...Unit 3- P3 Different types of research Primary Primary research is new research, carried out to answer specific issues or questions. It can involve questionnaires, surveys or interviews with individuals or small groups. Secondary Secondary research (Also known as desk research) involves gathering existing data that has already been produced. For example, researching the internet, newspapers and company reports. Qualitative Qualitative research is about finding out not just what people think but why they think it. It’s about getting people to talk about their opinions so you can understand their motivations and feelings. Quantitative Quantitative research is about asking people for their opinions in a structured way so that you can produce hard facts and statistics to guide you. To get reliable statistical results, it’s important to survey people in fairly large numbers and to make sure they are a representative sample of your target market. Waitrose SWOT analysis (Sourced from: http://www.mbaskool.com/brandguide/lifestyle-and-retail/13211-waitrose.html) The picture above shows the SWOT analysis of Waitrose. It shows all the strengths the company has the weaknesses, opportunities and threats. It lists a number of strengths which will have been taken from primary data; the primary data would have also shown any weaknesses and the opportunities they can get. Also they would have seen threats when looking at reports (reports are a form of secondary data). Also Waitrose...
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...used without the tips, with the guidance given later and used for peer assessment or to help students develop their action plans for improvement independently. The key facts and terms at the end of the chapter enable students to develop a summary of the essential points over the course of each module, and they provide a quick, easy reference point and revision resource. Overall the book is extremely well presented and is an enhancement of the first edition while retaining the best features. It should prove a valuable resource for getting to grips with the delivery of the new specification for OCR, while meeting its aim of providing excellent quality content that can be used for the delivery of a business studies curriculum in general. Diane Kutar is subject leader in business studies, at Oakmeeds Community College, Burgess Hill, West Sussex. being conversational. The subject matter is comprehensively covered, with particularly good sections on pricing policy and tactics, and market research. Unfortunately, the reader will arguably find the book somewhat dull. And, perhaps, the lack of colour together with the hugely consistent layout throughout the 208 pages detracts from the interest factor buried within this publication. Consequently, some of the better commentary, such as the section on choosing the channel mix, could be easily missed by the average reader. User-friendliness An undoubted strength of this book is the...
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...Prepare written responses to the following problems from Managerial Accounting: Tools for Business Decision Making: Ch. 2 – Problem P2-4A Ch. 3 – Problem P3-3A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 2 Team Assignment Problems in order to ace their studies. ACC 349 WEEK 2 TEAM ASSIGNMENT PROBLEMS To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-2-team-assignment-problems/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 2 TEAM ASSIGNMENT PROBLEMS Prepare written responses to the following problems from Managerial Accounting: Tools for Business Decision Making: Ch. 2 – Problem P2-4A Ch. 3 – Problem P3-3A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 2 Team Assignment Problems in order to ace their studies. ACC 349 WEEK 2 TEAM ASSIGNMENT PROBLEMS To purchase this visit here: http://www.nerdypupil.com/product/acc-349-week-2-team-assignment-problems/ Contact us at: nerdypupil@gmail.com ACC 349 WEEK 2 TEAM ASSIGNMENT PROBLEMS Prepare written responses to the following problems from Managerial Accounting: Tools for Business Decision Making: Ch. 2 – Problem P2-4A Ch. 3 – Problem P3-3A Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 349 Week 2 Team Assignment Problems in order to ace their studies. ACC 349 WEEK 2 TEAM ASSIGNMENT PROBLEMS To purchase this visit here: http://www...
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...Student Name: | | Centre: | Rugby/Leamington Spa | Course Title: | BTEC Nationals in Business | Year of Course: | Year 1 of 2 | Project Manager/Assessor: | Liz Cutter | Internal Verifier: | Sam Ramsay | Project Title: | Communication Project Milestone 3Unit 4 – Business Communication | Milestone 3 Presenting Complex Business Information | Unit | Grading Criteria: | Evidenced in | | | Milestone | Task | 4 | P1 | Explain different types of business information, their sources and purposes | 1 | 1 | 4 | P2 | Present complex internal business information using three different methods appropriate to the user’s needs. | 3 | 2 | 4 | P3 | Produce corporate communications | 3 | 1 | 4 | P4 | Evaluate the external corporate communications of an existing product or service | 2 | 2 | 4 | P7 | outline electronic and non-electronic methods for communicating business information, using examples for different types of audience | 1 | 1 | 4 | M1 | Analyse different types of business information and their sources | 1 | 1 | 4 | D1 | Evaluate the appropriateness of business information used to make strategic decisions | 2 | 1 | 4 | D2 | Evaluate the effectiveness of business information and its communication as key contributors to the success of an organisation, using examples to illustrate your points | 2 | 2 | Project start date: | 20.01.2014 | Project completion date: | 24.02.2014 | Project milestone: 3 | 10.02.2014 | Milestone hand in date: | 24.02.2014 | ...
