The Business life cycle can be split into 4 main stages. These are- Establishment‚ Growth‚ Maturity and Post-maturity. Post-maturity can be split into a further 3 “options”. These are- Establishment is when the business is created. In the phase‚ it is vital to create a strong foundation and secure income. You must make sure the expenses do not outweigh your income. You find it difficult to getting finance‚ due to low profit and sale levels from poor customer awareness. This can be very problematic
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Level 2 Certificate in Principles of Business and Administration Unit 1: Principles of personal responsibilities and working in a business environment Assessment Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible‚ use an example contract to support your answer (feel free to obscure any confidential information). [AC 1.1] 2a) List three key points of
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-products‚ marketing strategy -direct‚ indirect c. Competitive analysis -barriers External Market Environment. (Note: Include information on all categories that apply.) 3. Economic environment. a. Global economic situation b. Business life cycles c. Interest rates d. Consumer disposable income e. Consumer demand & spending patterns 4. Technological environment. a. New discoveries and innovations b. Speed of technology transfer c. Rates of obsolescence d. Social concerns
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Homework Set for Week 12: Answers Ning Gong Q1: Multiple Choice Questions: 1. Severe imperfections in the labor market arise from immobility of workers due to immigration barriers. As a response‚ firms should consider a) Moving to the workers. b) Moving to countries where labor services are the lowest in absolute terms. c) Moving to countries where labor services are underpriced relative to productivity. d) Hiring illegal immigrants. Answer: c) 2. Japan plays a major role as an exporter
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some ethical dilemmas that face managers in today’s work place. Some of the topics I will be talking about today are whistle blowing‚ hiring employees‚ firing employees and at the office gossip. I hope that you may get some tips on how to handle these situations within your company. A dilemma we may face as managers is whether or not to blow the whistle on an individual within the organization‚ especially when it is someone in a higher position than you. This becomes an ethical dilemma since we must
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Sabrina Negron Unit 4: Business Cycles and Concepts Abstract An employee of the World Bank has been asked to research unemployment concerns in Chile and to write a report of his/her findings. The employee has been asked to research data sets for unemployment and state the relationships between unemployment and Chile’s economy. The employee must answer what trends he/she finds in the data sets and to support those trends with statistical evidence. In today’s economic turmoil one only
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will outline the systems development life cycle as it pertains to both the development of a custom application and the selection of proprietary systems. The major types and classifications of health care information standards and specific organizations that develop and regulate standards will be explained. The need for security information systems will be revealed and the methods to accomplish security of these systems will be addressed. Three best practices for effective IT alignment and strategic
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History of knowledge management practices in the McKinsey & company This case tell us about how McKinsey and Company applied Knowledge Management practices in their company. McKinsey started to applied the knowledge management to face four things 1. the effect of economic turmoil of the oil crisis‚ 2. the slowing of the divisionalization process that had fueled the European Expansion‚ 3. the growing ot sophistication of client management‚ and 4. the appearance of the new focused
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outsource some of its parts to other company. Outsourcing was first carried out between companies in the same country. With the growth of economy and technologies‚ companies have to start to outsource the jobs to other companies from the other countries‚ such as China and India. That is called as offshore outsourcing. However‚ there are a number of problems with offshore outsourcing‚ such as risk of sharing data. Should the companies practice offshore outsourcing as a business strategy? Offshore outsourcing
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A Company is a legal entity made up of an association of persons‚ be they natural‚ legal‚ or a mixture of both‚ for carrying on a commercial or industrial enterprise. It is an artificial person created under law with a perpetual succession and a common seal. The company taken for this project is a Garment Company named Rider Exports. Rider exports is a joint venture having the vision of bringing the company to gain new heights and carve a name in the industry with their efforts and team of professional
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