Business Studies Revision- Enterprise Enterprise Almost any business or organisation can be called an enterprise‚ but the term usually refers to any process by which new business is formed and new products and services are created and brought to the market. Enterprises are usually led by an entrepreneur Entrepreneur Individuals who have an idea that they develop by setting up a new business and encouraging it to grow are called entrepreneurs. They take the risk and the subsequent profit that
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uk/commercial-property-to-let/property-37984746.html’] ‚ that will give us enough space to develop the business. There are currently no other sport facilities like this in this area. The idea came from my background in extreme sports/ sports‚ mostly because I couldn’t find all of them in the same place and I had to travel to be able to do it. In this assignment I will show why I think this business is a good idea and why I think that it could be a very successful one in a very short period of time
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Unit 221. 7.1 Locate and select equipment needed for a task. When selecting a piece of equipment‚ I would consider what different methods could be used. For example‚ if a colleague requested a copy of a letter I could use the photocopier‚ or I could scan it into my computer and email them a copy of the document. 7.2 Use equipment following manufacturer’s and organisational guidelines. Equipment within the office needs to be used following any guidelines from the manufacturer/organisation to eliminate
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Objective - To study the effectiveness of business level and the international strategies of IKEA Scope - Business Level Strategies (general): define what business level strategy is‚ explain differences between business level strategies and the risks each strategy has. - Business Level Strategies IKEA: discuss their strategies versus their competitors (if they even have competitors) - Study the prior years of IKEA and see if business has been improving. (Should use accounting for
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Diageo is a business that operates in the beverage industry. To be considered a beverage industry a business must sell beverages. They are based in London which is located in the United Kingdom. They have been in business since 1997 and have a rich heritage before 1997 with other companies. Diageo sells many alcoholic beverages in many countries around the world. They “operate production and distribution facilities that include malting‚ distilleries‚ breweries‚ packaging plants‚ maturation warehouses
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kind of business it is‚ the company will also need to provide the right building facilities. As well as these thing they also include: Sector centre‚ Access to distribution‚ Road/rails/air network- the company will need to make sure that their business is located in an area where customers can get access to it easily. Numbers of staff employed- is also important to think about how many staff you need in the business to carry out the job properly. If there are less staff then the business may not
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documents that are fit for purpose. If the documents are incorrect in some way this can have adverse effect on a business and documents can make a significant contribution to the effectness and efficiency of the business. 2. Use the table below to describe some of the different types and styles of documents that are produced in a business environment‚ and then explain when these different options may be used. Documents When they are used Letters
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Chapter 1 - People in Business Stakeholders Entrepreneur - a person who spots an opportunity and takes the initiative to set up a business to make a profit. Entrepreneur takes a big risk when setting up a business‚ both financial and personal risks. eg; Bill Gates set up Microsoft. Investor - is a person who provides capital to the entrepreneur that she needs to set up and run a business‚ in exchange for return on investment. Dept capital - money returned with interest or Equity finance - return
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P7 Illustrate the financial state of a given business using ratios I have been asked to illustrate the financial state of a given business using ratios‚ to do this I will use accounting ratios to show the financial state of Porcella. One of the ways a business can measure how it is doing is through ratio analysis. Ratios can help Porcella to see how it is doing now and how it compares to last year or the year before and against competitors. For these ratios to be useful‚ they should be compared
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They will analyse the components and the hardware itself then come up with possible solutions. Analysing the situation in which you believe it could be improved. Improvements which could make the business better. Suggested solutions from colleagues and technicians could be taken into action. In a business the systems would eventually go wrong‚ something would happen to it either internally or externally. A phone call would be made to a well-known technician. The technician would make ways and examine
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