UNIT 1 ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment
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Task 3: Report on either Resources or Price and Non Price Marketing To be submitted via the Assessment 3 Dropbox on 11BEC Moodle by Friday 7th April at 5pm. Paper copies will also be accepted. This assessment has two parts: 1. Preparation and Research (Not assessed) A. Choose a producer. You are advised to check your choice of producer with the teacher to ensure it is suitable. B. Gather information about the production decisions of your chosen producer. It is expected that information
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Unit 201 Outcome 1: Understand how to plan work and be accountable to others 1.1 Outline guidelines‚ procedures and codes of practice relevant to personal work? There are many guidelines‚ procedures and codes of practice in place which helps me to my job correctly and to a high standard in a professional manor. A procedure within my work place is making sure we report accidents at work in the accident book for health and safety reasons‚ understand where the fire exits are and the fire drill
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Nigerian farmers decided to sue Shell company in Dutch court claiming the oil spills ruined their livelihood. There was serious damage in Niger Delta due to Shell leaking pipelines. Their fish pond‚ farmland and forests in three villages (Goi‚ Aruma‚ Ikot Ada Udo) were all being destroyed. Their villagers want Shell to pay the compensation for their loss and cleanup the damages they made. But Shell rejected the liability claim. Moreover‚ they still blame on the sabotage. Shell lawyer told the court that
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Dante’s Inferno Circles of Hell and Punishments Circle 1: Limbo Dante’s First Circle of Hell is resided by virtuous non-Christians and unbaptized pagans who are punished with eternity in an inferior form of Heaven. They live in a castle with seven gates which symbolize the seven virtues. Here‚ Dante sees many prominent people from classical antiquity such as Homer‚ Socrates‚ Aristotle‚ Cicero‚ Hippocrates and Julius Caesar. Circle 2: Lust In the Second Circle of Hell‚ Dante and his companion
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CONFUCIANISM REPORT KAS2 FOUNDER: Kong Qui or K’ung Fu-tzu or better known as Confucius was born August 27‚ 551 B.C. in Tuo‚ China (during Zhou Dynasty‚ Feudal Era). [1] In the Analects‚ he is said to be born in an aristocratic family but there are those who claim that he was born into poverty. Believes in Taosm but does not teach about his faith. Some say that he is not the founder of Confucianism due to Confucius awareness that he himself is only a transmitter of his teachings which has
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till immediately this is one of the fastest ways of communication in a Tesco shop. The second way of communication in is meeting the also use them a lot because that’s one of the most important things in the business‚ they need to sit and discourse about what’s happening in the business what they need to do to make it better. The biggest and most important communication in Tesco is the verbal interaction with the customers. Written We see written information everywhere on a day to day base
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P2-Exlpain how to build cohesive teams that perform well. For a team to become successful they must progress through different stages of development. Business owners will try to build a cohesive team of employees that will imperative their success‚ teamwork is critical to a business; so many businesses will create team building exercises which will help the teams to build trust‚ ease conflict‚ increase collaboration and build effective communication. Building a cohesive team is important for the
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Questions 1. Apart from Kraft Foods itself‚ give two examples of other organisations that are likely to be involved in their Supply Chain (bringing goods to the final consumer). Kraft foods supply chain will include a company that does cheap but quality milk which will create Kraft’s products also the second supply chain will be a company that supply a large amount of salt which is also need for the products that Kraft creates. Packaging is also an essential for the Kraft’s company. 2. Why
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STRATEGIC MANAGEMENT COURSE NOTES Pearce II and Robinson Jr (1997) define strategic management as “the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives”. Critical tasks: Formulate the company’s mission including broad statements about its purpose‚ philosophy and goals Develop a company profile that reflects its internal conditions and capabilities Assess the company’s external environment‚ including both the
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