Free Essay

Level 2 Business Unit 12 P3

In: Business and Management

Submitted By workload1990
Words 638
Pages 3
P3: Explain the issues a business would need to consider to go online
Introduction
In this task I will be explaining all the planning issues that need to be considered before setting up a website and how these issues should be checked. Before setting up a business online, there are a variety of aspects to be considered. This is because if a business sets up a website without planning, anything could happen while the business is running which could affect other things like revenue and sales. The issues to consider include the domain name, Country availability, Copyright and financial aspects. These are some of the things to be checked because they need to be consistent throughout the business.
Start-up costs
Before going online, a business needs to decide if they have enough money to set up a website, and keep it running. Sometimes a company has enough financial help at first to set up the business but as they start making sales and delivery, the business starts to have trouble. Costs include; advertising fees, paying a technician and if you’re a commercial business, paying for all the equipment needed to take photos for online images. Commercial websites normally need to rent a van for deliveries so that would also be part of the costs. Government websites need to consider how they are
Domain Name
Business has a wide range of areas with different names, so choosing a domain name wisely is very important because it must be copyright. They need to think about how the website name should be presented. Should it be short or long? Should it be the same name as its store? Or should it have a complete different name? These are all things to take in hand. It is more relevant that the name connects to the business. For example H&M has their name on their stores but their website name is also http://www.hm.com/gb/ this is easy to remember and also not confusing.
Suitability
Before setting up a website, it is important to consider how suitable the idea of having one is. A company needs to think about the benefits they will get from it. For example will this website increase their income? How will they make this happen? If the answer to the first question is no, then it is probably not suitable to make a website because they’ll be paying costs but will not have any benefits from it.
Country availability
Some websites are not available to some countries and don’t allow any access. This can sometimes limit the information that is provided or the income a company gets from online sales. Some companies like NHS only allow users from around the UK to access their website because the information given is not relevant to other countries. Deciding if a website would benefit other countries outside their own, would also be a decision to make. This is because a business needs to decide if it is necessary to pay extra costs for other users to see.
User requirements
It is a difficult step designing a software product because determining what the customer actually wants it to do is the main target. The user requirements are important in setting up a business. These need to be met before the business operates. For example if a user is looking for a specific category on the website, it is the company’s responsibility to make sure the website responds accurately with their search. The information they provide may also be incomplete, inaccurate and self-conflicting so the website needs to determine what the user actually means.
Conclusion
In this task I have outlined the considerations before setting up a business online and why this is important. I have learnt that a website cannot operate without a planned start.

Similar Documents

Premium Essay

Unit2

...------------------------------------------------- Level 3 Sub Dip/Extended Diploma in Business - Academic Year 2013-14 Candidate | | | Unit No. | Unit 5 ; Unit 2 ; Unit 18 | | Unit Name | Business accounting, Business resources and managing a business event | * | Qualification | Btec Level 3 | | Start Date | September 2013 | | Deadline | November 2013 | | Assessor | Maria Pillay | | Unit 5 – Business accounting | | | Criteria | To achieve the criteria the evidence must show that the student is able to: | Page No. | Achieved? | P1 | Describe the purpose of accounting for an organisation | | | P2 | Explain the difference between capital and revenue items of expenditure and income | | | P3 | Prepare a 12 month cash flow forecast to enable an organisation to manage its cash | | | P4 | Prepare a profit and loss account and balance sheet for a given organisation | | | P5 | Perform ration analysis to measure the profitability and liquidity and efficacy of a given organisation | | | M1 | Analyse the cash flow problems a business might experience | | | M2 | Analyse the performance of a business using suitable ratios | | | D1 | Justify actions a business might take when experiencing cash flow problems | | | D2 | Evaluate the financial performance ad position of a business using ratio analysis | | | Unit 2 – Business resources | | | Criteria | To achieve...

