An Inventor and His Struggles to Start His Business Troy Wollenbecker AIU Online Abstract Troy has an invention that he wants to start a business around. He finds out very quickly all the questions he needs to find answers to. Troy has a family and low net worth to get things moving. Troy also knows little about managing and financial responsibilities of running a business. These are all struggles Troy faces in the midst of inventing and patenting my project. Making the correct decisions
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will be talking about key stakeholders who influence the purposes of two businesses, the business I have chosen are Tesco and Asda. Also I will be talking about the interest of owners, customers, suppliers, employees, trade unions and shareholders have in the businesses. Another point I will be talking about is why business have to consider local communities and pressure groups when operating their business. Tesco and Asda key Stakeholders are; Customers: Customers want good quality products and
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types of business ownership and the sector which it operates in, the size, the scale, the size of the industry, the liabilities it has and the advantages and disadvantages of the business ownership. Type of Business Ownership and Business Sector | Snac Attack | Cameron Blake Chartered Accountants | Sole Trader- A sole trader is a business which is owned by one person. The owner can employ others but they are their responsibility.A sole trader operates in the private sector. | Business Purpose
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Section 1 Many type of organization exist depending on their aim and purpose. Organizations need to meet the needs of their owners, the stakeholders, and the customers. Some are created to make profit, some are charity, and others are governmental created to serve society. 1. Public Sector, Government organizations exist to serve society, economic development of the country and defense e.g. NHS Healthcare system, the police force. Services are provided despite the individuals ability to pay
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The task of this assignment was to do some research, gather information and process the information to better understand a product. In this week we decided to look at our local pizza spots and see how good the deals really are. I chose two locations that I eat at on a regular basis and I was very surprised at what I discovered. In order to set a baseline for this project I chose to stick to the Small, Medium and Large Pizza deals. These prices are all based on a one topping peperoni pizza. In both
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P6 - Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Political Factors: Tesco Government support with an organisation as big as Tesco's there will be many topics that may affect them. For instance political. This could include government support, provide, enhancing skills of the working population of Tesco's which may include training days or induction days if you have just been previously employed
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A stakeholder is anyone who has an interest in what a business does or an influence upon the business. BT has many stakeholders, for example, internally there are employees and externally there are suppliers and the government. All stakeholders have an interest in the business so they therefore have an influence in BT in one form or another. Within BT there are many different stakeholders that work together. For example employees may communicate with directors and managers. However, not all of these
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These ways include; verbal, written, on-screen, multimedia and web-based. P1 Verbal Face-to-face verbal communication is the simplest type of communication to understand, people are less likely to misinterpret things that are being said. In the business environment it is not always possible to meet in person and is more convenient to talk on the telephone. Telephone conversations are also an effective way of communicating and it is important to use a variety of different methods. There are many
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retaining the right people Edexcel BTEC L3 Business Studies Unit 2 Business Resources I have gained an internship at my school, and I will spend 6 weeks supporting the human resources department. Currently the most experienced member of the human resources department, is away on long term sick leave. The school is looking to make sure I can help maintain its ability to recruit the right staff and control their financial and non-financial resources. Task 1 Describe the recruitment documentation used
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retaining the right people Edexcel BTEC L3 Business Studies Unit 2 Business Resources I have gained an internship at my school, and I will spend 6 weeks supporting the human resources department. Currently the most experienced member of the human resources department, is away on long term sick leave. The school is looking to make sure I can help maintain its ability to recruit the right staff and control their financial and non-financial resources. Task 1 Describe the recruitment documentation used
Words: 4430 - Pages: 18
