P3 Market Research is the process of gathering‚ analysing and interpreting information about a market. You can be talking about a product or service to be offered for sale in that specific market and about the past‚ present and potential customers for the product or service. Market Research Includes: • Primary Research • Secondary Research • Quantitative Research • Qualitative Research • Uses of Market Research • Limitation of Market Research Primary research: This is where there is
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Introduction For this task I was asked to describe how these three factors; political‚ legal‚ social factors impact on my two chosen organisation which are Tesco and Wal-Mart impact on their activities‚ also its stakeholders. Political factor Tax Tax is an important political factor which is compulsory for everyone to pay including my two chosen organisation. The government takes tax out of my chosen organisation profit they make at the end of the month‚ this impacts them in a negative way as that
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Unit 39 P4 Describe how the monetary environment affects businesses that operate internationally The business that I will be talking about in this assignment is Tesco What is monetary environment? Tesco is located in different parts of the world; it is an international business with stores in Asia and Europe. Tesco need to think about the business as one‚ even though they have stores in different parts of the world‚ they still make plans for Tesco as one. Tesco established and promoted- Tesco
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Marketing planning is the plan that helps meeting goals and objectives within the plan of action‚ trying new things also evaluating the performance against marketing targets The marketing planning process includes… A pestle audit A swot analysis Setting smart objectives Determining strategy and tactics Evaluating the effectiveness of marketing activity Marketing planning process model -PESTLE and SWOT Pestle stands for political‚ economic‚ social technological‚ legal and
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There are many ways that a business can motivate an employee. For a business like Campion the employees are teachers‚ site team and the headmaster. The headmaster runs the school and he is in charge of the teachers who need to be motivated in order to reach objectives. The school can be said to be a business in some ways. The headmaster would be the owner and the teachers etc. are the employees. The headmaster motivates the teachers in many ways and below we have three different perspectives of
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Product Topshop benefits from personalisation of products as it helps the business recognise meeting the customer needs better because a customer can specifically make the product by itself online. This means that the business can attain greater customer satisfaction as well as ensure customers remain loyal. Personalisation can also create a better way of communicating and keeping a good relationship with the customer so they can revisit the website more frequently. Topshop are able to personalise
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is that‚ it can reach an unlimited amount of people around the world‚ its simplicity‚ cheap/free‚ and not time consuming at all. Disadvantages Anyone can take a survey‚ if it is made public meaning you will get time wasters and since you cannot control who takes it‚ your results probably are not valid nor can they be replicated. In short results might be ruined. Task 3: AC 3 This is the market research plan that provides a thorough examination of how a product or service of new pizza restaurant
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The Disengagement Theory of Ageing The disengagement theory of ageing controversially explains how as we get older‚ we naturally withdraw from society and it is an inevitable part as a person gets older resulting in decreased interaction between the ageing person and the social system. This could be because older people maybe exclude themselves from social activities‚ although this could be due to the person’s ability to get around to participating in such activities‚ leaving restricted opportunities
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Minutes DATE: 19.10.2012 TIME: 10.00 to 10:30 LOCATION: room PARTICIPANTS: ABSENT TEAM MEMBERS: TOPIC WE SPOKE ABOUT: Our snack festival‚ prices on goods‚ location and what goods to sell. Also we talked about our individual roles such as‚ who is in charge of the money collection‚ who is selling and who is doing the advertising for our team. DECISIONS WE MADE: to do a festival on Wednesday from 10.30 till 11.00. We decided to sell outside the canteen by using a table and we decided
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How would you overcome barriers in communication and interpersonal skills? Communication Preferences If you are speaking to someone that isn’t familiar with the language you are using‚ it can make it harder for them to receive and understand the message that was sent. This can easily be avoided as you or other staff can either familiarise themselves with the languages they use or using someone else’s skills to get the message across (using a translator or an interpreter). However these can be expensive
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