of business it is and its objectives. There are two main types of a limited company; A public limited company‚ (PLC) is normally a big‚ well-known business. This could be a business who manufactures
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that I would be describing about are recession and growth on the business activities of John Lewis. Growth occurs when more goods are being produced and consumed‚ and also incomes are rising. During growth people spend more money on goods and services as they have more money to spend and also businesses would invest more and hire more labour as it links to increasing demand. Recession however occurs when people involved in business become more cautious so they cut their spending down and also cut
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costs. Managing Business Expenses In this leaflet I will be elaborating on the terms start-up costs and operating costs. I will provide examples for both cases and show the comparison between the two .Having done that I will also provide‚ in detail‚ definitions for both variable costs and fixed costs. Both accompanied by examples. Start-up Costs: Start-up costs are incurred before a business operates to assure the person that they have everything covered to begin their business. Usually‚ when
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