Internal Planning Factors Planning Factors These are the factors that relate to what is already happening inside the business. This includes how the organisation is changing to cope with new methods of working or new demands made on it‚ such as the introduction of technology or new products or services. It is also a way of considering the new skills that will be needed in the future and those that the existing staffs already have. The gap between the skills already present and those that are needed
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Unit 2 Homework - Template St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously‚ given their limited resources and available technology‚ as they use more of their resources for corn production‚ there are fewer resources available for breeding poultry. Maximum annual output options | Quantity of Corn(pounds) | Quantity of Poultry(pounds)
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describe the main physical and technological resources required in the operation of a selected organisation For this task I will talk about the physical and technological resources in the operation of Marks and Spencer. In an organisation there are factors of production known as human‚ physical‚ financial‚ and knowledge resources. Physical and technological resource. Both this resouces need to be manage carefully in an organisation. Physical resource are the buiding security and maintenance of
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Unit 2- P7 Ratio analysis is a tool brought by individuals used to evaluate analysis of information in the financial statements of a business. The ratio analysis forms an essential part of the financial analysis which is a vital part in the business planning. There are 3 different ways of assessing businesses performance and these are: solvency‚ profitability and performance. Ratio analysis assists managers to work out the production of the company by figuring the profitability ratios. Also‚ the
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Unit 2 Project: Teen Pregnancy Joan Kjer Kaplan University CM220-11 Professor Nelson August 15‚ 2011 The “Big Idea” that I am going to write about is “teenage pregnancy.” The working thesis statement that I have come up with is‚ “Education is one of the best ways to prevent teenage pregnancy‚ educating teenagers could help the teenagers understand all the consequences of becoming a teenage parent‚ and all the advantages that they can have if they just would protect themselves from becoming
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investment What goods and services will be produced? How will these goods and services be produced? Who will consume them? capital money used for an economic purpose‚ such as investment entrepreneur person who organizes other productive resources to make goods and services innovation when an invention becomes usable in a way that has economic value invent to make a new product producer person who makes goods and services risk the chance that things will turn out differently
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P2: Describe the different stakeholders who influence the purpose of two contrasting businesses. What are stake-holders? Stake-holders are any individuals‚ organizations and companies’s interested in the business section and are affected by the business activities. Internal stake-holders are groups within the business; On the other hand‚ External stake-holders are those outside the business‚ for example‚ the community. Internal stake-holders consist of: Owners: Interested in making profit and
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Unit 2 D2 | | | Alexandra Gaskin | Ratio analysis Advantages One advantage of ration analysis is that it can help to show your business financial performance. For example for Brockly stores can use their Gross profit percentage and Net profit margin to find out just the profitability of the business. Also venture capitalist or loaning to business or bankers use Stock turnover‚ Current ratio etc. to see if it is worth will to invest in the business. It helps them to determent the solvency
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about business organisations because they are the objectives to the profit and there is a need for them. The markets need different type of businesses for different products or services and they need different leadership that will mean that the business organisation should be different too. The organisations are existing to provide services or produce something that people want to consume. They are organising the company over the customer need‚ what mean that they are arranging the resources around
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Unit 204 Outcome 1- Understand the purpose of planning communication. 1.1- Explain reasons for knowing the purpose of communications. By knowing the purpose of communication you know how to respond‚ to whether it is designed to start a debate‚ send a message to people or just a general information briefing and know how to interpret the information. It is important for me to know the purpose of communication when I contact another company as I need to find out information and normally very
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