Describe the type of business‚ purpose and ownership of two contrasting businesses. Type of business The two different companies I will be looking at are Tesco and The British Heart Foundation. Tesco is an organisation which produces profit by selling goods to the general public‚ they usually sell food but now they are gradually bringing in other products‚ for example home décor and clothing. Tesco has different brands within the brand itself‚ for example they have Tesco’s Finest‚ Best of British
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There are two types of organisation structures‚ flat and hierarchal. Flat structure’s chain of command is short by having lots of people report to one managing director. On the other hand the span of control is wide. A business with this type of structure is Nike. A flat structure is also known as a matrix structure. A hierarchal structure’s chain of command is long. This is because fewer people are reporting to the managing director. While the span of control is narrow. A type of business that uses
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Let’s take look at the most common types of business letters: Acknowledgement Letter : This type of letter is written when you want to acknowledge some one for his help or support when you were in trouble. The letter can be used to just say thanks for something you have received from some one‚ which is of great help to you. Apology Letter : An apology letter is written for a failure in delivering the desired results. If the person has taken up a task and he fails to meet the target then he apologizes
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economic development and prosperity” (“Globalization 101”‚ 213). Fundamental changes are occurring around the economic and business world. Countries are no longer isolated from one another‚ and distance‚ language‚ time zones‚ culture‚ regulations and different business systems are no longer as difficult to overcome as they were in the past. There are two essential types of globalization; globalization of markets and of industries. Globalization of markets is the integration of separate markets
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What are the primary internal organization considerations for the development of a strategic plan? Which consideration is the most important? Why? Strategic planning is the process followed by an organization in which it defines its strategies and makes plans for proper allocation of its available resources to achieve its objectives. While developing a strategic plan‚ it is essential to consider the various internal organizational factors in order to help the plan succeed. The internal organizational
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Business Studies A-Level Revision Notes Business Ownership A. Reasons for Owning a Business Advantages • Enjoy higher flexibility and autonomy • Entitled to give orders to employees • Higher profit potential B. Ways to start a business ■ Buying an Existing Business Advantages • Save effort and time in planning‚ analyzing‚ recruiting.. • Avoid look for a location and design plant layout • Provide a network of existing customers‚ suppliers and distributors • Availability of business information
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Miguel Flores Checkpoint: Business Organization A sole proprietorship is a business that is owned by one person only. That one person is the sole owner and makes all decisions on their own. Most sole proprietorships are small business likes restaurants‚ markets‚ and liquor stores. The owner must have knowledgeable business experience or else his business will not be profitable. Most of this shops end up closing up after a couple of years because the sole owner must take in all the losses
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MKG 502M Business Organization and Management Individual Report Ⅱ Organization change and stress management By LIU‚DI Group 3 Mr. Artemio Gesmundo Jr. Sept.2‚ 2012 I. SYNTHESIS Right Management(A leading global communications provider)‚ was facing declining employee engagement and retention of key talent. The business was going through constant changes as it adapted its offerings to the changing economy and‚ as a result
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services or undertake a new business endeavor. The purpose of a feasibility study is to determine if a business opportunity is possible‚ practical and viable. When faced with a business opportunity‚ many optimistic people tend to focus on just the positive aspects. A feasibility study enables a realistic view at both the positive and negative aspects of the opportunity. A feasibility study is an important tool for making the right decisions. A wrong decision often leads to business failure. For example
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Types of Business Letters: Style Modified Block * Type the first line of each new paragraph flush with the left margin for this style. All lines of the body of the letter are flush with the left margin‚ according to English Plus. When you’re typing a letter in modified block style‚ the date and closing of the letter are both placed in center alignment‚ according to Library Online. Skip one line between paragraphs‚ the greeting ---- "Dear _______:" and the body of the letter. When you’ve finished
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