...tobacco, alcohol, fruits, vegetables, electrical goods, clothes, organic food. In Newport there are stores based at Spotty and Masalas. The type of ownership that my company has is public limited company. This means it is a large company with many employees. It has shares on the stock exchange and anyone over 18 can invest in a share. This will make anyone who has bought the share a part owner of the joint stock company. As Tesco is a joint stock company the shareholders want a good return on their capital and to receive a dividend each year. If the company went bankrupt then the owners would have to pay off all of their debts, this would even mean selling their houses and cars. The main objective of a business is to make a profit. http://www.markedbyteachers.com/as-and-a-level/business-studies/introduction- (Assessed-03.10.2014) Types of contract in Tesco * Tesco Indefinite contracts require some flexibility to be built into them to enable the employer to change the terms to meet changing conditions. * The term "temporary contract" can be used to describe a contract that is not expected to be indefinite. However, the usual employment rights apply. * A fixed-term contract is one that ends on a specified date or on the occurrence of a particular...
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...Unit 1: Business Environment | Assignment 3: The Impact of Business Environment on Organisations | For the attention of: Tracey baker | In this report I will talk how two businesses operate and function in two different economies. The report will also include a detailed outline on how political, legal, social factors affect both businesses in two economies. The two organisations may face challenges in the future and how political, legal and social factors may impact an organisation. P5 Tesco (UK) What is an economy? An economy is made of millions and millions of people making decisions, trading goods and services. The economy applies to everyone from individuals entities such as corporations and governments. The economy of a particular region or country is governed by its culture, law, history, and geography among other factors. There are three types of economies market economy, command economy and mixed economy. The economy is very influential on how good Tesco do in a financial year; so if there is a good economic environment the confident customers will be more willing to spend money than customers with low confidence, which means that Tesco is more likely to benefit if the customer confidence is high. Stages of high customer confidence can confidence can present opportunities for Tesco to expand or bring new products to the market. Low confidence of customer’s means that Tesco have to cut cost to maintain profits. The UK economy is currently in the...
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...Unit 3: Introduction to Marketing M1 Amendment Compare the effectiveness of the use of the marketing mix by both McDonalds and Prêt A Manger, including: a) How they meet the expectations of the target customer The expectations of McDonald’s customers are to receive a fast, efficient service for an ‘on the go’ lifestyle. They want a clear menu with many meal deals already to go for a quicker exchange at the till. They expect the food to be cheap in price and also filling to satisfy their hunger. Prêt’s customer’s expectations are quite different as they expect to receive a welcoming environment where each customer is valued; this means that Prêt wants to keep them coming back unlike McDonalds which is a ‘grab and go’ restaurant. The staff are trained to a high standard and enjoy their job so that the happy energy is transferred to customers when they come in. The customers of Prêt also expect fresh food made from scratch every day with no preservatives or additives added which is one of Prêt’s main policies. Going back to the expectation of Pret being a welcoming place, the design of all the stores comes into play and they try and make it as casual and relaxing as possible with sofas, lighting and appropriate posters. b) How the elements of the marketing mix are integrated and how they relate to each other. McDonalds uses the marketing mix in their operations a lot. They start with designing a Product, for example the Big Mac. For this product to sell well...
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...(P4) Explain how both fiscal and monetary policy decisions have affected a selected business In this part of my assignment I will be explaining the use of fiscal and monetary policy and how these policies affect global/international organisation. The organisation I have chosen to refer to in this part of my assignment is Microsoft. Microsoft is an American multinational software corporation headquartered in, Washington that develops, manufactures, licenses, and supports a wide range of products and services related to computing including Laptops, computers, Xbox 360 and Xbox one. The company was famously founded by Bill Gates in 1975. Microsoft is the world's largest software maker measured by revenues and so far has made $77 billion up to now in 2013 alone. Fiscal policy Fiscal policy is the use of government expenditure and taxation to try to influence the level of economic activity. The varied use of raised and lowered fiscal policies can have a number of effects on customers, public sector organisations such as the NHS and Police and private limited organisations such as Tesco and Microsoft. Below I will describe how different fiscal policies will directly affect Microsoft and its customers. Cuts in income tax If the government fiscal committee decide to cut income tax then this has a direct effect on organisations because it means Microsoft will gain more disposable income and capital spending as some of their revenue income which would go to government is being...
