Johnnie’s family farming Cannings fish factory. British Coal mining Plc. Esso petroleum The above examples of business are all involved in different types of activities in the primary sector Secondary sector The secondary sector includes all businesses that manufacture‚ process or assemble products. This sector also covers energy production and the construction
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Unit 45: Business Ethics Unit code: M/601/1024 QCF level: 5 Credit value: 15 credits Aim The aim of this unit is to introduce learners to the concept of business ethics and to examine its relevance when considering business objectives and responsibilities. Unit abstract Most businesses today are concerned about the impact of their activities on the business environment. Ethical concerns and greater consumer awareness have resulted in many businesses promoting their
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standard of living within a country is increasing. It is therefore used as a way of measuring a country’s economic growth. The Business Cycle- there are discernable patterns in these levels over time‚ there will be periods of time when economic activity is rising and other times when the level of economic activity slows down. The Business Cycle The Four Stages of the Business Cycle are: Boom: A period of very fast economic growth‚ with rising incomes and profits. Inflation will rise and there will
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Suppliers and the ordering process The ordering process can sometimes be a source of unnecessary costs. This might happen as OBS deals with too many suppliers and there is no clear ordering policy or guidelines as ordering is not centralised. Thus there are insufficient internal controls against mistakes and/or fraud. Reducing the number of suppliers that OBS deal with can often result in savings‚ especially if it gives you the opportunity to improve relationships with the remaining suppliers and
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Unit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document‚ either onto your computer or a disk • Then work through your Assessment‚ remembering to save your work regularly • When you’ve finished‚ print out a copy to keep for reference • Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My
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Cited: International Business: The Challenge for Global Competition. Ball‚ McCullough‚ Frantz‚ Geringer‚ and Minor. 2004. http://www.seniorjournal.com. Copyright 2000‚ Revised March 16‚ 2004. http://www.parrotbayvillage.com http://www.aarp.com http://www.tamborhills.com/tambor/real/6ovin25/6ovin
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Unit13. Recruitment and Selection in Business. Assignment no: 1 Title: Recruitment Planning Introduction In this assignment I will be explaining the process involved in recruiting planning in Tesco and British gas and explain the implications of the regulatory framework for the process of recruiting and selection in the two organisations. Tesco is one of the most established organisations in the retail industry. Tesco has a lot of stores in the UK which ranges from local shops‚ super markets
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Unit four: Principles of supporting change in a business environment Assessment You should use this file to complete your Assessment. The first thing you need to do is save a copy of this document‚ either onto your computer or a disk Then work through your Assessment‚ remembering to save your work regularly When you’ve finished‚ print out a copy to keep for reference Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly
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Application Exercise (Marks 10) (Assignment to be submitted)(1500 word) (180 min) India’s economy would reap a better demographic dividend and would grow faster in the next decade” As compared to China‚ do you believe India will have a bigger advantage? Elaborate providing reasons for your view. Also‚ examine how your company is gearing up to benefit from the economic Boom in both the countries? India and China are the two fastest growing economies in the world. Currently the economic growth rate
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1.1 Outline ‘guidelines‚ procedures and codes of practice relevant to personal work. There are procedures that need to be followed relating to various aspects of the job including correct procedures to greet visitors‚ answer the telephone‚ dealing with incoming and outgoing mail‚ taking minutes for team meetings as well as other procedures. 1.2 Explain the purpose of planning work and being accountable to others for own work The purpose of planning before attempting any work is to create
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