Economic environment The economy is made up of millions of individual decision makers who buy and sell goods‚ borrow and lend money and raise taxes and change interest rates. The most important of these decision makers are consumers and suppliers (from the business point of view) Consumers: Buy goods and usually look for value for money. Suppliers: Supply goods to other businesses and to customers. Although the economy is made up of millions of individual separate decision makers‚ there are still
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P5 In this publication‚ I will be speaking about how different businesses have experienced financial boom and recession. The two businesses I will speak about are: Marks and Spencer’s and Primark. I feel that these two businesses will provide so much information about their experiences of booms and recessions. Marks and Spencer’s was founded in the year of 1884 by Sir Michael Marks and Thomas Spencer in Leeds. Since founding this worldwide organisation‚ they have had over 1010 stores open and fully
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P5 – Profit & Loss and Balance Sheet Profit and Loss Sheet: | |£ |£ | |Sales: | |80‚000 | | | | | |Less Cost of Sales: | | | |Opening stock |32‚000 | | |Purchases |6‚000 | | |Less Closing stock
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P5 A profit and loss account is what a business uses to keep track of their finances throughout the previous twelve months. Keeping profit and loss accounts is very important because it helps the business keep track of what they are spending. It is important that a business keeps track of their finances so that they know how much money they expect to come in to the business and if they need to prepare for a drop or rise in profits. Keeping profit and loss accounts allows the business to see
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Supporting individuals to express their needs and preferences: Promoting individual’s rights‚ choices and well-being: By providing the patients with things that they prefer or links with their beliefs such as Halal food‚ Sunday church visits etc. all expresses the fact that their needs have been considered and are being met it also shows a sense of respect. Supporting individuals to express their needs and preferences: Promoting individual’s rights‚ choices and well-being: By providing the
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P5 - Describe the influence of two contrasting economic environments on business activities within a selected organisation We are going to investigate the way in which the economic climate has affected Sub Xpress (based in the UK) and BMW (based in Germany). Introduce the two businesses. Inflation Define inflation You need to describe the current inflation rate in the UK. Include a graph. Explain what this means to Sub Xpress Think costs to the business Think prices to the customers
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For P5‚ learners must describe the processes to be followed when clearing and vacating the event. They must include how the event evaluation should be co- ordinated‚ the preparation and circulation of materials‚ and any budgetary reconciliation. Evidence can be in the form of a report or presentation. When the event organiser books the venue for an event‚ the company that is supplying the venue to you will set you a time in which people must start attending to the venue and a time in which people
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Unit 4; P5- Lesson plan Activity number: 3 Date planned: Setting: Age of children: 6-8 Number of adults: 1 Planned activity: Number bingo (table top activity) Structured/unstructured: Structured Immediate context: Classroom Type of supervision planned: Resources and equipment planned: Board game Counters Big foam dice Prizes (1st‚ 2nd‚ 3rd prize and packet of everyone for taking part) Preparation time: 5-10 minutes Activity time: 20-30 minutes Health‚ safety and hygiene
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Public health Methods of promoting and protecting public health P5 P6 The main aims of public health are to improve the health of the nation‚ this has many benefits as it reduces the amount of illness and disease in the population‚ reduces the cost of healthcare provision to the NHS‚ it improves life expectancy‚ and also educates individuals to take responsibility for their health. Another aim of public health is to reduce health inequalities‚ this is done by targeting those who are vulnerable
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Unit 19 P5 Team name: Team four (Sean‚ Danny‚ Charlotte‚ Dillon.) Team Leader: Sean Market research/ how we decided on product prices and promotion Product At the start of the project we all had a meeting together to discuss what would be the most suitable and the most popular products to sell within the college. We wrote down all the possibilities such as fizzy drinks‚ raffle tickets‚ cakes etc. In the end we decided we wanted to do something with sweets‚ as there are many vending machines in
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