...The Business Environment (10 Credits) ASSIGNMENT 1 – Two Businesses on our Doorstep Learner Outcomes: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes Scenario: You work as a junior journalist for the local newspaper which is planning to run a feature article on local businesses Task: 1. Learners must describe (P1) the type of business, purpose and ownership of two contrasting businesses 2. Learners must describe (P2), explain (M1) the different stakeholders who influence the purpose of two contrasting businesses 3. Learners must describe (P3) how two businesses are organised 4. Learners must explain (P4) how their style of organisation helps them to fulfil their purpose 5. Learners evaluate (D1) the influence different stakeholders exert in one organisation TIP – Include the following: Range of different businesses Local, National, International, Global, Public, Private Not for profit/voluntary Sectors of business activity (primary, secondary, tertiary) Business purposes Supply of products or services, Difference between profit and not-for profit organisations Ownership Public, private & voluntary sectors Types of ownership (sole trader, partnerships, private and public limited companies, government agencies, worker cooperatives, charitable trusts) Main implications of different types of ownership on businesses (extent of liability, limitations to operation for public...
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...known as a purchaser are responsible for buying products or services in bulk loads at a low price in order to make profit when those products are sold on; all of the major supermarkets need to buy as they all need a source of food and other products. All of these groups are needed in the system of business if money is to be made. Range Rover Discovery When Range Rover is marketing they take into consideration their business markets. The Range Rover Discovery attracts wealthy families; they do this by showing an image of a family in the car doing family activities such as camping. Another customer type is men. In their adverts they always show a man driving the car, this causes wealthy business men to buy this type of car. The final customer type for this type of car is people who travel a lot for business; Range Rover wrote on their website that with the Range Rover Discovery “every journey is a pleasure”, this statement fits perfectly to the type of person that does a lot of travelling. Range Rove Evoque The Range Rover Evoque attracts middle – high class middle aged women, those who like an eco – friendly drive and families and couples. The Range Rover Evoque is convenient for all of their target types as it is very spacious for the families and the couples. Its appearance is...
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...______ Guided learning hours: 60 Number of weeks: 17 Credits: 10 SB = Student Book PPT = PowerPoint® AS = Activity Sheet R = Research E = Extension for Stretch and support NS = Non-supervised individual study time Week 1 Non-supervised individual study time and research: 40 hours Outcome Content Learner activity Resources Assessment and PLTS LO1: Know the range of different businesses and their ownership Introduction to unit and the structure of the programme Introduction to LO1 Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, secondary and tertiary) Business purposes: supply of products or services; difference between profit and not-for profit organisations Set up file for new unit Reflective questions AS1 Business types and ownership, Task 1; as individual or pair activity SB activities: • Starter stimulus • Tony and Guy • Aresenal • VSO • Primary, secondary and tertiary businesses Sample assignment brief Task 1.1 for P1; learners should spend the session time and NS time on this activity SB activities: • Poundland AS1 Business types and ownership SB Sample assignment brief Task 1.1 Stretch and support Assessment P1 PLTS RL BTEC National Business © Pearson Education Ltd 2010. Copying permitted for purchasing institution only. This material is not copyright free...
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...Talent planning in Organisation Bringing new people into an organisation is an important function, especially now, when the main focus is on people as organisation's main means of achieving competitive advantage There are many different factors that affect an organisations approach to attracting talent and are both internal and external factors. Some examples of internal factors are The Size of the Business The seize of a business has a huge impact in attracting talent big organizations woo job candidates by offering them lots of benefits, like bonuses, incentives huge salary. This organisations find it much easier to source talent as they are well-known to the public and are more financially able to advertise a post to get a larger range of applicants. whereas with smaller organizations they can be financially constraints, therefore attracting new talent into their organisation can be very challenging, as the resources available to them is limited especially in the area of advertising jobs to the public. As the larger organisation are more likely to use more accessible means to post job advert, like TV, news paper, intranet, specific job website, recruitment agencies. With smaller organisations advertisement will mostly be placed internally like on notice boards, recommendation by employees, in some cases website Benefits of Attracting and Maintaining a Diverse work place An organization's success and...
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... | Assessor name | | |MARY EC ZAFRA | |Date issued | Hand in deadline |Submitted on | |14 OCTOBER 2015 | 15 November 2015 |18NOV2015 | | | | |Assignment No. & title |Assignment 1/2 - The Businesses We See | |In this assessment you will have opportunities to provide evidence against the following criteria. | |Indicate the page numbers where the evidence can be found. | |Criteria |To achieve the criteria the evidence must show that the learner is able to: | |Task no. | |Evidence | |reference |...