Words: 624 - Pages: 3

Premium Essay

Account

...Test #2 Practice Test #2: Answer Key Exam number 2 will take place on Monday, April 8th, 2013. This, the second of two practice exams, will be the subject of class on Wednesday. It will not be graded, but will serve only as practice material accurately representing the content and format of the exam. 1.) Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To invest in his painting business, he withdrew $20,000 from his savings, which paid 3 percent interest, and borrowed $30,000 from his uncle, whom he pays 3 percent interest per year. Last year Walter paid $25,000 for supplies and had revenue of $60,000. Walter asked Tyler the accountant and Greg the economist to calculate his painting business’s costs. |a. |Tyler says his costs are $25,900, and Greg says his costs are $66,500. | |b. |Tyler says his costs are $25,000, and Greg says his costs are $65,000. | |c. |Tyler says his costs are $66,500, and Greg says his costs are $66,500. | |d. |Tyler says his costs are $75,000, and Greg says his costs are $41,500. | 2.) Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6...

Words: 3687 - Pages: 15

Premium Essay

Econ

...Test #2 Practice Test #2: Answer Key Exam number 2 will take place on Monday, April 8th, 2013. This, the second of two practice exams, will be the subject of class on Wednesday. It will not be graded, but will serve only as practice material accurately representing the content and format of the exam. 1.) Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. To invest in his painting business, he withdrew $20,000 from his savings, which paid 3 percent interest, and borrowed $30,000 from his uncle, whom he pays 3 percent interest per year. Last year Walter paid $25,000 for supplies and had revenue of $60,000. Walter asked Tyler the accountant and Greg the economist to calculate his painting business’s costs. |a. |Tyler says his costs are $25,900, and Greg says his costs are $66,500. | |b. |Tyler says his costs are $25,000, and Greg says his costs are $65,000. | |c. |Tyler says his costs are $66,500, and Greg says his costs are $66,500. | |d. |Tyler says his costs are $75,000, and Greg says his costs are $41,500. | 2.) Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6...

Words: 3687 - Pages: 15

Premium Essay

Understanding Business Ethic

... | |Learner Name: | | |Qualification: |BTEC Level 3 Extended Diploma Business | |Units Covered: |Understanding Business Ethics |Unit Numbers: |37 | |Assignment Issue Date: |w/c 11/05/15 |Assignment Due Date: |w/c 01/06/15 | |Duration (approximately) | | |I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that | |false declaration is a form of malpractice. | |Learner’s signature: | |Date: | / / | Assessor’s signature in this grid indicate which criteria have been awarded |Unit No. |Criterion |Assessor Signature |Criterion |Assessor Signature |Criterion |Assessor Signature | | |PASS | |MERIT ...

Words: 1222 - Pages: 5

Premium Essay

Acca P3 – Professional Level Business Analysis

...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...

Words: 5838 - Pages: 24

Premium Essay

Unit1

...Year 12 BTEC Level 3 Subsidiary Diploma in Business BTEC Level 3 Diploma in Business Year 12 BTEC Level 3 Subsidiary Diploma in Business BTEC Level 3 Diploma in Business Unit 1- The Business Environment Unit 1- The Business Environment | Student name | ------------------------------------------------- Assessor name | | | Date issued | Completion date | Submitted on | 5th September 2013 | 29th November 2013 | 2nd December 2013 | Qualification | Unit number and title (Credit Value) | BTEC Level 3 Subsidiary Diploma in BusinessBTEC Level 3 Diploma in Business | Unit 1- The Business Environment Credit Value- 10 | | | Assignment title | | The aim of this unit is to give learners the fundamental knowledge of a range of business organisations, and the many factors that shape the nature of organisations operating in an increasingly complex business world. | | Assignment title | | The purpose of this assignment is to: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes 3. Know the impact of the economic environment on businesses 4. Know how political, legal and social factors impact on business. | ScenarioYou work for the Chamber of Commerce as a Business Adviser and have been asked to visit businesses in the local area to outline to them the variety of businesses which exist and to explain to them the factors which...

