Communicate in a Business Environment Additional Questions 1. Understand the purpose of planning communication 1.1 Explain the benefits of knowing the purpose of communication The purpose of communication is to allow the exchange of information‚ ideas‚ concepts‚ emotions‚ thoughts and opinions. The benefit of knowing this is so you can use communication as a tool‚ it is needed to be able to learn‚ teach and explain things to others. We communicate in a Business Environment to maintain effective
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CU746 Communicate in a Business Environment 1 Understand the purpose of communication 1.1 Explain the benefits of knowing the purpose of communication The purpose of communication is for you to send your information effectively to whoever you want to communicate with. It links people together and strengthens relationships. The benefits of this are that it allows individuals and groups to understand each other and express their feelings and thoughts. It also creates feelings against others
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Business Presentations & Public Speaking in English A presentation is a formal talk to one or more people that "presents" ideas or information in a clear‚ structured way. People are sometimes afraid of speaking in public‚ but if you follow a few simple rules‚ giving a presentation is actually very easy. This tutorial guides you through each stage of giving a presentation in English‚ from the initial preparation to the conclusion and questions and answers. This tutorial is itself set out like a mini-presentation
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Economic Objectives Business is basically an economic activity‚ its primary objectives are economic. The economic objectives of a business are to earn sufficient profit to give reasonable reward to the investors of capital and to provide funds for expansion and diversification. The main economic objective of business may be described as under: (a) Earning Profit: Business activity is undertaken for earning profit. Profit is the basic incentive to business pursuits. It is the most important objective
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BEGIN ASSIGNMENT Imagine you have a meeting with the CEO and other high ranking officers of a company that invests in distance learning start-ups. Your objective is to obtain a loan for a distance learning company that you would like to start. Fortunately‚ you have a mentor to whom you can turn for help. Using a business-like tone and format‚ compose a 2-3 page letter (Word Document) that would be suitable to send as an email to this mentor. Address the following so that your mentor can be
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the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business are
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Objectives of Business means the purpose for which the business is established. It is generally believed that the main objective of business is ta make profit and avoid loss. We do admit that profit is a driving force in undertaking any business activity but it is not the sole objective of any business. In the words of Urwick “earning of profit cannot be objective of a business any more than eating is the objective of living” . A business which is hunting after profits and ignores other objectives
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its main aims a business adopts a plan that contains objectives. There are two types of objectives‚ strategic and tactical objectives. Strategic objectives are objectives set for the long run; tactical objectives are short day-to-day objectives that the business needs to operate. Setting objectives provides a greater sense of direction for the business. So once an objective is set‚ the employees‚ owner and directors even‚ have a clear pathway and guide of what they want the business to achieve and
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Relevance and implication of business objectives models in terms of Nepalese enterprise. Ans: In much of economic theory‚ it is assumed that a business aims to maximise profits.In reality‚ most businesses which are run for “commercial gain” do have profit maximisation as an important objective – since the shareholders have taken a risk investing in the business and require a return (profit) to compensate them for their risk. Profit maximization is the process by which a firm determines the price
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Business objectives are the ends that an organisation sets out to achieve. A business creates plans to enable it to achieve these ends. The objectives‚ and plans that an organisation creates are determined by balancing the requirements of the various stakeholders in the organisation. The stakeholders are those individuals and groups that are affected by and have an interest in how the business is run and what it achieves. Every business has a range of stakeholders‚ including: The objectives that
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