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...ACCA P3 – PROFESSIONAL LEVEL Business Analysis SMART Notes Prepared by Darren Sparkes Email: darrensparkesnotes@sky.com ACCA P3 - Business analysis These notes are not intended to cover the whole of the ACCA P3 syllabus ©Darren Sparkes, 2010 1 Contents Page no. Paper 3 Examiners Approach…………….….... 3 Extracts from the Examiners report ……….…...4 Examination Technique……………….…..……..7 Background and examination format..…............9 Syllabus Overview………………………...........10 Strategic Planning………………………...….....11 Mission and Objectives…………………………12 Business & Professional Ethics..………….…...13 Internal Analysis……………….……………..…14 External Analysis……………..………………....15 Strategic Options……………………….……….17 Method of Growth………………………............18 Portfolio Analysis…………………………….….19 Strategic Choice & Change Management…....20 Marketing………………………………………...21 Organisational Structure…………………….….22 International Market Place.…………….……....23 Business Process Change…….…..…………..24 Information Technology……..…….……..........25 Quality………………………………….……......26 Project Management………………………...…27 Role of Finance………………………………...28 Review and Control………………………..…..29 Strategy and People……………………………30 ACCA P3 – Business Analysis These notes are not intended to cover the whole of the ACCA P3 syllabus © Darren Sparkes, 2010 2 Approach Required ‘Differentiation is important to individuals seeking to pass a management and strategy examination. It is the ability to link strategic and financial...
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...is based on a well-established, reputable organisation that communicates with potential and existing customers through various mediums which you will have seen or have access to. It is important that you use the resources and information available in order to conduct your own independent reading to help you answer the questions. The School Social Enterprise Group is struggling to effectively market their fund raising activities for the coming term. As non Business Studies students they are finding it very difficult to understand how to develop a meaningful relationship with their target market. You have been asked to develop a training presentation for them to assist the group in understanding how to develop Relationship Marketing strategies. You are encouraged to use Boots as an organisation to base the presentation on but may select another organisation if you wish. The School Social Enterprise Group is struggling to effectively market their fund raising activities for the coming term. As non Business Studies students they are finding it very difficult to understand how to develop a meaningful relationship with their target market. You have been asked to develop a training presentation for them to assist the group in understanding how to develop Relationship Marketing strategies. You are encouraged to use Boots as an organisation to base the presentation on but may select another organisation if you wish. Task One PASS (P1) Describe the meaning of relationship...
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...RELEVANT TO ACCA QUALIFICATION PAPERS P1, P3, P4, P5, P6 AND P7 How to tackle exams: a marker’s perspective I have been lecturing students for more than 15 years (usually over 400 at every sitting) preparing them for their final level strategic management paper, and my advice echoes many of the points made in the examiner’s recent video presentation. I decided to become a marker to help me understand why apparently well-prepared students performed badly in the actual exam. I wanted some insight because, whenever a student marginally failed, they would insist that they did not understand why. This article will hopefully show how the good advice given by your tutor and the examiner often falls on deaf ears. In my marking experience I have seen how students who marginally fail do so not as a result of lack of knowledge, but because of very basic mistakes in technique – many of which are mentioned in the examiner’s presentation. The points considered in this the article are highlighted in bold and address some of these basic mistakes. Where appropriate, I have tried to back up these points from my experience as a Paper P3 marker. The examiner identified the following key points: • • • • • However you study, ensure that you cover the complete syllabus Undertake practice scenario questions under realistic time constraints Practice your handwriting in three-hour sessions Read widely, keep up to date, be aware of global trends and issues Revise properly and comprehensively. Don’t...
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...BTEC UNIT 4 Assignment: Verbal and Written Business Communication Getting started To complete this assignment you will need to produce a portfolio which looks at communications in business. The portfolio should be based around the following case study. Case Study The Red Lion Hotel is a medium sized business which has expanded over recent years and hopes to continue to do so in the future. Its business aim is to deliver quality accommodation and a first class service to guests staying in any of the 38 bedrooms. Following a recent building extension, the hotel now has 3 function rooms of varying sizes which can be used for weddings, christenings and conferences. In addition there is now a 30 foot swimming pool with Jacuzzi. Guests can choose to stay in the hotel on a bed and breakfast basis or half board as evening meals are available in the restaurant. You are employed as an administrative assistant reporting directly to the office manager. Your main responsibilities include, planning and organising bookings for events such as weddings and conferences, ordering stock, dealing with internal and external post, taking and producing minutes from departmental meetings and answering the telephones. Section One Written and Verbal Communications in Business Contexts Task 1 Identify, using examples, the purpose of written business communications in Four different business contexts within the life of the Red Lion Hotel; (U8-P1) Describe why each...
