TASK 4 For the business owner‚ the risks must be known and a strategy on how risks will be managed needs to be in place. 4.1 IDENTIFICATION OF RISKS • Strategic risks The risks of having other competitors entering the same market in a short time is high since the capital required is low and no stocks are required. • Compliance risks Laws are constantly changing and new regulations are always emerging which could: • Hinder or change the operations • Increase the costs of overheads • Financial
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Test Notes: Definition: Business: An organised effort of individuals to produce‚ sell‚ for a profit‚ the products that satisfy consumer needs and wants. Entrepreneur: Someone who starts‚ operates and assumes the risk of a business venture in the hope of making a profit. Float a company: When a firm forms a company with shares. The company then applies for a listing on the stock exchange‚ once completed the company can then decide how much shares they want to make available for the general
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to support your answer (feel free to obscure any confidential information). Four main points that would be included in a contract of employment: Employer’s name: The name of the business you will be working for. (The restaurant group - Chiquito) Main place of work: This is usually the employer’s address or it can be the address of where the employee has to work from. (20-21 Leicester Square WC2H 7LE) Working hours: This part contains the amount of hours per week you must work. (40/week) Duties
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on business and marketing? The elements of culture have a profound affect on how we market our products and do business. Even though they may seem invisible at first glance‚ ignoring cultural differences can hurt the marketer’s company and career. The best international marketers not only respect cultural differences‚ but they also understand the origins of these differences and integrate the lessons learned into their marketing strategy. Cultural Knowledge is necessary in global marketing. There
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Unit 2 Business resources Recruiting and retaining the right People Denilson Goncalves Dinis UNIT 2: Business resources Recruiting and retaining the right People Introduction For this assignment I have been asked by the human resources manager to assist him in the preparation for the recruitment of staff in the finance department. This is because they took in the notice that I’m currently studying for an extended diploma in Business. My first task will be to create a visually appealing leaflet
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CYPOP 14‚ 2.1‚ 2.2 2.1 A child’s ability to develop good relationships is an extremely important step on the path to getting the best out of his or her life. There are a number of ways you can support children and young people to make new relationships. These include: • Being a good role model. Children learn by example and one of the best ways you can teach them is through your own behaviour. You must ensure that the relationships you develop with other adults and children themselves are
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Level 2: Unit 203 - Communication and professional relationships with children‚ young people and adults. Question 1 How might your behaviour impact negatively on interactions with children/young people? (1.4 b) It is very important‚ as a Teaching Assistant‚ to communicate effectively with the children you are working with. This includes speaking and listening. Children can pick up from your body language‚ for example crossed arms‚ bored facial expressions that you are not listening
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plan for the collection of primary and secondary data for a given business problem-p1 Data is a plural of datum‚ which is originally a Latin noun meaning "something given". Today‚ data is used in English both as a plural noun meaning "facts or pieces of information". Data is simply a "scientific" term for facts‚ figures‚ information and measurements. Example; People with white hair. Data collection by an organisation can be internal or external. Internal data- Information‚ facts and data
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Applied Ethics “Is it morally impermissible to use animals medically for human sake?” To begin with‚ we have to point out that under which situation is permissible to use animals for human sake. We believe we can only use animals when it exerts constructive and affirmative influence to human beings which means it might save lives and enhance the quality of living on a general basis and most importantly‚ when there is no existing alternative. Using animals medically for human sake is morally
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How can Fleet Management Software Help Construction Companies? Meta description: Construction companies can attain their goals readily via a fleet management software. Have a glimpse of the benefits of installing software in the construction industry GPS technology has undoubtedly revolutionized the world we live in just like the mobile phones. And GPS is now implemented in almost all fields like scientific research‚ fleet management‚ safety concerns‚ healthcare and even leisure activities. Nevertheless
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