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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and external environment of business and in each case explain five components of the environment. The term business‚ in economic sense means human activities which are performed with the objectives of earning profits. Human activity for earning profit may be in the form of production‚ extraction or purchase of goods for sale. It is expected of business to provide goods and services to the society in an effective manner. Thus‚ in today’s competitive environment‚ survival of business unit is not
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Learning Outcomes Analyze business environments in terms of transformation systems and internal and external environments Identify the most relevant elements of the business environments using PESTLE analysis and Porter’s five forces model Discuss the classical‚ human relations and systems approaches to organizations Describe and compare the various structures that may be used within organizations. The business as a transformation system Transformation Process: Businesses utilize the inputs
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Therefore PepsiCo believe that Nooyi have the ability to help them achieving their corporate goal. Besides that‚ PepsiCo also designed their own organizational structure by using three strategy business units of PepsiCo Americas Foods‚ PepsiCo America Beverages and PepsiCo International to manage their global business by their product categories and geographical locations. These organization structure help PepsiCo to ensure that the information flow within the organizational in different product range and
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According to Doing Business Report 2012‚ the most notable indicator of ease of doing business in France is Enforcing Contract which ranks 6th out of 189 countries (The World Bank 2012). This high rank is driven by the data enforcing a contract average takes 29 procedures‚ 331 days and costs 17.4% of the value of legal claim when a contract breach happens(The World Bank 2012). It is generally appreciated that contract is significant important for doing business such as resolving commercial dispute
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CRIME AND DEVIANCE (SCLY 4) The social distribution of crime and deviance by age‚ ethnicity‚ gender‚ locality and social class‚ including recent patterns and trends in crime Assess sociological explanations of gender differences in crime (21 marks) Statistical evidence clearly suggests that women are less likely to commit crime than their male counterparts. For example in 2010‚ 85% of men were sentenced for indictable offences in comparison to only 5% of females. Men are also more likely
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within 70 years to become the leading far eastern and world’s 2nd largest car manufacturer. Toyota a global business‚ building vehicles in factories on six continents around the world and employing more than a quarter of a million people. The United Kingdom is a key market for Toyota both in terms of sales and manufacturing‚ building two production centres. Toyota’s automotive business‚ including sales finance‚ accounts for more than 90% of the company’s total sales. Toyota totalled 8.81 million
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Abstract #2 Hopper‚ G.S (2006‚ April 1). Protecting Business Method Innovations: Patents Aren’t the Only Way‚ Netanium Strategic Consulting‚ LLC. From‚ http://www.netanium.com/trade_secrets.html When we see commercials or products on a shelf‚ you know that someone at either their home garage or a large corporation came up with the idea. Many products that we buy will have a symbol or a term that says patent pending. This means that the person or company has filed for a patent but it has
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Cultural Differences in Business Business differs from one country to another particularly because of the culture of a country. Cultures in different countries can cause barriers that must be overcome in order to complete a business transaction. Two countries that have diverse cultures comparatively to each other are Canada and the Philippines. These two countries have some differences but they also have some similarities culturally. The exports and imports of both Canada and the Philippines
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framework for doing business‚ by the introduction of the Single Market which eased the movement with the Union and gave incentives for new business plans. Meeting these rules and regulations‚ enterprises are free to choose their strategy as they best consider will lead to success. Environment diversity refers to similarity or distinctive level between environment elements‚ including individuals‚ organizations and social forces which affect the resources. Major consequences of environment diversity impact
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