...Malaysia create a great opportunity for the business to expand since the conventional cigarette seems to be governed more strictly through various new implementations to discourage people from smoking. Viewing from economical factor, constant increase in cigarette’s prices had possibly forcing the smoking population to look for other alternative to satisfy their wants. Besides, we also found interesting facts on price spent to buy cigarette was as high as RM 178.80 per month per smoker. It provides plenty of profit margins for us to sell e-cigarette at profitable price. On the other hand, social environment showed that there was a significant amount of smokers among the whole population in Malaysia. This is an important fact which telling us how big is the potential market for this business. With a total of 20.9%, 4.3...
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...Write a short critical essay explaining how the poor economic climate in the UK might affect the marketing mix of a start-up retail venture in the high street. I will look critically at setting up a retail business on the high street in the current economic climate and the affect this may have on the marketing mix. I will first give a brief overview of the economic situation in the UK and high street retail in general. The UK economy has undergone a protracted period of instability since the banking crisis of 2007/08, which sparked economic downturn for the UK and caused a dramatic fall in both consumer and business confidence. Between 2008 and 2012, the UK experienced two periods of recession and has been subject to austerity measures, such as public spending cuts, welfare reforms and increased taxation, imposed by the UK Government in an attempt to reduce the country’s budget deficit and reverse economic decline. These measures coupled with high inflation, rising levels of unemployment and low wage growth have contributed to less disposable household income and subsequently lower consumer spending across most of the UK. The economic constraints of the last five years, such as falling consumer spending, increasing operating costs for businesses (20% rise since 2006) alongside less available, affordable borrowing to businesses have led to large numbers of high street retailers closing their doors. The Centre for Retail Research (2013) reported that 54 retail companies...
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...When we think of entrepreneurship, we often think of small, start-up firms. Describe how a large corporation in an established industry can be “entrepreneurial” and discuss how Peng’s entrepreneurial strategies apply in this situation. Entrepreneurship as a scholarly field seeks to understand how opportunities to bring into existence future goods and services are discovered created and exploited, by whom and with what consequence (Venkataraman,1997). Entrepreneurship is nothing but the identification of those resources which were previously unexplored. Entrepreneurial opportunities do not only take the form of new products and services, they can also take the form of new methods of production, new raw materials, new ways of organising and new markets. For large corporations in an established industry, entrepreneurship is a big challenge. The companies must innovate and develop new ideas in order to motivate their leaders for entrepreneurship. Two steps must be followed to achieve this goal. Firstly, companies must periodically evaluate its product performance and need to have complete information about the environment in which it is operating. Secondly, in order to achieve success, the companies must experiment with their existing products. They should have their one face focused on the old strategy and the other seeking out the new one. When an existing company starts new venture, it face lot of barriers because it is a risky proposition. They must consider industry’s condition...
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...AQA AS Business Studies Unit1 (BUSS1) Course Companion AQA AS Business Studies Unit 1 (BUSS1) Course Companion Publishers Information AQA AS Business Studies Unit 1 Course Companion 1st Edition August 2008 Author: Jim Riley © Tutor2u Limited All Rights Reserved No part of this material may be reproduced in whole or in part without the express written permission of Tutor2u Limited. This publication is not endorsed or approved by AQA. Tutor2u Limited Boston House 214 High Street Boston Spa LS23 6AD Please contact jimriley@tutor2u.net with details of any errors, omissions or suggestions for future editions. © Tutor2u Limited All Rights Reserved www.tutor2u.net AQA AS Business Studies Unit 1 (BUSS1) Course Companion Contents Introduction to AQA AS Business Unit 1 .....................................................................6 Section 1: Starting a Business ......................................................................................7 Enterprise and Entrepreneurs .......................................................................................8 Introduction ......................................................................................................................................... 8 Entrepreneurs ..................................................................................................................................... 9 Motives for starting a business ................................................................
