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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CONTENTS 1. Understanding the Sources of Finance Available to a Business Identify the sources of finance available to a business. Assess the implications of the different sources Evaluate appropriate sources of finance for a business project 2. Understanding the Implications of Finance as Resource within a Business Analyse the costs of different sources of finance Explain the importance of financial planning Assess the information needs of different decision makers Explain the impact of
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Business Resources Natalie-Andrea Ashe 7/1/2014 40055161 Business Resource P1- describe the recruitment documentation used in a selected organisation. P2- describe the main employability‚ personal and communication skills required when applying for a specific job role. P3-describe the main physical and technological resources required in the operation of a selected organisation. M1-explain how the management of human‚ physical and technological resources can improve performance
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is a sociable man who used to enjoy his career as an art teacher and has sold some of his paintings‚ he also enjoys being in the garden of the independent living unit. Whenever possible he likes to look after the plants in the containers on the patio and the indoor plants positioned around the home. Tom shares the independent living unit with two other people. There are full time carers that support the service users with their activities of daily living. Tom lacks the capacity to make informed decisions
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The marketing department was heavily crucial to the success of the iPad‚ as production‚ sales‚ and research/development‚ heavily revolve around marketing. The marketing department find out what customers want‚ and plan advertising to attract them. This makes it a very vital area because if the marketing goes wrong‚ everything else isn’t as effective. If the marketing fails then the production will start producing products which nobody will want to purchase. This will mean ‘Finance’ will have to re-calculate
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UNIT 4P4 NIKE‚ Inc. is the world’s leading innovator in athletic footwear‚ apparel‚ equipment and accessories. The swoosh is the sign of the athletic shoe and clothing manufacturer Nike. It is one of the most recognized brand logos in the world. From humble beginnings to a promising future‚ Nike Inc. has expanded its horizons to every corner of the world. From athletic shoes to sports equipment and from apparel to accessories‚ Nike has revolutionized the sportswear industry. Endorsed by
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2. The Reporting of Injuries‚ Diseases and Dangerous Occurrences Regulations 1995 Under these regulations (often referred to as RIDDOR)‚ certain work-related accidents are reportable by law to the Health and Safety Executive or the local authority. The
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skills • I am trustworthy • I have a smart appearance Weaknesses: • Nervous when speaking in front of groups • I am sometimes shy when I meet people for the first time • My punctuality is sometimes a problem M1 When starting your own business there are many advantages‚ these vary from being your own boss‚ which means you are able to make your own decisions which is very convenient because everything you say goes. You are also able to work at a place that suits you‚ whether it being
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Business Resources Unit 2 Level 3 Task 1 Criteria P1 Describe the recruitment documentation used in a selected organization that you have been studying. Recruitment documentation basically means filling information and personal details about the vacancy that the person is applying for. Recruitment documentation consists of all the copies of application forms and supporting documents‚ and notes from all the panel members as well as regarding that the
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P2- Describe the main employability‚ personal and communication skills required when applying for a specific job role 1. Describe how the following skills are essential for the job role you have identified a) Employability a. E.g. the qualifications needed‚ the experience needed or that you possess that is related to the role‚ the knowledge that is necessary‚ or that you have of products/services that the company offers‚ the experience that is necessary or that you have in that industry‚ how
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