they get regular customers by giving them loyalty cards‚ promotions such as “buy one get one free”‚ discounts and other special offers. Sainsbury’s are getting regular customers which bring in more profit which then can be used to help expand the business even more. Customers demand cheaper products so local and national stores such as Sainsbury’s will try to have the cheapest products for customers to buy which then encourages competition between the stores‚ whichever store has the cheapest price
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it’s too limit‚ inefficient and always got wrong signal from others. We also will have external influences because we can’t communicate with new customer from different countries. Company cannot be develop and also missing comparative advantage. Business will no longer
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M3 Analyse how evaluating a business event informs future planning. Identify different methods of evaluation‚ e.g. questionnaires for delegates or a debriefing session‚ explaining how they contribute to identifying problems and providing solutions for future events. What is evaluating? Evaluation is an assessment of something or making an observation of the outcome whether good or bad. An example of evaluating is after the Year 8 disco‚ was the year 8 pupil’s filing out an evaluation form on how
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Unit 3: introduction to marketing Task 4 ‚ D1: I will be evaluating the effectiveness of the use of techniques used in marketing products in coca cola . Coca cola . I will be evaluating the effectiveness of marketing techniques used by coca cola. Coca cola. Coca cola company one of the fastest growing multinational in the world‚ history shown that coca cola company has touched so many lives since the second world war . Today coca cola produce around 450 brands in more than 200 countries
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Unit 2 – Investigating Business Resources Assignment 1 ------------------------------------------------- P1 Describe the recruitment documentation used in a selected business. Introduction: In this assignment I will be analysing Microsoft The purpose of Microsoft/ business activity: Microsoft was set up by Bill Gates and Paul Allen (founders) in 1975 their main aim in setting up The purpose of Microsoft is to help make the lives of average people simpler using their fast and efficient
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Task 1 Describe the type of business‚ purpose and ownership of 2 contrasting types of businesses. Sole Trader A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. Sole trader’s usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. The owner is responsible for everything that goes
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Unit 2: The Physiology of Fitness Unit code: R/502/5486 QCF Level 3: BTEC National Credit value: 5 Guided learning hours: 30 Aim and purpose This unit provides an opportunity for learners to explore the body’s response to acute exercise and how the body adapts to long-term exercise participation. Unit introduction You will have no doubt experienced the effects of exercise on your body; your heart beats faster and your breathing rate increases‚ but have you ever wondered
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Introduction: In the following coursework I will be investigating how Nokia market their products and whether these methods of marketing are effective or not. The report will focus on the marketing strategy used by Nokia‚ how Nokia carry out their market research‚ market segmentation and other issues relating to how Nokia market products. The report will identify and research the target market of Nokia and the marketing mix and how these four P’s relate to Nokia. In order to complete this coursework
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that are involved within marketing products. These are: Consumer law is a set of laws put together to ensure the customers are all cared for in the right way and prevent the business to perform in a complaint or rough stage within their business. Sales of goods act 1979 The sales of goods act just implies that the business must ensure all their products are satisfactory and they sell goods to their requirements and it must meet the description. Effects marketing activity as needs to be honest
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is what a business uses to keep track of their finances throughout the previous twelve months. Keeping profit and loss accounts is very important because it helps the business keep track of what they are spending. It is important that a business keeps track of their finances so that they know how much money they expect to come in to the business and if they need to prepare for a drop or rise in profits. Keeping profit and loss accounts allows the business to see what months the business does well
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