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.../ areas of funding, organizations etc.) enterprise (What area wants to government to grow?) iv. Recent changes in policy and economic climate that could effect enterprise Gender 4. Attitude towards enterprise / entrepreneurship in Germany: (related to framework in part 2) f. Outline of German attitude based on research in the area g. Interviews with German MSc / Phd students in Leeds and Durham and discussing their understanding of german enterprise / entrepreneurship. (This will be related to existing literature to see if my mini interviews are in line) h. Checking if my findings differ from research 5. Focus of Start-ups in Germany: i. General Questions / Statistics: (GEM and other reporsts used) v. How many start up? (general overview) vi. Who starts up? (who are the innovators? Male/femal, student/non-student, age group (I look at the strongest group and not talk about all the...
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...Buzz, Buzz, Buzz! Wake up it is time to go to school. There has always been an argument if schools should start later or stay the same as it is. “The Teen Who Woke Up Her School” article by Jane Bianchi, “Should Students Start School Later in the morning?” video excerpt and the infographic called “Wake Up Call” by Sarah Mckibben explains all different reasons schools should start later. Since everyone wants teens to be less stressed and excited, you should agree that schools should ring their bell later! According to “The Teen Who Woke Up Her School,” a teen named Jilly Dos Santos made a change to start her school later. In the article it states, “ A high school football team went to the state last year for the first time in eleven years,...
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...ball is where it all starts. Where the passion for playing softball is first expressed. This is the team that you could possibly end up playing with for awhile. This is the part of playing where boys and girls can be mixed up on teams. Some people end up playing with this team up until high school. Equipment for the stages of softball will change frequently. During tee ball, you will need to start off having a glove. A glove so you can start fielding, throwing and catching a ball. You will also need a bat. You don’t typically need to spend much on a bat; this is just going to be a bat that you can use for the beginning. And lastly, you will need a helmet. This is just for hitting practice and during your games. These are just the basic pieces of equipment that you will start off needing....
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...being selected. It’s like a form of validation.” It works both ways, as mentors working with start-ups are given access to the frontline innovators in their industry sectors, knowledge that also helps in their roles. Purpose aims to help digital start-ups with funding, mentoring, access to legal and financial advice, new technologies and premises accelerators are still essential to the growth of entrepreneurial ecosystems not only because they provide a petri dish for innovation, but because they create jobs. In an article on AllThingsD today, Jed Christiansen contends that the fundamental value of seed accelerators lies in their ability to both drive economic growth and foster an entrepreneurial culture within local communities. Why important Startups, small businesses and accelerators are critical pistons in the engine of job creation; there are a few who would argue with that. However, research from the Kauffman Foundation puts into perspective just how important they are. It suggests that, between 1980 and 2005, all net job growth emanated from companies fewer than five-years-old. When it comes to how to best reverse an economic downturn, about the only thing you might find politicians agreeing on is the importance of supporting small businesses. For accelerators, it doesn’t matter whether or not all of their startups raise big rounds of venture capital, it matters how well their graduates can build a network of support for their peers and for future companies...
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...P4 Describe financial aspects that affect the start-up of your business. Start-up costs Start-up costs are the expenses incurred during the process of creating a new business. All businesses are different, and can require different types of start-up costs. In order for a business to survive, start-up costs need to be kept as low as possible. Business owner has to make list of start-up costs. Using a list of start-up costs a business owner would then create a personal survival budget. For my business idea that is in school café I should still keep start-up costs low, but as far as it is in school I don’t have to worry about the equipment for my business, because they already have kitchen to work in and café to sell my products. However I still have to pay the rent and I need resources to start with – stock. Personal survival budget In order for your business to survive, you need to have enough money to cover all your start-up costs, the costs of running the business and also for you to live on. This section looks at how to determine your personal survival budget. I think my business would not affect my personal survival budget too much, because I don’t have to buy all the equipment like ovens, fridges, etc. As far as I have to worry mostly about the stock for my business. Cost of premises Choosing appropriate premises is crucial to the success of a business. Business owners then have to decide whether they want to rent or buy premises. For place they have to pay rates...
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...slowly may need more attention and special accommodations. “How your child plays, learns, speaks, and acts offers important clues about your child’s development (Important Milestones).” That's how people can keep up with how their toddler is doing compared to how they are supposed to be doing. A toddler develops in three different ways every year: physical appearance, physical skill, and mental abilities. When your baby hits the one year old mark he/she will look different than they did when they were first born. An average one year old’s weight has...
