M3/ Reflect on own experience and use three examples to explain links between theory and practice Honey and Mumford- Learning theory- Brickhill Lower School Learning styles were developed by Peter Honey and Alan Mumford based upon the work of Kolb and they identified four distinct learning styles: Activist‚ Theorist‚ Pragmatist and Reflector. Activists: Activists are those people who learn by doing. Activists need to get their hands dirty‚ to dive in with both feet first. They have an open-minded
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Unit 2: Business Resources P5 Is The Business Profitable? The closing capitals for both years are very similar and propose that not only is the business very profitable but it is also maintaining its financial position within the market. In 2011 the closing capital was £2‚500‚000 and for 2012 the closing capital was £2‚425‚000. This is interesting because as a business progresses you would think that the closing capital would increase not decrease although this is not too large a decrease when compared
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is originated from the Zoological Gardens of the London Zoological Society‚ is collection of wild animals. Because of human’s curiosity‚ it gathered animals as many as possible. Recently‚ zoo is no longer merely display‚ but also has the educational significance. Although it is so meaningful‚ it needs to assume sole responsibility for its profits or losses‚ even the world’s oldest one‚ London Zoo. 1. What are the issues of London Zoo? London Zoo‚ which is the ancestor of the world’s zoo‚ organized
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A business is an organisation that attempts to satisfy the needs and wants of a community by providing goods and services‚ however‚ a business does not exist only to serve the community‚ it also exists to maximise the financial investments of their owners. This is done through the social and economical role of a business. Economic roles are concerned with the financial impacts that the activities of a business have on various groups in the business environment. The economic roles are wealth creation
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Belt Background to farming in London’s Green Belt Farmers future confidence and challenges Opportunities / barriers and solutions 1 Farming in London’s Green Belt Study 2005 Examined current farming activity in London and future activity‚ completed in May 2005 Investigated London farmers connection to local supply chains Investigated farmers future intention Farmers’ Voice Farmers’ Voice is an annual ADAS survey of attitudes & opinions among farmers in England & Wales January 2008 2‚310 replies
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Managerial Economics & Business Strategy Chapter 6 The Organization of the Firm Michael R. Baye‚ Managerial Economics and Business Strategy‚ 5e. Hakan TASCI McGraw-Hill/Irwin Elon University rights reserved. Departmentby © 2006 by The McGraw-Hill Companies‚ All rights reserved. Copyright ©Copyright The McGraw-Hill Companies‚ Inc.Inc. All Spring 2007 2006 of Economics Overview I. Methods of Procuring Inputs Spot Exchange Contracts Vertical Integration II. Transaction Costs
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communications within the business for various reasons. Spread sheet – This is used to calculate‚ store‚ sort and display information. This can be either presented electronically in Microsoft Excel or in books and single sheets. Slide Show – This is normally a Microsoft PowerPoint document and is used for demonstration purposes. There are in electronic format but can be printed out in hand-outs if needed. Memo – This is short note or reminder to someone else within the business. They can be printed
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Business Cycles Business Cycles ► The value of real GDP over time shows periodic fluctuations in its movement ► The business cycle refers to the periodic fluctuations of economic activity about its long term growth trend ► The Business cycle is the more or less regular pattern of expansion (recovery) and contraction (recession) in economic activity around the path of trend growth. At cyclical peak‚ economic activity is high relative to trend At a cyclical trough‚ the low
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Of Mathematics in Business & Economics Introduction: Mathematics have been one of the primary elements of business and economics since ancient times‚ when farmers had to count the animals in their possession and merchants had to have a clear picture of their goods’ value. With the introduction of money as the universal legal tender‚ all goods acquired a numerical value‚ making math calculations even more important. Furthermore‚ in the competitive global market environment of today‚ businesses
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movements. II. Business Activities and the Legal Environment 1. Laws may affect single business transactions A. Laws affect businesses in hiring‚ firiring‚ safety‚ manufacturing‚ marketing‚ bus. Finance and more. i. Breach-To break‚ fail‚ dishonor performance in a contract ii. Laws will affect “payment under contract”‚ insufficient funds‚ disputes‚ management power‚ etc. 2. Ethics and Bus. Decision Making A. Decision makers must decide between good business decision and what
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