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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Q1: (a) INTERNAL FACTORS AFFECTING BUSINESS ENVIRONMENT: Companies must endure economic recessions‚ competing businesses stealing their market share and dips in their stock price. However‚ these external factors are not the only problems businesses face. Companies must deal with internal factors as well. Internal issues can create just as many problems as external ones. Sometimes‚ the two types of factors are linked. Employees : The caliber‚ attitude and work ethic of a company’s employees are
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Putting service users at the heart of provision Anti-discriminatory practice is promoted in health and social care settings through putting service users at the heart of provision‚ ‘this means to focus on what the person needs and provide is‚ giving them control and power over their lives‚ rather than just telling them what services are available.’ (Health and Social Care‚ Hodder‚ Rasheed et al‚ page 27‚ 2010) The individual is put at the heart of service provision‚ the health and social care sector
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Analysis of the External Environment of Business In today’s highly competitive market‚ businesses must be aware of the environment in which they operate and the external factors that influence them. These factors can affect the main internal factors of the business and its objectives or marketing strategies. The external environment is rarely stable and many of the external forces can change quickly and dramatically and are usually beyond a firm’s control. Although some external factors can
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Select a restaurant where you have eaten recently. Analyze the atmosphere and physical environment of this service establishment. What image does the environment convey? Were you satisfied with the experience? Did it meet your expectations? Should the owner change anything to make the environment more appealing to customers? I recently ate at Alquimia Bistro Club at Gallery Plaza in Condado. The restaurant is a joint venture between the entrepreneur Tony Hernandez and singer Gilberto Santa
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Multi-disciplinary Working in the Health Service Provision What is multi-disciplinary working? This is the term applied when a team of people work together/jointly in cooperation in order to complete something‚ in this case it would be to implement the best quality/form of care. 45-year-old Mark has been in an accident as he is a victim in an alleged assault. He has fractured his skull after he had been hit with a bat; this then made him turn unconscious for a limited period. Mark had then been
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Maritime Economics & Logistics‚ 2004‚ 6‚ (190–192) r 2004 Palgrave Macmillan Ltd All rights reserved. 1479-2931/04 $30.00 www.palgrave-journals.com/mel BOOK REVIEW The Handbook of Maritime Economics and Business. C. Th. Grammenos ed. LLP: London‚ 2002 Maritime Economics & Logistics (2004) 6‚ 190–192. doi:10.1057/palgrave.mel.9100103 The International Association of Maritime Economists (IAME) celebrated its 10-year anniversary in 2002. During its 10-year of existence‚ it has developed into
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