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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The Summary of “Managing Oneself by Peter F. Drucker” Nowadays‚ the environment that we live in is unpredictable. Opportunities can come in various times‚ places and ways. If someone have got ambition and smart‚ that person can rise to the top of his/her chosen profession‚ regardless of where he/she started out. In order to manage ourselves‚ we will have to develop ourselves then place ourselves where we can make the greatest contribution and knowing how and when to change the work we do. As
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Managing people re-do Introduction Training and development refers to the practice of learning opportunities to employees to inspire‚ challenge‚ and motivate them to perform the functions of their position to the best of their ability and within standards. Training and development activities provide all involved system of care parties with the tools they need to develop professionally‚ increase their knowledge‚ effectively work with families‚ and build their capacity to perform the tasks associated
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P1:Present the initial business idea using relevant criteria. Unit 36 Introduction And Background In this task I am required to present the initial business idea in order to achieve this task. This task consists of 12 different slides covering up all the required data in order to present my initial business idea. Furthermore my reasons for going into business; ● To make an income. ● To gain control over my own career. ● You have an idea for a business. ● I want to have control over my own
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The company operation roles Answer to the Question no 02 Importance of the business meeting and it is relevant performance Answer to the Question no 03 Range of impact and quality improvement techniques to improve of business and increase the competitive dealing. Information Answer to the question no 01 The role of information in strategic decision-making Answer to the Question no 02 What type of information systems can be used by management and what support the offer Answer to the
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Unit 1 – the Business Environment Assignment 1- Types of Business Task 1 Tesco is a private organisation from the UK. Tesco is a supermarket which provides people with things they need like food and drink. It provides people with both a product and a service. In competition with Tesco are the other three major supermarkets from the UK‚ Morrisons‚ Asda and Sainsbury’s. Sainsbury’s increased its market share over the past year‚ it grew from 16.4% to 16.6% and had a growth of 5.1%. The other retailers
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Information gathering is a key element when you are trying to find some hidden data about someone‚ a company‚ or even a school. In a university‚ I could determine what the internet protocol address range by going to a web browser and typing in WHOIS in the search engine. Afterwards I would click the WHOIS link and it will take me to a screen with a text search box where I would put in the domain name of the university and hit search. Then I should see the results and it will give me the university’s
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Managing and Using Emotions in the Workplace Brad Pagano Southern New Hampshire University Abstract This case study analysis offers an overarching review on managing and using emotions in the workplace. It uncovers the factors that lead to poor management of emotions‚ why the strategic use of emotions in the workplace can be a powerful tool for employees‚ and offers suggestions on methodologies that companies can change their emotional climate. It will also discuss the advantages and
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Unit 9 P1: Describe the promotional mix used by two selected organisations for a selected product/service. Promotional mix for Tesco The promotional mix of a business is how a business attempts to communicate with various target audiences and is a key element in the overall marketing mix. Advertising: Tesco advertise there meal deal effectively‚ they can advertise their product through commercials‚ posters‚ leaflets and billboards‚ which are all effective in getting the message of
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Explain the benefits of knowing the purpose of communication. Communication is key in any business‚ it keeps the productivity of the business high and all colleagues feel part of the team as well as the company if they are being communicating with properly. It is also important to communicate with customers properly via phone‚ email‚ fax etc. By not communicating with customers properly we could lose their business and potentially develop a bad reputation. At Traplet it is extremely important we communicate
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