P1: Describe the main reason of accounting within an organization The purpose of accounting in Sainsbury’s it to record financial transactions, actual or planned. By using the figures given you can produce financial information. Here are some reasons why accounting in a business is important. Recording transactions is important for Sainsbury’s because by keeping up to date records this will allow them to have a smooth running business. Monitoring activity is important for Sainsbury’s because
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P1: Describe the recruitment documentation used in a selected organisation. If JDSport are looking to recruit workers to be behind the till and on the shop floor,. 1. they will advertise the job role, they can do this in many ways nowadays. 2. They can advertise the vacancy in a newspaper, 3. posters, 4. website, 5. web adverts. As the job role does not require very skilled and qualified people. The recruitment process will be a lot faster. When JD Sport advertise the vacancy they
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for and supply Tesco supermarkets. Out of the 500,000+ people working for the company internationally, over 310,000 work in the 3,378 UK stores. Their profit gain before tax is £2.3 billion. Internationally, there are exactly 6,784 stores, with the business making £70.9 billion group sale. Tesco compete against a wide range of supermarkets such as, Morrison’s, Sainsbury, Co-Operative, Aldi, Lidl and Waitrose, ASDA. They compete with them for customers to purchase their product for a fair price however
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outline the techniques used within both business’s. The companies I will be choosing will be Virgin from the private sector and the NHS from the public sector. Growth strategies The Ansoff Growth matrix is another marketing planning tool that helps a business determine its product and market growth strategy. Virgin have used growth strategies such as ansoffs matrix as they have concentrated hugely on market penetration because they are very competitive with prices, sales promotions and advertise to existing
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Communication Verbal Information – The sharing of information between two or more individuals by using speech. It is important for a business to use verbal communication in their work place as they would need to communicate with customers etc. Verbal communication is important throughout a business as it is used in all businesses and all sectors of a business. Workers using verbal communication must ensure that they are using the correct tone of voice and talking in a professional manor while in
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major British retailer which was founded in 1884 and operates 766 owned and franchised stores in the United Kingdom; and 418 owned and franchised stores in 51 territories in Europe, the Middle East, North Africa, and Asia. Type of business M&S is an international business because it is located in various other countries with the United Kingdom and 418 owned and franchised stores in 51 territories in Europe, the Middle East, North Africa, and Asia. M&S is in the private sector organisation because
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been asked to explain the international business environment in which a selected organisation operates. The selected business I have chosen is Tesco. What is international business? International business is a term used to describe any business transaction between two or more regions or countries. Many businesses operate internationally to attract more custom and expand their organisations to increase the income the business is taking. International business can include importing and exporting
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4 – Business Communication Introduction: In this assignment I am going to explain different types of business information, their sources and purposes and analyse different types of business information and their sources. Verbal information: Verbal information is given from one person to another by speaking; this can be done in interviews face to face and interviews over the phone. Tesco will have an internal human resource department where they would hire new staff to work for the business, or
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It is easy to create lots of data and then become disorganised very quickly. There are many different ways as to how data can be organised. You need to consider your other work colleagues who may need to find specific files at a later date, therefore it is important to decide on an effective way that works best for you and your team. To ensure your data is understood, you should try these different ways of organising data that are listed below: Name and organise your files. This allows you and
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Unit 18 Managing a Business event P1 Role of the event organiser The role of event organiser is different depending on the organisation and the kind of event involved. Activities normally include: ▪ Investigating into markets to identify opportunities for events; ▪ speaking with clients to understand their precise event requirements; ▪ producing detailed ideas for events (e.g. venues, suppliers, legal obligations, timelines, staffing and budgets) ▪ Organising a budget with the client
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