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...Preliminary Business Studies Assessment Task 3 Notification SCEGGS Darlinghurst Preliminary Business Studies Assessment Task 3 Notification BUSINESS STUDIES PRELIMINARY ASSESSMENT TASK Assessment Task 3 Notification Assessment Task 3: A BUSINESS REPORT Date Issued: Wednesday 6th May, 2013. Subject: Preliminary Business Studies, Topics: 1-3 Title of Task: Business Report on an SME Weighting: 30% Due Date: Part 1 - This should be presented to your teacher by Friday 17th May (Wk 3). It may be presented as either one page of notes or a one page mind map. Part 2 - Tuesday 11 June 2013 (in your lesson), 2013 Term 2, Week 7 (PF- P4, MW-P3) Component: Inquiry & research, Communication of business information, ideas & issues in appropriate forms, Knowledge and understanding of course content Outcomes: P1 discusses the nature of the business, its role in society and its legal structure P2 explains internal and external influences on business P3 describes factors contributing to the success or failure of small to medium business enterprises P4 assesses the processes and interdependence of key business functions P6 analyses the responsibilities of business to internal and external stakeholders P7 plans and conducts investigations into contemporary business issues P8 evaluates information for actual business situations ...
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...BTEC National Extended Diploma in Business Assignment Brief – ASSIGNMENT ONE Unit title | Unit 41 Business Markets and the Economy | Assignment | Business organisation and objectives | Start date | 10th March 2014 | Draft deadline date | 19th March 2014 | Final deadline date | 26th March 2014 | Assessor | Mr Muhammad | P1 - identify the objectives of a range of organisations | P2 - explain how organisations meet their objectives | M1 - compare the methods used to achieve objectives in two contrasting organisations | P3 - outline the characteristics of the economy in the UK | D1 - analyse the performance of a selected business against its stated objectives | The main purpose of this assignment is to: consider the structure of the UK economy and to explain how business markets operate and shape the behaviour of business activity. | Scenario: Case study given | Task 1 (ALL): Students will identify different organisations and their objectives. Different types of organisation with contrasting aims should be selected. It would be reasonable to expect selection of a profit maximising partnership and a welfare maximising hospital. If published accounts and annual reports are used to investigate organisations it is worth bearing in mind that these documents often only obliquely refer to objectives mentioned in textbooks and prefer softer objectives that are subsidiary to the main objectives. ‘Providing good customer service’ and being a ‘good...
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...Extended Diploma in Business ( Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research and draw up a report explaining business ethics for a...
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...in Business (Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behavior on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research and draw up a report explaining business ethics...
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...Financing difficulties ultimately led the American High Speed Rail Corporation’s (AHSRC) abandonment of the project in 1984. California high speed rail authority has studied possible route alignment for the 800 mile system serving Sacramento, the San Francisco Bay Area, the Central Valley, Los Angeles, the Inland Empire, Orange County and San Diego. With two phases the study tries to concentrate the bulk of new population growth under political pressure to add stations and serve more communities throughout the state. Under the condition of, Assembly bill 3034 capped the maximum number of stations at 24. The business plan clearly defines the possible fares of the California High Speed Rail and the revenue needed for operating. Public, Private, Partnership (P3) between state and private train company was needed to overcome the total cost of the high speed rail. Problem Statement Financial Funds Alignment Revenue Problems faced by California high speed rail was finance, alignment and revenue. Necessary funds to complete the first phase of system were expected to gather from public-private partnership (P3). Political pressure and support played a major role such as the CHSRA was established in 1996 by a bill signed by then-Governor Pete Wilson with a mandate to direct the development and implementation of intercity high speed rail service. The statewide ballot proposition to approve the $ 9.95 billion in initial bond funding had been delayed twice in...
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...| | | |FORM AB1: BTEC ASSIGNMENT BRIEF | | |QCF ASSIGNMENT FRONT SHEET | | |Qualification |Unit number and title | |BTEC SUBSIDIARY DIPLOMA IN BUSINESS STUDIES |UNIT 1: BUSINESS ENVIRONMENT | |Learner name | Assessor name | | | | |Date issued | Hand in deadline |Submitted on | | | | | | ...
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...BTEC Business Project |Assignment |2013/2014 | Learner Declaration I declare that all the work submitted for this assignment is my own work or, in the case of group work, the work myself and other members of the group in which I worked, and that no part of it has been copied from any source. I understand that if any part of the work submitted for this assignment is found to be plagiarised, none of the work submitted will be allowed to count towards the assessment of the assignment. |Centre Name: |Westminster Kingsway College |Centre No: |10240 | |Learner’s Name: | | |Learner’s Signature: | | |Assessor’s Name: | | |Assessor’s Signature: | |Date: | | |Date Issued: |3rd February 2014 |Submission Date: ...
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