The purpose of business activities(prepared by Lincoln Henry) Business is the production of goods or provision of service with the aim of making a profit. Production – is the process of transferring raw materials into semi – finish of finish goods. Provision – making something available. Good – is a tangible item that one can see‚ touch and that is portable. Service – is intangible‚ it is something that one can experience and enjoy. Profit – profit is cost of production minus sales
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Activity 1: investigate what a business is and what businesses do. Introduction: My Businesses. I was asked to choose two businesses which one has to be local and the other has to be national. For this I have chosen Tesco and Sandwiches by Sue as my businesses because I can easily research about them as family and family friends work in both of the businesses‚ which means my research will be more accurate. I have also chosen them as they both have a store near to me (Tilbury Essex). I have had
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TOPIC Analyzing the Proposition that coordination and motivation of business activity is achieved predominantly through organizations rather than the market Abstract This paper focuses on the analysis on the measure of contribution to the coordination and motivation of economic activities by organizations and the market. The analyses were based on my perspective of the Nigerian and global economy. The writing was based on personal experience and observation of the Nigerian and global
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service (regardless of your department‚ designation or responsibility) is to focus on the needs and expectations of the customer. Customer Service Dwyer defines that a customer is anyone who seeks or purchases goods and services from another. Business organizations exist to serve its customers by meeting their expectations and fulfilling their needs‚ it has become a challenge for the organizations as well as the customer relation employees to be seen as the best in the market. Due to this increasing
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B203 Business Functions in Context – Revision Notes Introduction * Communities of Practice (Wenger‚ 2007) - are groups of people the come together to share knowledge and experiences and learn from one another whilst providing a social context for that work. Three characteristics are crucial: 1. The Domain - It has an identity defined by a shared domain of interest. Membership implies a commitment to this and therefore a shared competence that distinguishes members from other people
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Name: ogundeinde a.m Program: business computing And Information technology Course: entrepreneurship Term paper on: entrepreneurship And Organic business function ENTREPRENUERSHIP AND ORGANIC BUSINESS FUNCTION Every organisation‚ be it private or public required individuals to pilot the ship of operation to achieve desired objectives of the organisation. Entrepreneurship is the activity of an entrepreneur who uses the human
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You are invited to complete a business plan activity. The business plan is designed to help you communicate what your business will look like as you start and what your goals are for the future. Please review the instructions below. Business Plan Business Plan 1. Provide complete answers to each question. Be specific in your responses. 2. You are expected to utilize any research you have done or knowledge about the business to describe your plan. 3. Be sure to describe your rationale for crucial
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management thoughts. Q3) Define leadership. Explain the features and importance of Mc Gregor’s theory X and Y? Q4) Are strategies and policies as important in a non business enterprise (such as a lobour union‚ State Department‚ a hospital or a city fire department) as they are in a business? Why and how? Q5) Your Company offers you a promotion to a position in a location your family does not like. Make the necessary assumptions and then state how and what you would
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Q1. Explain EVA an MVA and how they are calculated and how they compare with traditional measures of a firm’s financial performance. A1: Economic Value added (EVA) is a financial performance method to calculate the true economic profit of a corporation. EVA can be calculated as Net Operating Profit After Tax minus a charge for the opportunity cost of the capital invested. EVA is an estimate of the amount that earnings differ from the required minimum rate of return for shareholders or lenders. The
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Job analysis is important to HR managers because information gathered in job analysis is used in so many HR activities/functions. Describe how job analysis information is used in four different HR activities/functions. A job analysis is important because HR managers need to have information regarding each and every job that their employees perform and employees need to know what is expected of them. This includes the employees’ duties‚ responsibilities‚ skills‚ general abilities‚ and knowledge
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