2.0 The Different Types of Business Activity By the end of this chapter‚ you should be able to: • Classify entities into primary‚ secondary and tertiary sectors • Explain features of public and private business • Understand the different forms of merger and take-over • Compare methods that measures the size of a business Levels of Economic Activity Stage Business Involved Primary Woodcutter Secondary Furniture Makers Tertiary Retailer Example – Stages in the production and sale
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Management Issues One of the main management issues that is vital in outsourcing is whether Chrysler wants strict management control for day-to-day activities. By outsourcing to TCS‚ Chrysler will be outsourcing its maintenance and support services‚ particularly its sales‚ marketing‚ product development‚ shared services and after sales functions . Although Chrysler has the general oversight of the project deliverables‚ it is still done by the outsourcer. This would impact project approach‚ employee
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David Korten’s "When Corporations Rule The World" The book "When corporations Rule the World" by David Korten describes the way things will be in the future with multi-national corporations. These large corporations are found all over the world. There are many different problems that are appearing and many of them can be seen to be connected to corporations. We need to look at what is occurring with corporations and see if they are causing more problems or are helping to solve problems of the
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Unit 2: People in business Supervisor – is a higher hierarchical level than the customer or sales assistant. They provide support for the manager by leading a small team within the business as instructed by the store manager. The supervisor has to make sure that the team achieve the targets set for it by the manager. Duties Coordinating and planning staff activities to make sure that all jobs are being carried out so that sales targets are met. Supervising the work of the team members. Dealing
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When Should Your Business Offer Health Insurance? Since the introduction of the Affordable Care Act (ACA)‚ health insurance has changed drastically. If you operate a business‚ a lot of these changes affect you‚ regardless if you offer health insurance or not. If you are considering offering health insurance to your employees‚ then you should take these changes into account along with other information that may affect your decision. Certain Employers Are Required to Offer Health Insurance Once the
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Unit 203 Unit 203- work in a business environment 1.1 describe what is meant by diversity and why it should be valued Diversity can be differences in race‚ heritage‚ customs‚ belief systems‚ physical appearance‚ mental capabilities; etc Diversity should be respected and valued because nobody is completely the same as anyone else‚ even within the categories above. People tend to reject what is different. We must value our diversity in order to work together. 1.2 describe how to treat
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Managing Business Activities to Achieve Results The 1st assignment – Managing Business Activities to Achieve Results Prepared for: Mr. Martin Ortega (BTEC lecturer) Nguyen Trai University‚ Hanoi Submitted: 10/05/2013 Prepare by: Name: Tran Anh Vu Date of birth: 27/01/1992 Course: 2010 – 2014 Sectors Study: Btec Program Student Code: 1050001027 NAME OF STUDENT TRAN ANH VU REGISTRATION NO. 1050001027 UNIT TITLE Unit 15: Managing Business
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Week 7 Learning Activity 1. Was the relationship among Grace and her sons a partnership for a term or a partnership at will? Grace Tengalhat and her sons‚ Manny and Jason verbally agreed to share the business for five years. “Partnership for a term is a partnership that exists for a specified duration or until a specified event occurs‚” (uslegal.com)‚ since they agreed for five years‚ this is a partnership for term. A partnership at will is when a partnership is made with no fixed term. 2. Did
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Introduction A Strategic Business Unit (SBU) is when a unit comprises one or more products having a common market base whose manager has complete responsibility for integrating all function in to a strategy against an identifiable competitor. An SBU is composed of a product or product lines having identifiable independence from other products or product lines in term of competition‚ prices‚ substitutability of product‚ style/quality‚ and impact of product withdrawal. (Kendrick‚ 2009) Sometimes
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B & L Inc. Case Study This case investigates whether Brian Wilson‚ the materials manager for B & L‚ Inc.‚ a Lancaster based company that manufactures and sells highway transport trailers‚ should or should not outsource an outrigger bracket (Part #: T-128) that the company is currently manufacturing inhouse. The outrigger bracket requires B & L‚ Inc. to manufacture and weld together 4 other parts (Part #’s: T-67‚ T-75‚ T-69‚ and T-77) to make the complete bracket. The company sells about forty trailers
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