Explain the Different Types of Market Structures There is a spectrum of markets structures that exist. At one extreme you have the monopoly structure‚ where the market is dominated by one company with little competition. At the other end of the spectrum you have perfect competition‚ where the market is made up of about 100 small companies who would own about 1% of the market each. Towards the middle of the spectrum you have the oligopoly structure where the market is of about 4-10 companies who
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M1 Types of outlet Local Shops – shops located at local area‚ such as near college. An example of local shop is the Cabin‚ Tesco Express‚ One stop. There are advantages and disadvantages of this type outlet. An advantage is that they are convenience for customers. Therefore this increases the local shops’ customer base and profits because more people of that are likely to shop from the local shop‚ because it is easy and comfortable. Furthermore‚ local shops offer more customer service. Another
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1. Joe figures that with overtime he will average 40 hours a week for 52 weeks a year. If his current wage is $15.00 per hour‚ how much will he make per year? Before taxes Joe will make $31‚200. 2. How much would Joe’s wages be in an average month? Joe’s wages would average $2400 per month. 3. Based upon the information in the video‚ Joe has a car payment of $249 per month. The average utilities are: Electricity‚ $79; Gas‚ $49; Water‚ Sewer‚ and Trash‚ $27. In addition‚ Joe is saving
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1.1 Describe the purpose of meetings Meetings have many purposes for why the take place‚ they are an initial way of communicating information with the full team all in one place. They have main functions and structures to why the meetings take place. One purpose of the meeting is to inform other team members of relevant projects and programmes that have been running and the outcome of what they are. Also to inform the meeting of any new developments that may have come up since the last meeting
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Name: HNC Business Tutor Name: Jeremy Oughton Assignment Name: Unit 6: Business Decision Making Unit 6: Business Decision Making Assist in the development of a Commercial Gas Safety Certificate Business Index Introduction Page No. 1.1 Create a plan for the collection of primary and secondary data for a given business problem……..
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Eva Rands Unit 21 P3; Explain possible influences on dietary intake M2; Assess how influences on dietary intake may affect the nutritional health of individuals For P3 I am going to explain possible influences that may affect dietary intake‚ I will make reference to an anorexic with the text in blue. Food is needed for life‚ peoples dietary intake is influenced by different factors which can include; health factors‚ dietary habits‚ lifestyle‚ economic influences‚ socio-cultural influences‚ education
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UNIT 1 ECONOMIC ENVIRONMENT OF BUSINESS Objectives After studying this unit‚ you should be able to : • Define what you mean by “environment” • Classify the complex environmental variable on the basis of objective criteria • Identify the critical elements of economic environment of business • Analyse the interactions between economic and non-economic environment • Explain the impact of economic environment on business management; and • Illustrate your understanding of economic environment
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In this task‚ I am required to explain the factors that positively influence communication and relate them to a health and social care or early years setting. In order for me to gain the best marks possible‚ it is important for me to do some thorough research‚ which will enable me to put forward some strong points‚ in relation to positive communication. Environmental Factors Environmental factors are all about the way in which we differ from each other. Everyone receives information in their own
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Effective communication is very important for all health and social care environments. Effective communication is defined as using verbal speech or non-verbal speech (e.g. sign language) to get another person to acknowledge and understand the point you are trying to get across. Talking slowly‚ clearly and in simple terms is an example of effective communication. (Yourdictionary‚ 2015) Communication involves passing information on and exchanging information with other people. There are different
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Describe the potential effects of discriminatory practice on those who use health and social care services. Discriminatory effects have had a very negative effect on the people that are being cared for. This can make the person who’s being cared for have a low self-esteem and self-identity. It can also make them have negative behaviour such as aggression or criminality‚ disempowerment which can make a person feel less powerful or confident it can also lead to poor health and marginalisation which
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