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...cash flow statement is concerned with the flow of cash in and cash out of the business. The statement captures both the current operating results and the accompanying changes in the balance sheet Operating Activities This tells how much income you make over the year and from this you can tell if you have a good cash flow and this is how you tell if you can get a loan from the bank because if you have a good cash flow then the bank will accept this with open arms and look to make money back in the process. Also, you can look at attracting investors instead of getting a loan this may work out cheaper for you. Operating activities include the production, sales and delivery of the company's product as well as collecting payment from its customers. This could include purchasing raw materials, building inventory, advertising, and shipping the product. A healthy cash flow means that you can pay for these. Financing Activities If the business has a healthy cash flow then they will be able to get a loan from the bank. Then the bank will look to make more money because they know the business can pay this back if they have a healthy cash flow statement for example if the company ask for £1,000,000 then the bank may look at this and say we will offer you £2,000,000 then this means the bank will make a profit back because of the interest on the money. Other sources of finance grants, finance, loans, business support eg mentoring, consultancy, funding for small and medium-sized businesses...
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...balance sheet is a record of what the business owns, owners and is owed it is a snap shot, of the financial value. Assets- Current assets, these are assets whose value fluctuates almost on a day-by-day basis. E.g. stock/inventory. Debtors are clients of customers who are taking delivery of stock but the invoice is still out standing. But will be settled in due course therefore this is known. This is included as the current asset. Cash in hand Fixed assets, these are items that the business owns, whose value does not change in the short term (day to day) 1. Premises 2. Vehicles 3. Fixtures and fittings 4. Tools and equipment A business will calculate it’s worth its value by calculating its total assets, which is the agruget of fixed assets and current assets. Depreciation When calculating the fixed asset value of a business. It is necessary to take account of the wear and tear that arises out of the continuous use out of the fixed assets. For example vehicles will be worth less after a year of use, than they were worth. When they were first bough. The value at the end of the time period normally at the end of the year is recorded as a fixed asset in the balance sheet. The amount of depreciation of this is recorded in the profit and loses account as expenses. Depreciation is lowers the amount of net profit being made by the business. Liabilities These are a financial contained in the balance sheet of what the business owes at a particular point in time. Liabilities...
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...Unit 2: (p2) Business resources Introduction In this section I will be talking about how important qualifications are and also be clarifying why experience is needed. Employability skills Qualifications | You need certain qualifications for specific jobs, but the more and better qualifications you have the better job and wage you will get. For a customer service advisor they will require GCSE English, Maths and also BTEC in ICT | Experience in a similar role | What experience have you got from before, was you may be doing customer service from your previous job. The more experience you got off the job the easier and quicker it will be. | Knowledge of product or service | An understanding of a good or service that might include having acquired information about its application, function, features, use and support requirements. | Effectiveness in meeting personal targets | The process of setting targets helps you choose where you want to go in life. By knowing precisely what you want to achieve, you know where you have to concentrate your efforts. You'll also quickly spot the distractions that can, so easily, lead you astray. | Experience of specific industry | You would put any experience that you have that would be relevant to the industry that the company is in. In other words, if you are applying to work in a shoe store, the industry is retail apparel, sub industry is footwear. So if you have experience working in any retail environment that would be industry...
