The purpose of business activities(prepared by Lincoln Henry) Business is the production of goods or provision of service with the aim of making a profit. Production – is the process of transferring raw materials into semi – finish of finish goods. Provision – making something available. Good – is a tangible item that one can see‚ touch and that is portable. Service – is intangible‚ it is something that one can experience and enjoy. Profit – profit is cost of production minus sales
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TOPIC Analyzing the Proposition that coordination and motivation of business activity is achieved predominantly through organizations rather than the market Abstract This paper focuses on the analysis on the measure of contribution to the coordination and motivation of economic activities by organizations and the market. The analyses were based on my perspective of the Nigerian and global economy. The writing was based on personal experience and observation of the Nigerian and global
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customers. This topic would mainly cover how organizations must cater for their customers’ needs by making them feel comfortable and respected and by anticipating and meeting their needs for information and action efficiently and courteously. Objectives: By the end of this topic students will be able to: − − − Develop skills in customer service‚ particularly communication skills Recognize potential communication barriers in customer relations and how to overcome them Apply various strategies
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MANAGEMENT PRINCIPLES & OPERATIONS CONTEXTS BUSINESS ACTIVITY INDIVIDUAL ASSIGNMENT SUBMITTED BY: - SUBMITTED TO:- ANIL BISHT Prof. (Dr.) T. Muthukumar PTM1001014 Module Lecturer Business Activity:- The Functions and Purpose of Businesses - A Business Success? eBay was founded in 1995 by Pierre Omidyar. In just ten years eBay has grown into one
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1.1 Nature of Business Activity Factors of Production Land … all the natural resources Labour … all the human effort (physical and mental) Capital … the manufactured resource used in the production process Enterprise … the unique ability certain people have in organising factors of production Combining the factors Labour Intensive Capital Intensive Division of Labour and Job Specialization Benefits Increased Production Lower Costs Efficiency Standardization
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Activity 1: investigate what a business is and what businesses do. Introduction: My Businesses. I was asked to choose two businesses which one has to be local and the other has to be national. For this I have chosen Tesco and Sandwiches by Sue as my businesses because I can easily research about them as family and family friends work in both of the businesses‚ which means my research will be more accurate. I have also chosen them as they both have a store near to me (Tilbury Essex). I have had
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You are invited to complete a business plan activity. The business plan is designed to help you communicate what your business will look like as you start and what your goals are for the future. Please review the instructions below. Business Plan Business Plan 1. Provide complete answers to each question. Be specific in your responses. 2. You are expected to utilize any research you have done or knowledge about the business to describe your plan. 3. Be sure to describe your rationale for crucial
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Coordinates purchasing activities with engineering departments to acquire PES inventory in a cost-effective and timely manner. Prepare and negotiate contract with suppliers and develop cost-savings target. Evaluate market conditions to ensure cost-effective supply of PES commodity. Manage ongoing relationships with suppliers. May recommend cost saving proposals including make-versus-buy analysis‚ alternative sourcing and vendor evaluation criteria. Coordinates purchasing activities with engineering departments
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2013 Business plan “Bad is stronger than good. Getting rid of bad people is probably even more crucial than bringing in great people.” Bob Sutton---Fast Company Magazine March 2012 HR is like the flight attendant—tell story Single highest driver of engagement is whether or not employees feel their managers are genuinely interested in their well being. 2011 Towers Watson survey Biggest problem in the room—recruiting. Suprising considering the unemployment rate Keys to success in
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reviewing the goals of the business rewarding valued employees Working within the legal framework that regulates the employment relationship. Human resource management Human resource management -The process of managing staff within an organisation. It focuses on the relationship between the employer and the employee. By being proactive and adopting a long-term think approach‚ managers may seek to affect and improve a diverse range of human resource issues within the business. E.g. policies and practices
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