National Diploma in Business Level 6 Business Environment Assessment \ People credited with this unit standard are able to: assess political‚ economic‚ and cultural trends monitor and evaluate new processes and technologies monitor the competitive environment and assess opportunities identify‚ research and evaluate opportunities for business development assess impacts of options on current business operations‚ and identify required changes to operational methods
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Know how political‚ legal and social factors impact on business. Scenario: You work as a junior journalist for a newspaper which is planning to run a feature article on UK businesses. You have been asked to produce an article on two contrasting businesses covering purpose‚ ownership‚ organisational structure‚ strategic planning and how businesses interact with their environments. Task 1 ( P1‚P3‚ P4) Submission date: w/c 14/1/12 Business organisations exist for many different purposes and have
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first day Jack Cohen made a profit on sales on sales of £4. By 1924 Jack had sold his first own branded product‚ which was called Tesco tea. Tesco was formed by the initials of TE Stockwell‚ who was a partner in the firm and CO from Jack’s surname. In north London Jack opened the first TESCO‚ the store only held dry goods and Tesco’s tea. Tesco expanded but the word ‘superstore’ was first used when Jack opened a store in Crawley‚ West Sussex. In 1996 Tesco Became a UK business 24 hour trading‚ this helped
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Business-to-Business Messages Comm/470 February 4‚ 2013 Communication is the process; through which sender conveys their messages to receiver. The communication can be in form of words‚ gestures‚ voice intonations and other symbols or signs. The communication process cannot be possible without any medium. In the communication process senders and receivers both are the parties involved. Apart from this communication process also needs the technology‚ tools and Channels. All the element of the
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figures. You may want to explain these with sentences. You can give examples to help illustrate the points you want to make. The answer should be clear‚ logical and cover all aspects of assignment question The answer should bring in the concepts‚ theories‚ and analysis tools to case questions. Question 1: Amazon’s business model was initially based on books delivered direct from supplier to customer‚ with its web site as the intermediary channel. Amazon also lost huge amounts of money for some
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asset management capability analysis and profitability analysis. At the end of this paper‚ the recommendations to Mr. Adkins about the investment of Lamar Swimwear are produced. Financial Ratio Analysis Liquidity analysis. The meaning of a company ’s liquidity is that the cash ability and the stability. Analyzing the liquidity we can get if the enterprise can repay long-term debt and short-term debt with its assets. This is the key point that distinguish the company can develop health or not. The
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References: Business Model Evaluation: Quantifying Walmart’s Sources of Advantage. (2014) (1st ed.). CNBC (Television network)‚ Films for the Humanities & Sciences (Firm)‚ Films Media Group. (2009). The New Age of Walmart. New York‚ NY: Films Media Group. Corporate.walmart.com‚. (2014). Walmart ’s 10 Rules for Building a Business. Retrieved 21 November 2014‚ from http://corporate.walmart.com/our-story/history/10-rules-for-building-a-business Crain‚ D. W Crain‚ D.‚ & Abraham‚ S. (2014). Using value-chain
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customs. They tried to mingle in the mainstream of Canadian society as well as to keep their own characteristics. Naheed Mustafa‚ the author of “My Body is My Own Business”‚ feels that wearing hijab gives her freedom in Canada. Almas Zakiuddin‚ the author of “Rediscovering Christmas”‚ believes that anyone could be free to celebrate Christmas in Canada. Both of the two authors are well educated Muslim women. They all live in Canada‚ and they both struggled with assimilation and dissimilation. Although
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BUSINESS SBA PRODUCTION DESCRIPTION The businesses I intend to open are a Bakery and also a mini Coffee House. The name of the business would be named after the two co-owners i.e. Richard and Stacy; Bakery and Coffee House‚(R&S Bakery and Coffee House). My business would be a partnership type business. In other words the owners would be employing the factors of production i.e. capital‚ land and labour. Advantages include expansion of business if production level and also profit levels are raised
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Formative Essay Business Ethics and Society ‘The main responsibility of business is to increase the profit for its shareholders – discuss ’. First I am going to explain the role of shareholders and how they affect the decision making of businesses. I will then discuss other stakeholders and the responsibilities that the business ‘owes’ to them. I also plan to look at examples of real life businesses that have made decisions based on the different stakeholder’s needs and wants and compare
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