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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Taylor Taylor believed that managers of businesses should keep a close control and supervision over their workers. Repressive style of management-mangers are the one who make all decisions themselves. Taylor believe that employees are only motivated by money‚ more paid they get more effective they will be‚ This theories suggest to pay the staff depending on their performance‚ poor performance mean less money and good performance means that they will get a better wage. Tesco and Superdrug goes beyond
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register my business and to research all the laws and regulations I would have to follow when in business and to also understand that there would be serious consequences if I failed to keep the legislation. The outgoings of tax and national insurance‚ if I did not declare my business in the three months expected of starting up‚ to the HMRC and did not complete a tax return form‚ then this would be seen as fraud and if found out I would receive a heavy fine or I could even go to jail. My business would
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Assiment A - Introduction The business i will be talking about is Tesco‚ the background they have dates back to 1919 when the company was first found by the name of Jack Cohen‚ a few market stools is what lead Tesco were they are today. The multinational super store headquarters is based in London‚ Hertfordshire‚ Cheshunt. Having this location is really good because its surrounded by the general public also its ideal to open stores around that area to boost Cheshunts community! As we know‚ Tesco
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Assignment 1 - Business consultancy Task 1 - P1 Job description The job description is very simple; it shows the potential employee the basics of the role that he/she is applying for within the business or organisation. In this case it is an ARK ICT Technician for a school. The Starting Date is whenever the person wants to apply for the job‚ in this case its September 2014‚ the salary is anything from £15k - £20k for a statutory IT Technician and £20k - £28k for a Senior IT Technician. The hors
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compare her achievement through financial methods such as ratio analysis she has managed to obtain some data from her competitor which is called “Polish Cuisine Imports”. They are a direct competitor to Polish Fine Foods as they are also wholesale business importing foods‚ drinks and other products from Poland and selling them to small retailers. The financial information that Ania collected is as follows: Polish Fine Foods Polish Cuisine Imports Difference PFF-PCI Solvency Ratios Current Ratio 1
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Introduction to Business BUSN105 - 1304A - 09 Professor Casey Coots October 11‚ 2013 2 BUSN105: Scenario Abstract This scenario involves a number of competing issues that must be counter-balanced and addressed. First of all‚ on the positive side‚ it is important to note the vast potential opportunities available in this device idea. This device is anticipated to have numerous applications‚ each of which may be very profitable. Thus‚ it is in our best interest to maintain as much
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The business environment In this assignment I will describe the type of business‚ purpose and ownership of two contrasting businesses. NHS The NHS is a public organisation‚ owned by the government to help people with health care‚ injuries‚ infection‚ disease etc. The NHS are a health care system/organisation put together to help the residents living in the U.K. They are owned by the government and the government fund them with equipment‚ facilities‚ staff etc. Also‚ the NHS doesn’t charge us
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switched to alternatives‚ it becomes hard to persuade them to return to buying the initial product when they go shopping again. P&G decided that sophisticated demand chain management‚ establishing direct connections between sales and supply chain business processes‚ could be the key to maintaining its leading position in the consumer packaged goods industry. Thus‚ P&G has implemented “consumer-driven supply network” (CDSN) program into their company where consumer is the boss. P&G’s aim to create
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Voluntary business: Warchild Warchild is a voluntary organisation that operates internationally‚ they work in diffirent country’s and also advertise in different country’s. The reason that Warchild exists are the war’s in Africa and the use of child soldiers in it‚ the founders of Warchild wanted to help them‚ and they wanted to do that on a big scale so therefore Warchild was founded. The products and services of Warchild are being supplied below cost (for free mostly‚ since the (ex-)child
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