organization P1 * Purpose of Accounting in Business The main aim of any business is to earn profits and also to remain solvent‚ i.e.‚ it should have enough resources to pay its employees‚ creditors and to carry on with the day-to-day activities of the business. The main purpose of accounting system is to prepare financial statements‚ that will help the various external and internal parties of the business to appraise the profitability as well as the solvency of the business. The three main
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Unit 38- P1- Explain the effects of changes in the economic environment in a selected business. Introduction In this report I am going to explain the effects of changes in the environment for JLR. What is the business cycle? Explain all five stages of the business cycle? Growth In 2008 Tata Motors acquired Jaguar and Land Rover from Ford. Tata Motors merged the two marques into a single company and officially joined together in 2013. Their sales and profits have risen every year. At the start of
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Task 1 (P1) Describe the purpose of accounting for Marks and Spencer. Cover: a) record transactions; b) monitor activity; c) control; d) management of the business (planning‚ monitoring‚ controlling); e) measurement of financial performance (gross profit‚ net profit‚ value owed to and by the business) N>B> Find out if M+S is making a profit or a loss and find up to date data a. This is used to record accurate and up to date information and to upkeep the smooth running of the business. The business
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this assignment I will be explaining different types of business information‚ their sources and their purposes. Introduction Information comes from a wide variety of sources and an effective business will research information from a range of sources before making decisions. These types of information consist of Verbal‚ Written‚ On-screen‚ Multimedia and Web based. The purpose of information is that an organisation without information the business would be in the dark and would not be able to make informed
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P1 Describe the type of business‚ purpose and ownership of two contrasting businesses. In this task I will be stating the purposes of two of the contrasting businesses which are a LTD and a PLC. (New Forest Ice Cream and Thorpe Park) First of all I will look at the businesses individually and taking into account which type of business it is and its objectives. There are two main types of a limited company; A public limited company‚ (PLC) is normally a big‚ well-known business. This could be a business
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P1- Outline the web architecture and components which enable internet and web functionality. Part 1-Website Architecture Internet service provider is a company that provides the individual with access to the Internet and other related services such as Website building and virtual hosting. The IPS contains the equipment and telecommunication line access which is needed to have a point of presence (which is an access point from one place in to the rest of the internet) on the internet for the geographic
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Principle psychological perspectives Psychology is the study of the brain‚ stemming from the greek word ‘psyche’ meaning the mind‚ and is made up of man different theories and perspectives. Each of these look at the human mind and find different explanations for how it works and how people behave. Some of the key psychological perspectives are; Behaviourist Social Learning Psychodynamic Humanistic Cognitive Biological Behaviourist Theory The behaviourist theory of psychology was founded
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Website Design Strategy P1 - Describe how three contrasting organisations use their websites for business purposes Website Description of core business Purpose Users of the site www.nhs.co.uk NHS Choices offers a wide range of resources that can support health and care professional in their work with patients and clients. It’s a business in the public sector which means it is owned by the government. It ensures that good healthcare is available to all‚ regardless of their financial status
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P1 - To identify the differences between start up‚ operating costs‚ variable costs‚ and fixed costs. Managing Business Expenses In this leaflet I will be elaborating on the terms start-up costs and operating costs. I will provide examples for both cases and show the comparison between the two .Having done that I will also provide‚ in detail‚ definitions for both variable costs and fixed costs. Both accompanied by examples. Start-up Costs: Start-up costs are incurred before a business operates
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P1 – Describe the Type of Business‚ Purpose and Ownership of Two Contrasting Organisations In this task I will be investigating two different types of businesses and will be comparing them with each other. I will be first talking about the public sector‚ Sir John Cass and Redcoat school. The private sector I have chosen for this task is Blue Inc. Sir John Cass and Redcoat School. Sir John Cass and Redcoat school is a public sector‚ owned and organised by the government‚ in tower hamlets.
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