about Business plans What is Business Plan? Definition: “A written document describing the nature of the business‚ the sales and marketing strategy‚ and the financial background‚ and containing a projected profit and loss statement” (Small Business Encyclopedia) Business Plan is a document that describes what you intend to do in future concerning development and promotion of your business and how you plan to do it. So business plans are inherently strategic. In few words‚ a Business plan conveys
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decisions a business must decide their method of marketing. This will then be the way in which all future marketing activities will be planned. This is marketing planning. It has a huge number of benefits for any business. It’s influenced by the strategic plans of the business and its corporate objectives. Large public limited companies such as Nestle will usually have an overall plan for the business and has set objectives which they’re able to achieve. Smaller companies within the business will then
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ROLE OF COMMUNICATION IN BUSINESS The term business communication is used for all messages that we send and receive for official purpose like running a business‚ managing an organization‚ conducting the formal affairs of a voluntary organization and so on. Business communication is marked by formality as against personal and social communication. The success of any business to a large extent depends on efficient and effective communication. It takes place among business entities‚ in market and
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What is the purpose of business? Discuss. INTRODUCTION 1 At a dinner party a doctor‚ a lawyer and a businessman are sitting around the table chatting and talking about their life and work. At one point another man approaches the table and asks the three men what the purpose of their jobs is. The doctor immediately responds that he wants to help people and save life. The lawyer takes over and says he fights for justice and equality but when it comes to the businessman to answer the question
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population‚ owned 45 percent of the wealth in cities‚ and they include senior leadership‚ all kinds of stars‚ businessman‚ etc. From the current situation‚ consumers of luxury cars can be divided into three kinds of people. Firstly‚ business elite who make great progress in business; secondly‚ the rich whose fame is well known to public; thirdly‚ second generation who enjoy their rich life. They are all potential consumers of luxury car. For second generation‚ the number of them grows very fast and their
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Unit 1 Assignment: Business Environment Understanding the organisational purposes of businesses. A number of business organisations exist in society today ranging from small‚ sole traders to large multinational organisations and although they share the common goal of generating profit‚ their purposes and objectives differ. Organisations take on a number of different and can be placed in to three main categories – private sector‚ public sector‚ and voluntary sector. Private sector organisations
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Like Oxfam‚ ASOS claims to have four main stakeholders. The first of which is their suppliers. A supplier looks for long term contracts and prompt payment. If the suppliers are unhappy with their contracts then this may lead the quality and product availability to decrease. The suppliers will influence ASOS to make prompt payments in order to keep their contract. The second main stakeholder for ASOS would be their customers. The customers look for good quality products at a good value. In addition
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STATEMENT OF PURPOSE I am entering the most crucial phase in my life; a phase during which I need to make significant academic decisions that will have a bearing on my future life and career. After thorough introspection of my strengths and interests I have concluded that a program that integrates Economics‚ Accounts and Business studies is the most appropriate choice for me. My father is a Fellow Chartered Accountant and Associate Cost and Works Accountant. He works in the area of international
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Introduction In this assignment I am going to identify the purposes of different types of organisations‚ describe the extent to which an organisation meets the objectives of different stakeholders and explain the responsibilities of an organisation and strategies employed to meet them. I am also going to give examples based on my own personal experience. Identify the purposes of different types of organisation Business organisations can be divided mainly into two sectors. The private sector
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For my first research I chose a company that positions itself as a service. The company‚ called LOOKSLR‚ suggests customers to buy and sell clothes. Let’s run through the interview below. — Hello‚ Kairzhan. Tell us please‚ how did you come up with the idea of personal sales service? What has inspired you? — One day I noticed that my wife is trying to sell the blouse she bought via internet. She was chatting with her friend‚ offering her to buy this blouse. In her offer she described the clothing
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