Internal and External Finances • Internal financial sources: are funds that come from within the business. For example business can sell items it owns that are no longer really needed to free up cash. • External financial sources: are funds found outside the business‚ e.g. from banks giving loans Short term Medium term Long term External • Overdraf • Short-term Loan • Hire Purchase • Mediumterm Loan • Hire Purchase • Leasing • Long-term Loan • Shares • Debentures internal • Trade Credit •
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P5 There are many economic factors that could affect a business; these factors could also affect the stakeholders. A recession and a growth business will be affected‚ the stakeholders affected would be customers‚ suppliers‚ employees and consumers. Inflation is a persistent increase in the general price level of goods and sevices in an economy over a period of time. When the general price level rises‚ each amount products bought from the store decreases as the rate of the product is too high
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P5- Explain how these functional areas are linked in one of these organisations Functional areas are used in many businesses and are very effective as different areas work together to do or produce one thing. Tesco is a multinational company and also have functional areas such as: Human rescores Customer service Administration and support Research and development Finance and department Product operation Each one of these areas have a role to do in all functional areas but every
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P3 In this task I will be explaining the role of advertising agencies in the development of a successful promotional campaign; however I will also be looking closely at what type of media they have been using to make adverts for the X-box one. Microsoft will have two ways of doing their promotional activities‚ such as outsourcing and in-housing. If Microsoft want to success better they will have to choose to outsource which means that they will have to give their promotional work to an advertising
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Job Advert | Description | Company name/logo | This the name of the company you are applying for | Job title | The specific name of the job you are applying for | Date of issue | The date that the job has become available | Job reference | | Location | The location of the branch you are applying at | Salary | the amount of money you will get paid at the end of the month | Hours‚ Days‚ Times | The times you will be working. | Job role | The role you will be doing when
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Employment is vital to any business. Right from the top of the business where managing directors and business owners are employed‚ right down to the bottom of the chain where people sweep the floors. Every person is vital to an organisation. There are many reasons in which owners employ people; here I shall explain some reasons for doing so. A reason for a business owner to employ someone could be to do with expansion of the business. If a company is pretty small but is growing very fast and the
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BTEC Apprenticeship Assessment Workbook Level 2 Health & Social Care 1. COMMUNICATION AND HANDLING INFORMATION 3 The activities in this sequence assess your knowledge and competence in communication‚ including working with those with sensory loss. If you are not taking the unit on sensory loss‚ your assessor may guide you to omit some of the activities that focus on this area. KNOWLEDGE AND UNDERSTANDING These activities assess your knowledge of communication and how to handle
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P6‚ M3 In this assignment I will be writing about how stakeholders in two selected organizations of my choice are affected by P.E.S.T.L.E this will show how each one is affected by P.E.S.T.L.E; P olitical E conomic S ocial T echnological L egal E nvironment Definitions: Political Factor- An activity related to government policy and its administrative practices that can have an effect on something. Most business operators will keep a watchful eye on any political factor‚ such as new legislation or
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‘Describe different types of team and the benefits of teams for an organisation’ Within this assignment‚ I will be describing different types of teams and the benefits that they can have within an organisation. A team is when people come together to complete a goal or target. All of these following teams have their own benefits. Small businesses have small teams‚ this is however still true within Ginelli’s. In these teams all of their views have more of an opportunity to have their thoughts listened
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M1 - Compare the purposes of the different documents used in the selection and recruitment process In this report I will compare the purposes of all different recruitment resources documents used in the selection and recruitment process for a given organisation. Job Specification What the job involves This allows the candidate to fully understand what the job role involves before apply for the job. It allows candidates to figure out if they’re suitable for the requirements which the organisation
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