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...Two Business on our doorstep – Continued P3 and P4 I will carry on looking at the 2 businesses; Asda and RSPCA. I will be describing the business organisation, an explanation of the style of the organisation within the business and how it helps them to fulfil their purpose. An organisational structure enables a business to meet their purposes, it divides up the work and establishes lines of control and community. Dividing up work allows a clear understanding of who is doing what. The organisational structure is often a chain of command or line of control and sets out important aspects of how communication takes place. The organisational structure controls organisational activities to avoid conflict and individuals making decisions. The structure depends on the organisations objectives, purpose and strategy. The top layer of the structure usually has the most power and control of the businesses decisions.[1] There are several different organisational structures, these include flat, hierarchical and matrix. They all are in place to make sure that the business is set out in a clear way and is easier to see who is above who. The difference between hierarchical and flat structure is that there may only be two or three levels in a flat structure because they are designed for small businesses like a local hairdressers. [2]The matrix structure is where the employees have dual reporting relationships, generally to both a functional manager and a product manager. It is not set out...
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...| history | Apple all started in 1976 because of 3 friends Steve Jobs, Steve Wozniak and Ron Wayne. Wayne left the company a few months into the company's existence. Wozniak made the company's first product, the Apple I computer, which had been rejected by his previous employer, Hewlett Packard. The Apple II was introduced in 1978. Apple all started in 1976 because of 3 friends Steve Jobs, Steve Wozniak and Ron Wayne. Wayne left the company a few months into the company's existence. Wozniak made the company's first product, the Apple I computer, which had been rejected by his previous employer, Hewlett Packard. The Apple II was introduced in 1978. | The British Heart foundation was founded in 1961 by a group of medical professionals, who were concerned about the increasing death rate from cardiovascular disease. They wanted to fund extra research into the causes, diagnosis, treatment and prevention of heart and circulatory disease The British Heart foundation was founded in 1961 by a group of medical professionals, who were concerned about the increasing death rate from cardiovascular disease. They wanted to fund extra research into the causes, diagnosis, treatment and prevention of heart and circulatory disease | Purpose | The purpose of apple is to make profit of selling their products to their customers so that they have enough money to improve their products. Therefore without customers the business would be failing to carry on. The purpose of apple is...
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...2.How will government policies affect Morgan Sindall? You should explore the UK coalition government’s current policies that could affect Morgan Sindall. You should outline your views and opinions on the policies which you believe has a greater effect on the business 3.You must explain the “multiplier effect” of government spending for this business by exploring the local, national and international implications. What is the potential outcome at a local, national and international level when there are changes in government spending? Explore the effect of government policies on demand for Morgan Sindall’s business and the impact on its revenue, profits and employment. I have been asked to create a report in order to explain and analyse how government policies affect and impact Morgan Sindall. Therefore I had to do some research to find the new policies due to the coalition between the conservative and the liberal parties. For the first time since the Second World War, the liberal and the conservative party have made an agreement. This newly coalition between both parties has the aim of forming a full coalition comprising MPs (members of parliament) from the Conservative Party and the Liberal Democracy. The fact that a coalition takes place in United Kingdom's government, we find a series of disagreements and compromises in different topics and fields such as; Spending review, deficit reduction, tax measures, banking reform, immigration... Because Morgan and Sindall is mainly...
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...Maisy Marsh Assignment Three Corporate communications is how a business keeps their message, with everybody. It isn't just how the company speaks to the marketplace, which is known as branding, or how the company deals with the media, which is called public relations. Corporate communications involves, the market, media, communities and the staff itself, through training sessions and messaging that always reinforces the mission and vision of the company. The worker in the department of corporate communication will often report directly to a company’s chief executive and serve as advisers in managing the company’s reputation. They help leaders prepare for media interviews, develop messages to deliver to investors and employees and suggest new initiatives to keep the company on cutting edge with the communication to their stakeholders. MEDIA RELATIONS This may be the function for which corporate communication managers will be best known for. Media relations work includes many things such as writing and distributing new releases and responding to media inquiries. Corporate communications will be in charge of various news conferences, which may include selecting the site for an event, or preparing packets of information to distribute to the media and prepare executives to speak at these news conferences. Media relations also involves arranging for spokespersons to appear on local television and radio programs. Corporate communicators monitor newspapers, television...
