services or undertake a new business endeavor. The purpose of a feasibility study is to determine if a business opportunity is possible‚ practical and viable. When faced with a business opportunity‚ many optimistic people tend to focus on just the positive aspects. A feasibility study enables a realistic view at both the positive and negative aspects of the opportunity. A feasibility study is an important tool for making the right decisions. A wrong decision often leads to business failure. For example
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1) Understand how types and methods of assessment are used in lifelong learning. & 1.1) Analysis how types of assessment are used in lifelong learning. Assessment – It is a way of finding out if learning has taken place. It enables the teacher to ascertain if his/her student has gained the required skills‚ knowledge‚ and/or attitudes needed at a given point towards their programme of learning. Types of Assessment: It includes Initial(at the beginning) ‚ Formative (ongoing) ‚ and Summative(at the
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1 2 3 4 GLOBAL BUSINESS ENVIRONMENT 1 ASSIGNMENT 1 2 3 To What Extent Are European Entrepreneurs Seeking To Start New Businesses At ADisadvantage Compared To Their American Rivals? The European Union and the United States are each other’s main trading partners and enjoy the largest bilateral trade relationship in the world. In 2007 their combined economies accounted for nearly 60 % of global GDP‚ approximately 33 % of world trade in goods and 44% of world trade in services
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Unit 222 – Communication in a business environment 1.1 explain why different communication methods are used in a business environment It is important to understand the communication needs of colleagues such as knowing what type of business the organisation is in and maybe specific details about the services or products that they provide. They will also need the skills necessary to do a job well. The purpose of communicating in a business is to send a message to an individual/group of people so that
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CU678 WORK IN A BUSINESS ENVIRONMENT 1.1 The concept of diversity encompasses acceptance and respect. It means understanding that each individual is unique‚ and recognising our individual differences. These can be along the dimensions of race‚ ethnicity‚ gender‚ age‚ physical abilities‚ etc. 1.2 There is a need to be sensitive to the needs of others in all aspects of life including office life. I‚ myself‚ am formally registered disabled by being hard of hearing aid. My line managers have
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TABLE OF CONTENTS TOPIC PAGE Executive Summary 3 Background 4 Economic Environment 5 Social Considerations 6 - 7 Political Considerations 7 - 8 The Industrial Relations Climate 8 - 9 The Current State of the Private Sector 9 -10 Technological and Infrastructural Capabilities 10 - 11 Conclusion 11 Appendix 12 Bibliography 12 EXECUTIVE SUMMARY This report provides an analysis and evaluation of the factors
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MODULE: BUSINESS ENVIRONMENT LEARNING OUTCOME ONE | ASSESSMENT CRITERIA | Understand theorganisational purposes ofbusinesses | 1.1 identify the purposes of different types of organisation1.2 describe the extent to which an organisation meets the objectives of different stakeholders1.3 explain the responsibilities of an organisation and strategies employed to meet them | What is a business? It is a system whose performance is influenced by a whole range of phenomena in its environment. It is
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that deals with the application of various economic theories‚ principles‚ concepts and techniques to business management in order to solve business and management problems. It deals with the practical application of economic theory and methodology to decision-making problems faced by private‚ public and non-profit making organizations. The same idea has been expressed by Spencer and Seigelman in the following words. “Managerial Economics is the integration of economic theory with business practice
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Business Revision Topic 1 – Business Organisation and Environment * What is business activity? Inputs – Land‚ Labour‚ Capital & Enterprise Outputs – Goods or Service & Waste. Processes – Research and development‚ Production‚ Marketing‚ Finance‚ Administration‚ Human Resources. * Functions * Production – the changing of natural resources into a product or service. * Marketing – IT is to do with identifying consumer needs and pleasing them. Eg: Pricing‚ advertising
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Understand how to prepare and maintain a safe and secure environment for children. It is important that checks should be made at the start of everyday or the session to ensure that all equipment and resources are in a good and safe working order. There should also be checks during and after each session. When there is any damaged resources and equipment it should be removed and either discarded or replaced‚ and any faults or concerns should be reported to the staff that is responsible. This could
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