organization P1 * Purpose of Accounting in Business The main aim of any business is to earn profits and also to remain solvent‚ i.e.‚ it should have enough resources to pay its employees‚ creditors and to carry on with the day-to-day activities of the business. The main purpose of accounting system is to prepare financial statements‚ that will help the various external and internal parties of the business to appraise the profitability as well as the solvency of the business. The three main
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A Business Growth and Strategy Project On INFLUENTIAL FACTORS OF INTERNATIONAL BUSINESS AND INTERNATIONAL BUSINESS ENVIRONMENT By: Ankit D Jethani 6937 Business Environment consist of every factors influential to the business operations. These factors are classified into two broad categories. These are: a) External or Uncontrollable
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P2-Explain the implications for the business and stakeholders of a business operating ethically. In this P2 task‚ I will be explaining the implications that Primark’s unethical practice has on itself and on its individual stakeholders. I will start of by introducing Primark’s 7 main stakeholders are and I will also explain how each of these stakeholders is affective by Primark unethical activities. I will now discuss how these stakeholders are affected positively or negatively by Primark’s unethical
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electronic customer Relationship management (ECRM)‚ which are widely used in businesses today. Different types businesses have benefited from internet marketing when it comes to cost‚ And sales‚ instantly millions of people can have access to company/business‚ its products Or services‚ you can do this at any time anywhere in the world. Normally communication Would be done by e-mail reducing cost in telephone calls. This benefits not only businesses That doesn’t have to spend a lot of money on traditional
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Unit 27: Dealing with challenging behaviour P2: 1) Provide an outline of two pieces of legislation/guidance used to deal with challenging behaviour. 2) Explain how each piece of legislation/guidance from P2 (1) is applied when dealing with challenging behaviour The two legislations I will choose to talk about that are used to deal with challenging behaviour are: The children’s Act 1989 The children’s Act 2004 is the altered version of the children Act 1989. The main purpose of this act was to provide
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Unit 5: Business Accounting Memo TO: Chief Executive Office FROM: SARAH (Finance Manager) PRIORITY: High SUBJECT: Purpose of accounting in Pompomi Incorporated DATE: Monday 18th October 2012 CC: Financial accounting is the means of measuring of the company’s economic performance. The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to prepare financial reports that provide information
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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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group who are inquisitive and focused on business. It could be anyone such as an individual‚ bank‚ customer‚ and employee. They also include owners who are focused on how much money the business makes. P2: Marks and Spencer‚ Emaar: The main stake holders for Marks and Spencer are the owners‚ banks‚ suppliers and the customers. The stakeholders for Emaar are the suppliers‚ government‚ trade unions and the owners. The owner are people who own the business and hence they have a word in the final
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| |Unit number and title |Unit 33 – The impact of communication technology on business | |Qualification |BTEC National Business | |Start date |23 09 11
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examples of audio-visual presentations. This also works when you are in a call with someone. It means that the people at the other end of the phone can see you and hear you while you are speaking to them. Audio-visual is used in many business presentations. In a business presentation‚ the presenter provides the audio by speaking‚ and supplements it with a series of
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