Unit 2

Assignment brief | Unit number and title | Unit 2 – Business Resources | Qualification | BTEC Level 3 Certificate, Subsidiary Diploma & Diploma in Business | Start date | September 2010 | Deadline | December 2010 | Assessor | L.McNeill | CRITERIA COVERED | | | P4, P5, P6, P7, M3, M4, D2 D3. | | | | | Assignment title | The Role of Financial Resources | Purpose: The aim of this unit is to develop learner knowledge of the range of human, physical, technological andfinancial resources required in an organisation, and how the management of these resources can impacton business performance. | Scenario:You are going to interpret a given setof financial information on aselected organisation. Domestic Dog Homes specialises in supplying pet bedding for dogs in a range of sizes from miniature to giant dog size. They also cater for all ages, ie puppies to mature dogs. They stock innovative items such as dog tents for owners who like camping, and incontinence beds for mature dogs which do not leak and can be washed every day for a year.The company has a lot of competition, in particular from large companies like Wilsons and Pets at Home. However, due to the specialist nature of their products, they are continuing to survive. They are now interested in expanding their range to include brand new products from a leading designer which they feel will complement their current range. Before they take the plunge, they would like details of the state of their finances. | Evidence you must produce:Report back to stakeholders onhow financial resources impacton the performance of thebusiness. | Task 1For P4 you need to describe the sources of internal and external finance relevant to the selected business (Domestic Dog Homes). These should include areas from below: Internal sources: owner’s savings; capital from profitsExternal sources: banks e.g. overdraft, business loan, commercial mortgage, venture capital, hire purchase,leasing, factoring,