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...Outcome 1 - Know the range of different businesses and their ownership Assessment Criteria P1 Describe the type of business, purpose and ownership of two contrasting organisations Activities or scenario: You work as a business liaison officer with a local government council. This is an important role as it is involved with promoting the area as a good place to do business. The council is keen to encourage new businesses to relocate to, or start up in the local area, thus creating more jobs for local people. Your task is to investigate some organisations already operating in the area, to find out about how successful they are and how they operate, so that this information can be used at future planning meetings. Your research should be written up in the form of a well-structured report about them. You are to focus your work on ‘two contrasting organisations’. This task assesses P1 Describe the type of business, purpose and ownership of two contrasting organisations Your task is to investigate some organisations already operating in the area, to find out about how successful they are and how they operate, so that this information can be used at future planning meetings. Task 1 |Introduce the range of different businesses and their ownership. Include a summary of the following; | |Range of different businesses: local; national; international;...
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...Tomaszewska J. Retail from the inside. Retail is the sale of goods to consumers, not for resale, but for use and consumption by the purchaser. The retail transaction is at the end of the supply chain. Manufacturers sell large quantities of products to retailers, and retailers attempt to sell those same quantities of products to consumers. Retailers can be categorizing by a type of products which they are selling, such as food, clothes, shoes, home care, garden accessories, jewellery, newspapers, non-specialist, chemist and toys. We can also categorize retailers based on the number of products lines and the number of different products within a product line of the products they carry. We can split retailers in to three different groups such as: General Merchandisers – These retailers carry a wide range of product categories though the number of different items within a particular product line is generally limited Multiple Lines Specialty Merchandisers - Retailers classified in this category stock a limited number of product lines but within the categories they handle they often offer a greater selection than are offered by general merchandisers. For example, a consumer electronics retailer would fall into this category. Single Line Specialty Merchandisers – Some retailers limit their offerings to just one product line, and sometimes only one product. This can be seen online where a relatively small website may sell a single product such as computer gaming software. Another...
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...The high street retailing will continue to decline as a result of the continued growth of e-commerce. This decline is inevitable because there is an intense competition between two markets. Businesses find it is more beneficial to operate e-commerce so there are less businesses operate high street retailing. This is because operating e-commerce has a low operation cost such as free rental cost and reduces the expense on human resources. Moreover, there is a larger customer base since it is able to attract customers internationally and nationally, and there is also no time restriction which is one of the main factors that leads to the growth of e-commerce. In addition to this, businesses that operate e-commerce can offer a wider range of products whereas there is a limitation for high street retailing to offer products because of the limitation of space. On the other hand, the high street retailing is not replaceable because customers are more satisfied when they can see real products in hand which enhances the levels of repeat purchasing which shows the demand of high street retailing. However, whether or not the high street retailing will continue to decline as a result of the continued growth of e-commerce depends on the external factors such as economic which affects the level of deposable income. Also, it is depends on the financial capacity of individual business which affects how well they can manage the business during changes in the market. Therefore, the purpose of the...
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...The Advantages of Aggregate Planning Aggregate planning is a forecasting technique that businesses use in an attempt to predict the supply and demand of their products and services. Mainly, this is done in an effort to save money, streamline operations and increase productivity. To accomplish this, businesses use an aggregate planning model to develop a game plan that will assist them with determining their staffing requirements, materials needed, estimated timelines and budget costs so they can better plan ahead. Minimize Staffing Fluctuations By using aggregate planning to forecast production demand, businesses are better able to predict their staffing requirements. Businesses that need additional employees on a temporary basis tend to fill these positions with workers from temporary employment agencies. Through proper forecasting, a business will be able to reduce or eliminate the need to hire these extra workers. This will save the business both time and money as it won't need to pay the additional fees to the staffing agency and it won't have to pay its own workers to train the new additions. Reduce Overhead Excess inventory costs businesses a lot of money. Additional materials will need to be stored, and having finished products laying around increases the likelihood of damage to the products before they reach the customer. Adhering to an aggregate planning model can help businesses operate in a leaner manner. Managers will be able to better anticipate how much product...
