P1 describe the type of business‚ purpose and ownership of two contrasting businesses. For this assignment I am going to select two businesses‚ one which will be local and not-for-profit organization and the second will be an international business and for profit. The two businesses I have chosen to use for this task are Asda Stores Ltd. and Welcare‚ Reigate. Type of Business: Asda Stores Limited‚ commonly known as ASDA‚ is the second largest retail store and a national public limited company
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P5: Explain the characteristics of the local business environment In this task‚ I have been asking explain the characteristic of local business environment. I will relate it into the following * Markets * Sector and industry changes * Economic trends * Legal Framework * Markets * Sector and industry changes * Economic Trends * Legal Framework The legal frameworks are all laws and regulation that are made by the government; those laws are made
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P2- describe the different stakeholders who influence the purpose of two contrasting businesses Ralph Thoresby School The school has lots of stakeholders that play a part inside the school this does not always mean that they have to be is shareholders or even that they own the business. A stakeholder can be in this case a student‚ parents‚ teacher‚ head teacher‚ government and the local area and shops. It is just someone that is affected by that business. All of these vary in the amount of influence
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Describe two business sectors you might want to work in if you were an accountant and why? Two business sectors that I might want to work in if I were an accountant would be the IRS and Government Accounting. I think the IRS would be very interesting and I would be curious on how they examine tax payer’s returns‚ confirm and collect taxes‚ enforce tax laws and preparing and analyzing revenue reports. I always said that if for some reason I become an accountant or anything dealing with money I would
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P2- Describe the different stakeholders who influence the purpose of two contrasting businesses In this task I will be describing eight different stakeholders which are; customers‚ employees‚ suppliers‚ owners‚ trade unions‚ employer associations‚ local and national communities and the government. I will be stating what they are‚ who they are‚ why they useful‚ how they influence stake holders on organisation and why they are useful to business I have chosen which is Tesco and The British Heart Foundation
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Table of Contents 1 Introduction to organization environment 4 2 Background of Macdonald 4 3 Strength and weakness of the company 5 3.1 Strengths 5 3.2 Weakness 5 4 MacDonald specific and general environment 6 4.1 Specific environment 6 4.1.1 Customers: 6 4.1.2 Competitors 6 4.1.3 Supplier 6 4.1.4 Strategies partners 7 4.2 General Environment 7 4.2.1 Economic conditions 7 4.2.2 Political / legal conditions 7 4.2.3 Social culture conditions-society‚ education level‚ religion
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P2: Describe the key stakeholders who influence the purpose of two contrasting organizations. Google A stakeholder in a business is any individual or group with an interest in the decisions made by that company. Some of the stakeholders are internal to the business‚ such as its employees. Some are external to the business such as Google users. The key stakeholders in a business are customers‚ suppliers‚ employees‚ local and national communities and government. Employees- employees are one
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Identify the mission‚ objectives and responsibilities of an organisation within its environment The mission‚ values and key objectives of an organisation and assess the influence of stakeholders Mission‚ values and key objectives are of high significance to any organisation. An organisation will state a mission that will describe the function or role it aims to provide in the form of products or services. Although the focus is long term it puts perspective on the short term so that the long-term
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also makes sure that organisations always produce and sell the goods that consumers really want. Asda is engaged in food‚ clothes‚ electronic and furniture selling. Consumers like price competition‚ as it means they can buy goods at low prices and save money. Asda is a large national company that makes a profit and it is private as well. Asda has a limited liability which means that they might lose the money they have invested in a business. This company is an incorporated business and it is also a public
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Unit 1 Business Purposes BTEC Level 2 First Business Assessment Resource Pack Sample learner work and assessor comments Commentary for tutors Sample learner work and assessor comments follow for the assignment A1 Local businesses and industry sectors (P1‚ P2‚ P3‚ M1‚ M2). This unit of work introduces learners to the world of business. All of the target assessment and grading criteria for this assignment have been met (P1‚ P2‚ P3‚ M1‚ M2). This assignment is one of three assignments. The other
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