M4 & P6 In a business‚ there are several different types of budgets that has different department/area the business has to make. For example‚ in a business‚ you can find the sales and revenue budget (a financial document that set out the business expected sales and revenue from selling its products or services)‚ the expenditure budget (financial document that sets out the expected expenditures of a monthly basis on those items) and the profit budget (financial documents that sets out the predicted
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Unit 5: Business Accounting Memo TO: Chief Executive Office FROM: SARAH (Finance Manager) PRIORITY: High SUBJECT: Purpose of accounting in Pompomi Incorporated DATE: Monday 18th October 2012 CC: Financial accounting is the means of measuring of the company’s economic performance. The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to prepare financial reports that provide information
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patients. The influence that they hold to the business is that if it wasn’t for the patients there would be no NHS‚ and also if there were no patients or people getting ill or sick they would not have discovered any of the diseases that are around today‚ which means there wouldn’t be as much medication and antibiotics around as there are today. Customers for Cadburys are the ones that have kept them running and helped them make a profit in there business‚ by buying Cadburys chocolate confectionary
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A directive leadership style might be helpful for a manager within a business where their subordinate staff members have jobs that are not particularly specialized and so they need more guidance to avoid uncertainty. Margaret Thatcher Personlighet Straight forward – sometimes almost aggressive Great speaker Self confident
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Mr Daniel Green started Healthy Drinks two years ago. He started his business with a healthy milkshake in the UK market. Because of his innovativeness and eccentric capabilities‚ the company experienced increased sales in its first year. However‚ the company started facing difficulties in meeting its sales targets because too many competitors also entered into the market. Mr Green wants to add new range of drinks‚ juice or smoothie but he also wants to keep the current products. As an innovation
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Unit 1-P1 Business Ownership. There are several different types of business ownership which are most commonly used in business’ and company’s today‚ these include; Co-operative which is a business owned by its employees‚ Partnership which is a business owned by between 2 and 20 people‚ Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a
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Explain why functional areas are important to a business? A business’s functional areas are the departments depending upon the company’s management structure that manages the main functional areas of business in a company. Most businesses share the main functional areas in common. Some functional areas are marketing‚ accounting‚ customer service‚ and human resources. There may be other functional areas such as but not restricted to international business and research and development. Analysis: It includes
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Area 2 (p2) As a large Publicly-owned organisation‚ Bridgend College has a number of different types of stakeholders. To ensure that Bridgend College has to carefully manage these stakeholders. Customers (students)= with out students there would be no Bridgend college. Students are the customers of Bridgend College‚ the college depends upon the students and the success that they achieve both while at college and to a extent after they finish their education in order to keep the co college up
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P1- Sam Bayliss Tesco’s Tesco’s is a business that was set up in 1919 by a man called Jack Cohen. Tesco’s now employ 520‚035 people across 13 different countries which makes them one of the highest rates of employment. They recently launched their website in 1994 to extend their marketing and hopefully to increase sales. There values are to “work as a team‚ trust and respect each other and to support and say thank you”. The CEO at Tesco’s at the moment is Phillip Clarke and he is in charge of 6351
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stakeholders exert on Tesco. I will be evaluating the following stakeholders: customers‚ employees‚ shareholders and suppliers. The first stakeholder I am going to evaluate is customers which are external stakeholders. Customers contribute to profit levels and turnover through buying products and services. People are stakeholders in a company for financial reasons‚ customers do not want to have to spend an excessive amount of money to purchase a product‚ so if the product is cheaper in one store‚ such
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