TASK 4 For the business owner‚ the risks must be known and a strategy on how risks will be managed needs to be in place. 4.1 IDENTIFICATION OF RISKS • Strategic risks The risks of having other competitors entering the same market in a short time is high since the capital required is low and no stocks are required. • Compliance risks Laws are constantly changing and new regulations are always emerging which could: • Hinder or change the operations • Increase the costs of overheads • Financial
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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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TESCO Type – Tesco is one of the biggest Supermarket in the UK. It is not a local or a national business as they have shops all around the Europe. Tesco is a global business as it got stores in 14 countries across Asia‚ Europe and North America. Tesco belongs to the private sector which is run by private individuals or groups and is not under the government control. Tesco belongs to the tertiary sector because it provides goods and services to their customers. Purpose – Tesco’s main
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7th April at 5pm. Paper copies will also be accepted. This assessment has two parts: 1. Preparation and Research (Not assessed) A. Choose a producer. You are advised to check your choice of producer with the teacher to ensure it is suitable. B. Gather information about the production decisions of your chosen producer. It is expected that information will be gathered in your own time. Decision 1) Hell Pizza have done a lot of non-price marketing including gifts‚ advertising‚ branding (developing
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When I come to market my business‚ I will seek to create the following marketing materials‚ which can be used in varying ways and for varying purposes. Setup a website‚ which will be included on all of my printed marketing materials. I will also ensure that the website contains the relevant meta tags within it to ensure that it’s listed as one of the primary results in a search when particular criteria is entered (i.e. Stockport childminder). I will also consider periods of Google Paid Searches
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Diageo is a business that operates in the beverage industry. To be considered a beverage industry a business must sell beverages. They are based in London which is located in the United Kingdom. They have been in business since 1997 and have a rich heritage before 1997 with other companies. Diageo sells many alcoholic beverages in many countries around the world. They “operate production and distribution facilities that include malting‚ distilleries‚ breweries‚ packaging plants‚ maturation warehouses
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Coursework front sheet ( for Portfolio) Student name: Assessment 1 AS1 : Portfolio Tutor : Date : Grade Awarded : Key assessment criteria A Very Good B Good C Sound D Some serious weaknesses F+ Marginal Fail F Fail/ Unsatis-factory Completeness of Portfolio meeting all the task requirements Lexis‚ structure and use of English ( grammatical accuracy ) Language appropriacy with clear evidence of objective & subjective styles as appropriate
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Suppliers and the ordering process The ordering process can sometimes be a source of unnecessary costs. This might happen as OBS deals with too many suppliers and there is no clear ordering policy or guidelines as ordering is not centralised. Thus there are insufficient internal controls against mistakes and/or fraud. Reducing the number of suppliers that OBS deal with can often result in savings‚ especially if it gives you the opportunity to improve relationships with the remaining suppliers and
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colleague adapt and learn as much as possible. It is important that one to one meetings are held so that the progress can be checked and any questions can be answered. This information needs to be kept between the Buddy and their colleague only. When I first started working for the London Borough of Havering‚ my manager was my buddy. She would help me pick up on the jobs that we completed on a day to day basis as well as providing
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BTEC Level 3 Diploma in Business Unit # 01: The Business Environment Learner Name Learner ID BTEC Registration No : Activity Date Issued Completion Date Submitted on Report Writing Assignment Reference L3 Unit 01 Assignment 01‚ Learning Outcome 1 & 2 This brief has been verified as being fit for purposes Assessor Signature Date Internal Verifier Signature Date Assignment 01‚ Learning Outcome 1 & 2 Assignment Title Business environment of two different organisations
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