P5: Explain the legal and ethical issues in relation to the use of business information In this task I am going to explain about each of the legal issues and the ethical issues individually and explain how businesses use these. What is the Data Protection Act 1998? This Act came into force in 1998 and this aims to protect an individual’s right to privacy of their personal data of which is taken and handled by businesses. Personal data does not just mean personal information; it means any data
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PAPER P5 DECEMBER 2011 REVISION PERFORMANCE MEASUREMENT (1) FINANCIAL PERFORMANCE: GROWTH: Revenue / Profits / EBITDA / Market Share PROFITABILITY: Absolute profit / ROCE / Profit margin GEARING: Gearing ratio LIQUIDITY: Current ratio / Net cash flow SHAREHOLDERS: EPS / Share price / PE ratio Always comment on any significant changes (e.g. new issue of shares) and likely reasons/effects (e.g. new investment - therefore possibly more profit in the
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is my own work or‚ in the case of group work‚ the work of myself and the other members of
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ACCA Paper P5 Advanced Performance Management Class Notes June 2011 © The Accountancy College Ltd‚ January 2011 All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise‚ without the prior written permission of The Accountancy College Ltd. 2 Contents PAGE INTRODUCTION TO THE PAPER 5 FORMULAE & TABLES PROVIDED IN THE EXAMINATION
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P5 & M2 In this assignment I am going to describe the influence of two contrasting economic environments on business activities within Boots. I will then compare the challenges to Boots business activities in two different economic environments. Economy is the wealth and resources of a country that is used to produce and consume goods. What makes an economy strong? The output makes an economy strong output is the ability for an economy to produce goods and services to sell. These then create
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for the excitement of having the odds against me. So I think that not being selected wouldn’t be the worst thing in the world. I would move on. There is plenty more out there for me to do. Even the chance to be a nominee is pretty awesome. So‚ thank you for giving me the chance to tell you these things.
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In health and social care there are four ethic principles :- Justice Autonomy Beneficence Non-maleficence The principles were put in place for patients and doctors to make sure that there is respect from both parties‚ so that whilst a patient is in hospital they can make their own decisions about their bodies and what treatment they want to receive‚ even if the doctor doesn’t recommend the treatment they will have to respect the patients decision the only way they can say they can’t do it is
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Unit 3: P5 - Explain how and why groups of customers are targeted for selected products. When targeting a group of customers a business needs to choose an appropriate type of segmentation method. There are 5 types of segmentation that a business can use to target their customers. Demographical: taking a certain segment of the population and grouping them according to categories such as age‚ gender‚ income‚ occupation and so on. Psychographic: when a certain segment of the population is taken and
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P3 plan market research for a selected product/service using appropriate methods of data collection In this task I will plan market research for a selected service in my event management organisation and I will be explaining the methods The research objective I will be focusing on is target market‚ this is essential because the business I have selected is event management specialising in wedding planning and it is necessary that I know the needs and wants of customers from different backgrounds. Defining
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P5 - Describe the influence of two contrasting economic environments on business activities within a selected organisation We are going to investigate the way in which the economic climate has affected Sub Xpress (based in the UK) and BMW (based in Germany). Introduce the two businesses. Inflation Define inflation You need to describe the current inflation rate in the UK. Include a graph. Explain what this means to Sub Xpress Think costs to the business Think prices to the customers
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