Level 2 Certificate in Principles of Business and Administration (QCF) QCF [ 600/3451/8] 2 All Units Unit: Principles of personal responsibilities and working in a business environment (level 2) [L/601/7638] Learning Outcome 1: Know the employment rights and responsibilities of the employee and employer 01.01 . Identify the main points of contracts of employment An agreement between an employer and employee that create the starting point of the employment relationship and include
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P3 Compare the way in which at least two organisations of your choice apply the marketing mix (7P’s) to the marketing planning process to achieve business objectives. • Definition of Marketing Mix The Chattered Institute of Marketing defines the marketing mix. “The combination of marketing inputs that affect customer motivation and behaviour these inputs traditionally encompass four controllable variables ‘the 4 Ps”: product‚ price‚ promotion‚ and place. The list has been extended to 7 Ps‚ the
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Recruitment Theory In this task I am going to be defining the recruitment process and documentation components. Recruitment is a process in which allows businesses to obtain selected qualified people to attend to a job vacancy. The recruitment process is the steps in order to successfully pick suitable employees that match the specifications. There are typically seven steps included in the recruitment process to ensure the right person is selected: ● ● ● ● ● ● ● Indentify vacancy
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BTEC National in Business Unit 1- The Business Environment Assignment 1 – Types of Businesses Task P1 The BBC is the largest broadcasting organisation in the world. Its mission statement is to enrich people lives with programs that inform‚ educate and entertain. The BBC has the second largest budget of any UK broadcaster with an operating expenditure of £4.23 billion in 2009/2010. The only UK broadcaster with a larger operating expenditure is British Sky Broadcasting with £5.9 billion (http://en
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conomic S ocial T echnological L egal E nvironment Definitions: Political Factor- An activity related to government policy and its administrative practices that can have an effect on something. Most business operators will keep a watchful eye on any political factor‚ such as new legislation or regulatory shifts‚ which could have a substantial impact on how their business operates and its bottom line. Economic Factors- The set of important information that affects a business or an investment ’s value
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| | | Year | 31/03/2008 | 31/03/2009 | 31/03/2010 | Company | | | | Toyota | | ¥ 140.00 | ¥ 100.00 | ¥ 45.00 | Honda | | ¥ 86.00 | ¥ 63.00 | ¥ 38.00 | | | | | | | | | | | Estimated dividend yield* % | | | | Year | 31/03/2008 | 31/03/2009 | 31/03/2010 | Toyota | | 2.82% | 3.18% | 1.20% | Honda | | 3.02% | 2.74% | 1.15% | | | | | | * A financial ratio that shows how much a company pays out in dividends each year relative
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an organisation to different economic environments. The advice given for D1 on the assessment of ‘evaluate’ applies equally to this criterion. Economic Factors During the economic growth‚ the automobile industry was also growing‚ and Ford’s business expanded rapidly‚ and the demand for their products increased as people could afford luxury goods. During these times‚ customers could afford more so Ford was bringing out newer more expensive models. During the recession‚ Ford sold off its subsidiaries
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important discovery does Wilson make in this chapter? How does he react? Wilson discovers that his wife had an affair. He believes that Myrtle is unworthy. He needs money so he can go out West. 4. What things has Tom discovered about Gatsby’s business dealings? Tom perceives Gatsby as a low-class hustler‚ a bootlegger who will never be able to distance himself from his past. In Tom’s selective mind‚ Gatsby is common and therefore his existence is meaningless. He comes from ordinary roots
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and goals The state of knowledge and ability of organization employees The workforce needs to be able to adapt to changes. Changes in a business happen very regularly and it can affect the way a business is run. Internally a business can look to move into new markets which are successful too able to increase sales and revenue. This could mean expanding a business abroad such as Tesco did and staff needing new skills such as languages/or different roles if they can
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Honda Motor Company‚ Ltd. and Toyota Motor Corporation An Engineering 111 Case Study By James Barbour‚ Daniel Hui‚ Chaereena Sarabian‚ Melissa Shafer‚ Christopher Woo Introduction The automotive industry in the past couple of years has seen its fair share of problems. Following the recession of the economy and the bailout of the American car companies the future of the automotive industry looked pretty bleak. However throughout all the
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