Words: 2740 - Pages: 11

Premium Essay

Managing Human Resource

...ESSEX INTERNATIONAL COLLEGE Programme: Unit Number: Unit Title: Unit Code: Credit Value: QCF Level: BTEC Higher National Diploma (HND) in Business 22 Managing Human Resources F/601/1268 15 4 Writer of the brief: Internal Verifier name: Dr K Hoodless Dr M Rahman Learning outcomes and criteria covered by this assignment:    All pass criteria All merit descriptors All distinction descriptors Key dates: Assignment distribution date to learners: Assignment submission date for TASK 1 & 2: Assignment submission date for TASK 3 & 4: Assignment returns date to learners (if applicable): 14 May 2013 21 June 2013 02 August 2013 10 September 2013 Page 1 of 12 BTEC HND in Business/ Managing Human Resources/May 2013 -BLANK PAGE- Page 2 of 12 BTEC HND in Business/ Managing Human Resources/May 2013 Introduction The aims of this assignment are to measure the outcome of students’ learning in terms of knowledge acquired, understanding developed and skills or abilities gained in relation to achieve the learning outcomes. The aim of this unit is to develop an understanding of the theory and practice of human resource management focussing on current human resources practice and the impact of topical issues and legislation. Edexcel Grading Criteria The assignment/portfolio will be assessed according to the following grading criteria: PASS Criteria: LO 1 Understand the different perspectives of human resource management 1.1 Explain Guest’s model of HRM (P1) 1.2 Compare...

Words: 2580 - Pages: 11

Premium Essay

Strategic Alliance

...ACCA QUALIFICATION COURSE NOTES Paper P3 BUSINESS ANALYSIS JUNE 2012 EXAMINATIONS OpenTuition Course Notes can be downloaded FREE from www.OpenTuition.com Copyright belongs to OpenTuition.com - please do not support piracy by downloading from other websites. Visit opentuition.com for the latest updates, watch free video lectures and get free tutors’ support on the forums To fully benefit from these notes do not forget to watch free ACCA Lectures on our website Free ACCA Lectures and course notes by Paper (on line on http://opentuition.com/acca/) F1 Accountant in Business / FAB Foundations in Accountancy F2 Management Accounting / FMA Foundations in Accountancy F3 Financial Accounting / FFA Foundations in Accountancy F4 Corporate & Business Law (English & Global) F5 Performance Management F6 Taxation (UK) F7 Financial Reporting F8 Audit and Assurance F9 Financial Management P1 Governance, Risk & Ethics P2 Corporate Reporting P3 Business Analysis P4 Advanced Financial Management P5 Advanced Performance Management P6 Advanced Taxation (UK) P7 Advanced Audit & Assurance THE BEST THINGS IN LIFE ARE FREE For the latest free course notes, free lectures and forum support please visit opentuition.com/acca Paper P3 JUNE 2012 EXAMINATIONS For latest course notes, free audio & video lectures, support and forums please visit Paper P3 i JUNE 2012 EXAMINATIONS Paper P3 SYLLABUS 1 Aim To apply relevant knowledge, skills, and exercise...

Words: 43531 - Pages: 175

Premium Essay

Financial

...Very long and flexible | 80-100% + of home equity value | Cheapest, longest term | Your house is at risk in the event of non-payment | Suppliers | Free | 30 days +/- |   | Inexpensive, unsecured | Short term | Venture capital | 25-40% | 5-7 years | $500,000+ | Can get large amounts | Very hard to get; share ownership | Leasing companies | 12-18% | 5-7 years | Varies | Same as above; also 100% financing |   | Banks | 6-9% | 1-5 years | $50,000+ | Generally least expensive | Generally hardest to qualify for | Task 2: a) Importance of financial planning for Barlett Company Some important factors are given below for the company: - * It helps in managing income more effectively through planning. * Increasing cash flows by carefully monitoring company’s spending patterns and expenditures. * Allowing the company to consider investments to improve its overall financial matters. b) Information needs of the different decision makers In the below table briefly has been defined the topic. S. No. | Decision makers | Information needs | 1 | Top management; CEO, BOD | For formulation of long-term strategies for the company. | 2 | Middle management; managers (finance, HR, marketing) | For formulation of short-term strategies in order to achieve long-term goals. | 3 | Lower management; line managers, supervisor etc | For measuring their...

