UNIT 1 The business Environment P5 Know the impact of the economic environment on business. Draft/version: 2 Tutor: M. Popescu Student: Luca Polak Class: IBS 1B Date: 18 January 2013 INDEX * Introduction page(s): 3 * Economic: page(s): 4 t/m 11 - Importance of stability; - Impact on business of changes in the economic environment; - Levels of inflation; - Availability and cost of credit; - Labour; - Changes in government policy. * Demand:
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BTEC National Subsidiary Certificate/Extended Diploma in Business UNIT 1: The Business Environment Assignment Date issued: week beginning 16th September 2013 Date for final submission: end of week beginning 20th January 2014 Introduction You will already be familiar with organisations through having dealt with them as customers or employees. One of the aims of this unit is to help you to build on these experiences and learn to ‘walk in the shoes’ of owners
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P5. Describe the influence of two contrasting economic environments on business activities within a selected organisation. There are two very important economic environments that effect Tesco‚ economic growth and the recession. An economic growth will be good for Tesco as business will be booming‚ more goods are being produced and profits are increasing. When this happens Tesco becomes a very high profit business and invest in new products or stores which can lead to Tesco being more profitable
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Task 1 P1 Hilton hotel (private sector) vs. Westminster Academy (public sector) Hilton Hotel Hilton Hotels & Resorts (formerly known as Hilton Hotels) is an international hotel chain which includes many luxury hotels and resorts as well as select service hotels. It was founded by Conrad Hilton and is now owned by Hilton Worldwide. Hilton hotels are owned by‚ managed by‚ or franchised to independent operators by Hilton Worldwide. Hilton Hotels became the first coast-to-coast hotel chain of the
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Unit 3 – Introduction to Marketing P1 – Task 1 What is marketing? Marketing is the function that connects businesses to their target audiences’ needs. It is how a business presents and distributes their product to their audience. For example‚ a business can market their product by advertising it to the public. This can be seen in many forms of media; such as: on television‚ via web‚ posters or on billboards. Marketing is the management procedure in which the product or service is moves
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CONTENTS PAGE Introduction……………………………………………………………….Page 3 First Organisation 1.0…………………………………………………...Page 3 Second Organisation 2.0……………………………………………….Page 3 What goods do Marks and Spencer’s sell? 1.1...............................Page 3 What service does Cancer Research offer? 2.1..............................Page 3-4 Business Activity 1.2…………………………………………………….Page 4 Business Activity 2.2…………………………………………………….Page 4 Business Sector 1.3………………………………………………..........Page 4 Business Sector
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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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P1 Businesses that are well known for providing superb customer service have several characteristics in common: they understand what customer service really means they understand their customers and aim to fulfil their needs in every way every single person in the organisation wants to achieve this aim Customer service is the customer’s complete experience‚ from the second they enter a business or view a website‚ to the after-sales service‚ such as spare parts or repairs. Superb customer
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unit 13 | 2011 | | Btec business level 3 Recruitment and -selection.Jean-Jacques | P1 Identify how two organisations plan recruitment using internal and external sources? My first organisation is Tesco because I think there internal and external is very basic to explain and I have a lot of knowledge. Internal recruitment: means that the person recruiting from the job will be taken from the organisation. In Tesco it will give current employee to get a promotion because it will be
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Task 1 Describe the type of business‚ purpose and ownership of 2 contrasting types of businesses. Sole Trader A sole trader is a business owned by 1 person. It does not have limited liability meaning that if it fails and creates debts the owner is personally responsible for this. Sole trader’s usually have to work long hours and learn about all the aspects of business as many start up businesses cannot afford to hire people to take on other tasks. The owner is responsible for everything that goes
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