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...Explain in detail how the management of the buildings and facilities can improve the performance of your chosen company. Repeat this format for all of the sections below. The physical resources at ASDA include the building this is where all the products are stored and where customers come to purchase these products, the building should be maintained with decorations and painting should be redone, every so often to give a good impression to the customers. ASDA has CCTV to protect their property, and people in their stores, and also in most ASDAS they would have a security guard to stop robbery’s and to make the customers feel safe. Physical Resources – Materials & Waste ASDA would use material to package there products within the business, there also use fuel when they do home delivery’s from there warehouses, also they recycle there energy food charity or they turn it into bio fuel for there trucks, and use it for pet food. They also fill their trucks with their waste and deliver it to the depots as its good for the environment as they recycle and save money on fuel and road mileage. Physical Resources - Plant & Machinery Asda plant and machinery are there fridges, freezers, and ovens; They used there fridge to keep foods chilled before purchase or just for storage. Asda would use the ovens to keep hot foods hot like cooked chicken etc. for purchasing by customers Asda would use freezers to keep food frozen...
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...department. In the purpose of accounting, there are many reasons why accounting is necessary to a business. Recording Transactions - Appropriate records are vital: if reports or documents are lost the Next store may forget to demand payment for some jobs that have been done or forget to pay bills that become due. It must be avoided at all costs because not paying your debts promptly or quickly is technically an act of bankruptcy or ruin. Monitoring activity and controlling the business - The recording of day to day accounts activities allows the Next managers of the organisation to keep track of orders, the sales and bills that means they must have a good idea of how business is doing well. The management of the business - Accounting records also helps the management of business and assist the board to make better decisions in dealing with investment. It is important to prepare accounting statements for Next managers to monitor the progress of the company and to endure day to day activities runs smoothly and proceed over activities. Measuring the financial performance of the business - Profit is the aim of the Next Store business and enjoyable accounting records will enable managers to assess accurately the levels of profit that are being achieved. Account records will also give clues about strategies that will be able to improve the profitability of the business. The accounting documents that they will consider and reveal a number of key figures: * Gross profit...
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...Cafe Location is important, for example being able to find your restaurant and being able to park. When I say being able to find your restaurant it isn’t just being able to find it physically if it is down a side street or at the end of a long country road. Invite a few people to your restaurant, send them a copy of your advert or leaflet and then ask them how easy it was to find you. Get some feedback on how easy it was to find the area you are in, the particular street and your premises. Check if your directions are clear and if your signage was easy to follow. Then ask them about the advert or leaflet you sent them Location isn't just a physical location. Location can also be viewed in another perspective. Can people find you online and is your website attractive? In an age when people Google for all sorts of information, including the location of hotels, restaurants, cafes and coffee shops you need to be visible not only with your own website but also via directories and on Google Maps, Google Earth and SatNav. An example of a good place to start would be somewhere there is always people. I believe a city train station would be very good as there is always people using trains as transport to and from other places. People would prefer to have a nice place to sit, instead of sitting in a waiting room they could be enjoying a nice hot coffee. How about offering free samples of your food? After all it is the food they will come to you for, so go into the streets,...
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...P1 - Describe the recruitment documentation used in a selected organisation A broad, general, and written statement of a specific job, based on the findings of a job analysis. It generally includes duties, purpose, responsibilities, scope, and working conditions of a job along with the job's title, and the name or designation of the person to whom the employee reports. Job description usually forms the basis of job specification. For example the bookkeeper position creates financial transactions and creates financial reports from that information. The creation of financial transactions includes posting information to accounting journals or accounting software from such source documents as invoices to customers, cash receipts, and supplier invoices. The bookkeeper also reconciles accounts to ensure their accuracy. A job specification is a detailed description of the role, including all responsibilities, objectives, and requirements. A person specification is a profile of your ideal new employee, including skills, experience, and personality type. For example the bookkeeping specifications are: • Balancing accounts • Processing sales invoices, receipts and payments • Completing VAT returns • Preparing invoices for the Inland Revenue • Checking company bank statements • Repairing cash flow statements • Dealing with financial paperwork and filing The job or employment application is the official form that employers ask all applicants for a position to fill out...
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