Words: 3585 - Pages: 15

Premium Essay

Ch. 14 Micro Test Bank

...Chapter 14 Firms in Competitive Markets MULTIPLE CHOICE 1. A firm has market power if it can a. maximize profits. b. minimize costs. c. influence the market price of the good it sells. d. hire as many workers as it needs at the prevailing wage rate. ANS: C PTS: 1 DIF: 1 REF: 14-0 NAT: Analytic LOC: Perfect competition TOP: Market power MSC: Definitional 2. A book store that has market power can a. influence the market price for the books it sells. b. minimize costs more efficiently than its competitors. c. reduce its advertising budget more so than its competitors. d. ignore profit-maximizing strategies when setting the price for its books. ANS: A PTS: 1 DIF: 1 REF: 14-0 NAT: Analytic LOC: Perfect competition TOP: Market power MSC: Applicative 3. The analysis of competitive firms sheds light on the decisions that lie behind the a. demand curve. b. supply curve. c. way firms make pricing decisions in the not-for-profit sector of the economy. d. way financial markets set interest rates. ANS: B PTS: 1 DIF: 1 REF: 14-0 NAT: Analytic LOC: Perfect competition TOP: Competitive markets MSC: Interpretive 4. For any competitive market, the supply curve is closely related to the a. preferences of consumers who purchase products in that market. b. income tax rates of consumers in that market. c. firms’ costs of production in that market. d. interest rates on government bonds. ANS: C PTS: 1 DIF: 1 REF: 14-0 NAT: Analytic LOC: Perfect competition TOP:...

Words: 34317 - Pages: 138

Premium Essay

Unit 13 Recruitment and Selection

...Unit 13: Unit code: QCF Level 3: Credit value: Recruitment and Selection in Business A/502/5434 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to introduce learners to recruitment and the importance of ensuring that the best people are selected to work in organisations. Learners will study selection and recruitment techniques and will set up, and take part in, a selection interview. Unit introduction Recruiting the right people is the key to the success of many organisations. These organisations ensure that the processes and procedures involved in recruitment and selection meet their needs and are legal. In this unit, learners will develop an understanding of the impact of the regulatory framework on the recruitment process. Potential applicants may decide to apply for a post based on the quality of information that they receive. Details of the post will usually be the first communication they have with the organisation. It is important that the organisation makes a good first impression on potential applicants to ensure that they attract sufficient applicants of the right calibre. Learners will develop their knowledge of the types of documentation used in an interview process. A structured and planned selection procedure is crucial to the success of the selection process. The impression a business makes may determine an applicant’s decision to accept an offer of appointment. Staff conducting the interview will also be forming their impressions...

Words: 4020 - Pages: 17

Premium Essay

Econ

...1. Improvements in technology for producing all goods must result in (A) an inward shift in the production possibilities curve (B) an outward shift in the production possibilities curve (C) a flatter production possibilities curve (D) a steeper production possibilities curve (E) greater unemployment of labor 2. The quantity of peanuts supplied increased from 40 tons per week to 60 tons per week when the price of peanuts increased from $4 per ton to
$5 per ton. The price elasticity of supply for peanuts over this price range is (A) Elastic (B) Inelastic (C) unit elastic (D) perfectly elastic (E) perfectly inelastic 3. Which of the following best describes the law of demand? (A) The price of a good increases when the demand for the good increases. (B) The price of a good decreases when the supply of the good decreases. (C) When the price of a good increases,
its demand decreases. (D) When the price of a good decreases, its quantity demanded increases. (E) Demand creates its own supply. 4. Assume that ice cream is a normal good. If the price of ice cream decreases, the substitution effect and the income effect will lead to which of the following changes in ice cream consumption? | Substitution Effect | Income Effect | (A) | Increase | Decrease | (B) | Increase | Increase | (C) | Increase | No change | (D) | Decrease | Increase | (E) | Decrease | No change | 5. Short-run marginal costs...

