P3 P3 - Describe how two businesses are organised. Sainsbury’s The purpose of Sainsbury’s is to serve its customers. The primary objective of any business is make money and invest. If it doesn’t do that it can’t exist. Sainsbury’s is a major retailer in grocery and general retailing. As Sainsbury is a profit-based business‚ its maximises their sales and profit‚ expanding to maintain its competitiveness in addition to outshining competitor. Sainsbury’s focus on shareholders with progressive
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owners (now called shareholders) are no longer personally liable for the business debts. This is called limited liability. This means that if the company went out of business and left debts then the shareholders would only lose the money they put into the company. The company would go into liquidation. 2. Provide a better image to the customers who presume the business is more secure. Benefits for the owners The business can still stay small – many ltd businesses only have three or four shareholders
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In today’s business world following a code of conduct‚ making ethical business decisions‚ and being socially responsible are three key factors each company must follow to maintain successful. These three factors are just as important as creating a steady profit‚ establishing business relationships‚ and staying loyal and active with a company’s stakeholders. The perception of a community towards a business can be extremely detrimental to the progress and well
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Organisational Change WOOLWORTHS Description of the business Woolworths Holdings Limited is one of South Africa’s chain of retail stores and one of the largest in the country. Woolworths is also a business which serves as an intermediary between the wholesalers and consumers. Its’ goal is to render a sufficient and effective service to the broader public in order for their needs to be met and satisfied. Woolworths’ mission is to be committed retailers‚ understand and lead their customers through
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Market Structure is defined as the number of firms producing identical products which are homogeneous. In other words‚ it is the factors that influence the interaction of buyers and sellers in a market‚ and also determines changes in price by how different levels of production and selling processes interact together. Market structures are important both to firms and consumers alike‚ because it influences how they (firms and consumers operating within the market or industry) behave in terms of
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employees in this type of situation. Be sure to city your sources in APA formatting. Your researched response is due Day 2. Interaction‚ discussion and engagement with your peers is expected throughout the week. In order to survive in today’s business world‚ it is important to have or acquire some survival skills in the environment that we work in‚ it is also important to be flexible in such a way that when a challenging situation occurs or happens we are ready to withstand it and also do our
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(Master of Business Administration) Subject- Business Statistics Q1. What do you mean by sample survey? What are the different sampling methods? Briefly describe them. Ans. Sample is a finite subset of a population drawn from it to estimate the characteristic of the population. Sampling is a tool which enables us to draw conclusions about characteristics of the population. Survey Sampling describes the process of selecting a sample of elements from a target population in order to conduct
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competitor of IKEA is Pricerite. IKEA is origin from Swedish at 1943. And Pricerite is origin from Hong Kong at 1986. Nowadays‚ IKEA has 349 stores in 43 major countries and city in the world whereas Pricerite has 32 stores in Hong Kong and has expand the business to South China. Although they are origin from different country‚ they are operating in a same category and market. They have the similar idea that is provide a solution of the furniture problem and giving a quality purchase experience to the customers
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The factors influencing individual at work The individual behavior at work according to john ivancevich and Michael Mattson are influenced by different factors like personality‚ perception‚ attitude‚ abilities and skills. Personality Personality usually refers to the characteristics and distinctive traits of an individual‚ and the way how he responds and adjusts to other people and situations‚ personality is influenced though by many factors like heredity‚ family‚ society‚ culture and situation
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Introduction This essay is about Milton Friedman theory relevant to political economy. He lived (1912-2006) ‚ was the twentieth century’s most outstanding advocate of free markets ‚ at that time Keynes’s theory was dominating and he challenged that approach ‚ In 1976 he won the Nobel Prize in economics for his achievements in the field of consumption analysis‚ monetary history and theory ‚his theory is to bring inflation under control and restrict growth in the money supply ‚
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