Edexcel BTEC Level 3 Extended Diploma in Business Assessment Activity Front Sheet This front sheet must be completed by the learner where appropriate and included with the work submitted for assessment. Learner Name: Assessor Name: Date Issued: Completion Date: Submitted On: Qualification: Edexcel BTEC Level 3 Extended Diploma in Business Unit 2: Business Resources Assignment 1 – Business
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EGT 1 Task II A. Elasticity of demand is the consumer’s response to the change in price. The demand of a product varies with the price. There are three categories of elasticity of demand; elastic‚ inelastic and unit elasticity. Elastic demand is one in which the change in quantity the consumer demands is due to the change in price of the product being larger. Inelastic demand is one in which the change in quantity demanded due to a change in price is small. Inelastic demand usual causes
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To: From: Title: Importance of standards and protocols in networks Date: A protocol is the set of rules used when computers communicate. In this report I am going to explain the importance of protocols and standards. Network standards and protocols are necessary because different people use different networks therefore they need to have a common platform to communicate to each other. The standards and protocols are like languages – you have to understand them and be able to speak them to
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D1: Evaluate the influence different stakeholders exert in the organisation. Introduction Each stakeholder is important to the business‚ however‚ some are more important than others. I have chosen the top three that I think are the most important and in this word document‚ I will evaluate how these stakeholders influence the NHS and McDonalds. McDonalds Owners The owners are very important in McDonalds‚ because they’re the people that invest in the business and make sure that it runs smoothly
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However‚ others are skeptical and fear that these robots will have negative effects on society. In the following paragraphs‚ I intend to discuss both views. To begin with‚ robots speed up the production process and are very good in repetitive tasks. For example‚ it is a well known fact that the leading products made in the developed countries like Japan are made by the help of intelligent machines or robots. What is more‚ robots can be operated 24 hours per a day which can also raise the
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Report A1. Concerns Upon reviewing the Competition Bikes Inc. (CBI) Budget Schedules and ProFormas for Year 9‚ there are a few concerns that should be analyzed. The first is the forecasted sales in units. The forecast for year 9 is 3‚510 units‚ which is a 3.2% increase over the 3‚400 units sold in year 8. The storyline mentions the economic downturn‚ which has led to a decrease in bike sales. It can take some time to recover sales lost during an economic downturn‚ and given that sales were
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BSBWHS401A Implement and monitor WHS policies‚ procedures and programs to meet legislative requirements Assessment Task 2: Work Health and Safety Project Part A: Develop handouts Handout 1: Legislation Explain the purpose of Work Health and Safety legislation‚ including the function of a WHS Act‚ WHS regulation and WHS Code of Practice: Purpose of WHS legislation The principle point of the WHS enactment will be to ’secure the wellbeing Also wellbeing of specialists What’s more workplaces through
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A1- Key Points-Financial Overview- Custom Snowboards‚ Inc. (CSI) is considering if they should expand into Europe and if it is a sound financial decision. They are going to present their financial status to see if they are able to obtain funding for the company to be able to successfully expand themselves into the European market. The growth of sales and increases in revenue has shown to be a substantial percentage. CSI will want to borrow capital funds of $1 million to be able to finance the project
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A1. Custom Snowboards is a company that uses financials to their benefit‚ they would naturally prepare a yearly budget and most likely a five-year budget with expected sales and costs‚ as well as the direction of the company and a growth plan. Custom Snowboards should clean up their financials before pursuing an expansion. A clean-up should begin well in advance to requesting funding for growth or expansion. One way to make the financials look better might be to care less inventory on-hand by
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BTEC Level 3 in Business UNIT 3 - MARKETING ASSIGNMENT 1 P1 Marketing Techniques Graph below shows Ansoff’s Matrix strategies. Market penetration (existing product on existing market). Market penetration uses existing products on an existing market. This strategy tries to achieve growth of sales through encouraging brand loyalty‚ encouraging more purchases‚ taking customers from rivals and converting non-users to users. An example of this strategy is
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