Unit 1 – the Business Environment Assignment 1- Types of Business Task 1 Tesco is a private organisation from the UK. Tesco is a supermarket which provides people with things they need like food and drink. It provides people with both a product and a service. In competition with Tesco are the other three major supermarkets from the UK‚ Morrisons‚ Asda and Sainsbury’s. Sainsbury’s increased its market share over the past year‚ it grew from 16.4% to 16.6% and had a growth of 5.1%. The other retailers
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Support and advice to business There are a number of bodies that provide support and advice to business‚ ranging from the local Chamber of Commerce or Chamber of Trade to government organised helplines‚ covering a range of important areas such as exporting to another country‚ or developing new employment initiatives e.g. the employment of disabled workers. Britain’s mouthpiece for the business community is the Confederation of British Industry (CBI). It exists primarily to voice the views of its
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ECONOMICS AND BUSINESS ENVIRONMENT 1.1) Economic activity and economics (Pp. 14-16) Prosperity: The ready availability of goods and services to fulfil needs. Resources: Land‚ labour and capital. Scarcity: The excess of human needs over what can be produced. Economic activity: occurs when people (consumers‚ managers) make choices to maximise their prosperity using scarce resources. The Science of Economics: is concerned with the study of economic activity. This field is complex
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the local business environment in the Leicester. My chosen business is eastern European restaurant. Product Market This restaurant will be aimed at a niche market for European people who live in Leicester. They are a lot of people from Eastern Europe like Poland‚ Latvian‚ Lithuanian and it will help to me make a profit. I look for European public‚ because I see there are lots of Asian restaurants in Leicester and not many European. Sector and industry changes This business falls into
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AND ECONOMIC ENVIRONMENTS OF BUSINESS 1 Legal‚ Social‚ and Economic Environments of Business Andrew Desjardins American Intercontinental University LEGAL‚ SOCIAL‚ AND ECONOMIC ENVIRONMENTS OF BUSINESS 2 Abstract There are three types of businesses: Sole Proprietorship‚ Partnership‚ and Corporation. Bases on the scenario represented in this paper‚ a sole proprietorship is the smartest decision when starting this business. The inventor
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Table of Contents Introduction 1 Internal Environment 2 Shareholder’s Value Corporate Image Physical Assets & facilities R&D & Technological Capabilities Human Resources 10 External Environment Micro Environment 11 Customers Suppliers Competitor Marketing Intermediaries................................................................................................15 Macro Environment....................................................................................................
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COMM 391 BUSINESS ENVIRONMENT ANALYSIS AND REVENUE MODEL Introduction to Management Information Systems Winter 2013 – Term 2 Learning Objectives For discussion … 1. Describe Porter’s five forces model and explain each of the five forces. 2. Demonstrate how a company can add value by using Porter’s value chain analysis. 3. Describe the major revenue models. COMM 391 - W2013 Term 2 © 2013 – Kafui Monu‚ Y.M. Cheung 3 What is the Most Important Strategy Question
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of different types of organisations and in outcome 1.2 demonstrate the level to which a business organisation meets the goals of different stakeholders and finally in the outcome 1.3 explain the responsibilities of an organisation and tactics used to achieve them. I am also going to give examples based on my own personal experience. Lo1.1 Identify the purposes of different types of organisation Business organisations can be divided mainly into two sectors: The public companies including
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AND LEGAL ENVIRONMENTS FACING BUSINESS OBJECTIVES • To discuss the different goals and functions of political systems • To profile trends in the emergence and diffusion of political systems • To identify the idea of political risk and approaches to managing it • To understand how different political and legal systems affect the conduct of business • To profile trends in the evolution and diffusion of legal systems • To examine the major legal issues facing international business companies
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1.1 Outline ‘guidelines‚ procedures and codes of practice relevant to personal work. There are procedures that need to be followed relating to various aspects of the job including correct procedures to greet visitors‚ answer the telephone‚ dealing with incoming and outgoing mail‚ taking minutes for team meetings as well as other procedures. 1.2 Explain the purpose of planning work and being accountable to others for own work The purpose of planning before attempting any work is to create
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