Words: 4124 - Pages: 17

Premium Essay

Proper Business Analysis

...Micro Chapter 22 Practice Problems #2 Key 1. One feature of pure monopoly is that the demand curve: A) is vertical. B) is horizontal. C) slopes upward. D) slopes downward. Answer: D 2. The demand curve confronting a nondiscriminating pure monopolist is: A) horizontal. B) the same as the industry's demand curve. C) more elastic than the demand curve confronting a competitive firm. D) derived by vertically summing the individual demand curves for the buyers. Answer: B 3. Under pure monopoly, a profit-maximizing firm will produce: A) in the inelastic range of its demand curve. C) only where total costs are zero. B) in the elastic range of its demand curve. D) only where marginal revenue is zero. Answer: B It shows the demand schedule facing Nina, a monopolist selling baskets. [pic] 4. Refer to the above table. What is the change in total revenue if she lowers the price from $20 to $18? A) $10 B) $20 C) $30 D) $40 Answer: C 5. Refer to the above table. What is the change in total revenue if she raises the price from $10 to $12? A) –$300 B) +$300 C) +$120 D) –$120 Answer: D 6. A profit-maximizing firm should shut down in the short run if the average revenue it receives is less than: A) average variable cost. B) average total cost. C) average fixed cost. D) marginal cost. Answer: A 7. A pure monopolist which is maximizing short-run profits will produce: A) on the elastic portion of the demand...

Words: 1447 - Pages: 6

Free Essay

Business Plan

...Restaurant and Catering Services A BUSINESS PLAN Presented to: The faculty of Hotel and Restaurant Management In partial fulfillment of the requirement In Bachelor of Science in Hotel and Restaurant Management : Purcia, Eunice Daniel, Katrina Marie Casamis, Kenneth Olino, Kim Christine joy October, 2012 [pic] Company Name Food Art Restaurant and Catering Service Company serves different kind of market. Food Art offers creative, colourful and unusual food options for customers as well as the traditional standbys. The service we offer is quite a change relative to the existing catering market which is stagnant. Food art will inject a new life into the catering market, leveraging our chef culinary skills to develop creative catering options. 1.1 Objectives The objectives for the first three years of operation include: • To create a service based company whose primary goal is to exceed customer’s expectations. • To increase the number of clients served by 20% per year through supervisor service. • To develop sustainable start-up business. • To develop enough cash flow to pay all salaries as well as grow the business. Location [pic] Food Art is located at regalado ave. cor dahlia st. west fairview quezon city 1.2 Mission To create a profitable catering restaurant with an exciting...

Words: 7527 - Pages: 31

Free Essay

Risk Assesment

...BTEC Certificate/Subsidiary/90-Credit Diploma Health and Social Care Task Specific Risk Assessment (P3) Company Name: NewVIc PROCESS / ACTIVITY |I am a NewVIc student, studying health and social care level 3. I have been asked to carry out a risk assessment of a part of the college. I| |have chosen the playground and the C block. The C block is the building where the main subjects are science, math and health and social | |care. Here there are labs, classes with computers and desks. I will carry out the risk assessment in a methodical way, starting from the | |bottom of C block to the top and one corner of outside to the opposite corner. The service users of these areas and building are the | |teachers, cleaners, students and visitors. My risk assessment is to improve the safety of the college for the staff, pupils and visitors. | | |LIKELIHOOD (Chances of occurrence) | |SEVERITY (Outcome) | |1 |Remote Possibility (Very Unlikely) |1 |Negligible/No Injury | |2 |Unlikely |2 |Minor Injury/Minor damage to property or person | |3 |Possible |3 |Major Injury/Disability/Serious damage to Property or person | |4 |Very Likely ...

Words: 2981 - Pages: 12