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...Many potential start-up businesses are daunted by the prospect of writing a business plan. But it is not a difficult process — and a good business plan focuses the mind as well as helping to secure finance and support. The business plan will clarify your business idea and define your long-term objectives. It provides a blueprint for running the business and a series of benchmarks to check your progress against. It is also vital for convincing your bank — and possibly key customers and suppliers — to support you. This briefing explains: • What information to include. • How to present your financial forecasts. 1 Executive summary The executive summary outlines your business proposal. Although it is the last section to be written, it goes on the first page of the business plan. It will be read by people unfamiliar with your business, so avoid jargon. 1.1 The executive summary highlights the most important points and should sum up six areas. • Your product or service and its advantages. • Your opportunity in the market. • Your management team. • Your track record to date. • Financial projections. • Funding requirements and expected returns. 1.2 When deciding whether to back a start-up, bank managers and investors often make provisional judgements based on the executive summary. • The main body of the business plan (see 2–9) is then read to confirm the initial decision. The appendices at the back of the plan (see 10) carry detailed information to support the main text...
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...In both Fight Club and Wit one way the set-up of the stories is the same, is the fact that both authors open up with a scene that takes place later on in the book, and the character tells the story of how they have gotten to the point they are at in this said scene. We see this layout in Wit, when the play opens up with the main character, Vivian Bearing, walking onto an empty stage attached to an IV pole. She starts off by telling us how she feels and what life is like in her current position, she then starts off the play by telling the audience how she has gotten to this point by telling the story of when she found out she had ovarian cancer (Edson). We then see this same layout in Fight Club. In Fight Club , the story opens up with our narrator with a gun in his mouth describing what he is feeling and thinking at this moment, such as how the gun feels in his mouth and things he remembers doing. This leads the Narrator to start describing to the audience how he has gotten to his current position. Then beginning to tell us the story of his life starting right before he meets Tyler, the man about to shoot him in the beginning, and tells us the story through his memory (Palahniuk). As we can see in both works the layout of the story line has similarities. Both writings open up with a scene, that the character then starts to describe and...
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... | Criteria Partially Covered |P4 M3 | | | |P4 – describe the legal and financial aspects that will affect the start up of the business | | | |M3 - M3 assess the implications of legal and financial aspects that will affect the start up of the business. | | | Task Introduction |You have been preparing a business proposal to show to your bank manager. The final part of your proposal will cover legal | |aspects of your business start up. | Legal aspects: legal status eg sole trader, partnership, limited company, franchise, cooperative; legal liabilities; trading terms and conditions; trading standards; licences; record keeping; resolving problems; national/local laws; regulations and bylaws; health and safety; fire regulations; licensing; liabilities; planning permission...
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...Schools over time have started school earlier sure it good timing for students who do have after school activities but waking up early to go to school has more cons then it has pros.The worst is that most education boards know about the bad effects it has on student but choose to ignoring putting their students health in danger.Doctor after doctor have proven that later start times in school would benefit our youth for a while. Later start times have been a topic for years now but until recent years actual change have happened and the result have been mostly positive. Having a later start time to school at least 3 hours later would have an amazing health effect on teens in high school.They would be more awake and would probably have more time to eat a good breakfast. Research at the university of Minnesota found 65% to 70% decrease in vehicle...
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... In Should School Start Later?, The video Should Students Start School Later in the Morning, and ⅔ of High School Students Get Less Than 7 Hours Of Sleep. They all show how school should start later in the morning because tennagers need more sleep and ways how could it be good. Afterwards, It will provide information to prove that point. In the text “Should School Start Later?” By Lisa M. Harrington shows how schools should start earlier. In the article it states that. “ Studies show that well-rested teens get better grades, have higher standardized test scores, and miss fewer days of school. They also have a lower risk of being in car accidents and have fewer health problems, such as depression, mood changes, and being overweight.” For example if teens get well rest they could be...
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