documents that are fit for purpose. If the documents are incorrect in some way this can have adverse effect on a business and documents can make a significant contribution to the effectness and efficiency of the business. 2. Use the table below to describe some of the different types and styles of documents that are produced in a business environment‚ and then explain when these different options may be used. Documents When they are used Letters
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P7 Illustrate the financial state of a given business using ratios I have been asked to illustrate the financial state of a given business using ratios‚ to do this I will use accounting ratios to show the financial state of Porcella. One of the ways a business can measure how it is doing is through ratio analysis. Ratios can help Porcella to see how it is doing now and how it compares to last year or the year before and against competitors. For these ratios to be useful‚ they should be compared
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TASK 4 For the business owner‚ the risks must be known and a strategy on how risks will be managed needs to be in place. 4.1 IDENTIFICATION OF RISKS • Strategic risks The risks of having other competitors entering the same market in a short time is high since the capital required is low and no stocks are required. • Compliance risks Laws are constantly changing and new regulations are always emerging which could: • Hinder or change the operations • Increase the costs of overheads • Financial
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Section 1 – Understand how to support the organisation of a business event 1. When organising a business event‚ describe the range of support activities that may be required. The very first task before any business event is making a good plan which should include very clear event objectives and expectations. The plan should also include pre-event activities and tasks as well as such details like who is going to take care of these tasks. Depending on the size of the event‚ striking
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where the market is made up of about 100 small companies who would own about 1% of the market each. Towards the middle of the spectrum you have the oligopoly structure where the market is of about 4-10 companies who each control a big chunk each. Perfect competition describes how a set of companies aren’t big enough to control a big chunk of the economic market. There are 4 market characteristics of a perfect competition include a large number of small firms‚ identical products made sold by all
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i CHAPTER 36: ENVIRONMENTAL CONCERNS LECTURE OUTLINE 36.1 Human Use of Resources A resource is anything from the biotic or abiotic environment that helps meet certain basic human needs. Nonrenewable resources are limited in supply. Renewable resources are not limited in supply. A side effect of resource consumption can be pollution. Land Use Change People need a place to live. Beaches and Human Habitation At least 40% of the world population lives within 100 km of a coastline
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create or reform law in a very small amount of cases. This is because their job is to apply the law. The work that a judge does depends of the level of court in which they work. Superior judges are those in the House of Lords‚ the court of appeal and the high court. The inferior judges are the circuit judges (who sit in the crown court and the county court)‚ recorders (who are part-time judges who usually sit in the crown court) and district judges (who hear small claims and other matters in the
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P7: Outline electronic and non-electronic methods for communicating business information‚ using examples for different types of audience. The first type of information that I am focusing on is written information that is on screen‚ the form of the communication is a PowerPoint presentation which is used electronically to present information to members of staff. In Sainsbury’s they hold meetings regularly and my example of a time is when they had a new product that was coming into their store
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EXERCISE 36 Questions to be Graded 1. The researchers found a significant difference between the two groups (control and treatment) for change in mobility of the women with osteoarthritis (OA) over 12 weeks with the results of F (1‚ 22) = 9.619‚ p = 0.005. Discuss each aspect of these results. Answer: The F value suggests there is a significant difference between the results of the control and treatment groups. The P-value of 0.005 is < the alpha of 0.05.This suggest that the groups are significantly
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|To achieve a pass grade To achieve a pass | | | |grade the evidence must show that the learner|To achieve a merit grade the evidence must |To achieve a distinction grade the evidence | |is able to: |show that‚ in addition to the pass criteria‚ |must show that‚ in addition to the pass and | |evidence must show that the |the learner is able to:
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