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...Submission Date | 10/12/14 | Feedback Date | 09/01/15 | | | | | | | Vocational Context | It is important to understand the business environment, most notably the wide range of business organisations in the private and public sectors. It is also important to appreciate the differences between them in terms of ownership, funding/finance, and the overall aims and objectives of major stakeholders. | The Brief | ------------------------------------------------- Task 1: A family friend has been operating his own small fashion clothing business (KH Fashions) that has been trading for five years. He has decided to expand the business and has asked you to research different businesses. He wishes to explore different business types in the public and private sectors including local authority organisations and charities (as one of his options is to pursue a social-enterprise route) and because he wants to do this in a professional way, has asked you specifically to research different business types in terms of their ownership, financing, sectors, aims and stakeholders and to summarise, analyse and evaluate this information. In addition to these requirements, he is a great believer in the importance of good communication and whilst he will accept, and possibly expects you to demonstrate, a range of communication methods, for more detailed, analytical and evaluative work he insists on formal essays or reports. All your research should be referenced and...
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... | |Email: |o.henry@stthomasmoreschool.org.uk | | | Learning outcomes On completion of this unit a learner should: • Know the range of different businesses and their ownership • Understand how businesses are organized to achieve their purposes. • Know the impact of the economic environment on businesses. • Know how political, legal and social factors impact on business. Unit content 1 Know the range of different businesses and their ownership Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, secondary and tertiary) Business purposes: supply of products or services; difference between profit and not-for profit organisations Ownership: public, private and voluntary sectors; types of ownership (sole trader, partnerships, private and public limited companies, government departments, government agencies, worker cooperatives, charitable trusts); main implications of different types of ownership on businesses (extent of liability, limitations to operation for public and charitable organisations) Key stakeholders: customers;...
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...Superdrug |Business 2 name: | | | |Exeter College | | | | | | |Product: Foundation |Product: BTEC, range of different courses | | | |for students | |Brand identity |Branding is very important for this typical business, |This organisation does not take branding as | | |because on every product which has been produced by |serious as Superdrug; because they have a | | |them, they advertise it by putting the slogan there. So|different purpose to advertise and to exist. | | |costumers will know who made the product and where they|However every time when Exeter College is | | |can get it from. Also i think Superdrug takes branding |advertising something, they put their logo at| | |very seriously, because when you purchase something in |the top of the right corner. Their logo is | | ...
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...ownership of two contrasting Businesses |Key Content: | |Range of different businesses: local; national; international; global; public; private; not-for-profit/voluntary; sectors of business activity (primary, | |secondary and tertiary) | |Business purposes: supply of products or services; difference between profit and not-for profit organisations | | | |Ownership: public, private and voluntary sectors; types of ownership (sole trader, partnerships, private and public limited companies, government | |departments, government agencies, worker cooperatives, charitable trusts); main implications of different types of ownership on businesses (extent of | |liability, limitations to operation for public and charitable organisations) | Note: Complete the writing frame describing your knowledge of each aspect, you must also provide examples to demonstrate your understanding. Part 1: Range of Different Businesses |P1 ...
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...| | | | | | | | |Learner | |Tutor(s) |Linda Rose |Course |Btec First Diploma | | | | | | | | | | |Date Set |20/9/2012 |Deadline |01/9/2012 |Unit No. |1 | | | | | | | | | | |Internal Verifier | |IV Signature | |Unit Title |Business Purposes | | | | | | ...
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...its products. The importance of promotional strategies is determined by the ability of a businesses marketing mix such as ‘Jenny Craig’ ‘Myer’ ‘Coles’ or ‘David Jones’ to promote their goods and services through a range of strategies such as relationship marketing, personal selling, public relations, publicity, and sales promotion and how they all work together effectively to successfully market its goods and services. Personal Selling Personal selling is where businesses use people as the ‘sales force’ to sell products through face-to-face time with the customer. The sellers, or sales-representatives, promote the product through their attitude, appearance and specialist product knowledge. They aim to inform and encourage the customer to buy, or at least trial the product. At Myer stores across Australia, they have a team of employees in the cosmetic, perfume and personal care sectors named the ‘Visual Merchandising Team’. Their role is to interact with customers while providing information, assisted service, expert advice and friendly consumer relations in an attempt to make sales and create long-term relationships with the customers. Despite personal selling being an expensive promotional strategy, its importance and effectiveness is gained through the unique advantages it offers to businesses such as Myer. 1. The communication can be customized to accommodate different conditions e.g. age, budgets,...
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