...St Cuthbert Mayne COURSE: BTEC Extended Diploma in Business (QCF) COHORT: 2014 - 2016 UNIT: 1 – The Business Environment (10 Credits) ASSIGNMENT 1 – Two Businesses on our Doorstep Learner Outcomes: 1. Know the range of different businesses and their ownership 2. Understand how businesses are organised to achieve their purposes Scenario: You work as a junior journalist for the local newspaper which is planning to run a feature article on local businesses Task: 1. Learners must describe (P1) the type of business, purpose and ownership of two contrasting businesses 2. Learners must describe (P2), explain (M1) the different stakeholders who influence the purpose of two contrasting businesses 3. Learners must describe (P3) how two businesses are organised 4. Learners must explain (P4) how their style of organisation helps them to fulfil their purpose 5. Learners evaluate (D1) the influence different stakeholders exert in one organisation TIP – Include the following: Range of different businesses Local, National, International, Global, Public, Private Not for profit/voluntary Sectors of business activity (primary, secondary, tertiary) Business purposes Supply of products or services, Difference between profit and not-for profit organisations Ownership Public, private & voluntary sectors Types of ownership (sole trader, partnerships, private and public limited companies, government agencies, worker cooperatives, charitable trusts) Main implications...
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...Unit 1 – The Business Environment P1 – Describe the type of business, purpose and ownership of two contrasting businesses Done by Fatima Shafique 12 G2 * Emaar (Profit orientated business) Emaar is a real-estate company which is based in the United Arab Emirates. It is currently the Persian Gulf region's largest land and real estate developer. With over 60 companies, Emaar's activities include property investment and development, property management services, education, healthcare, retail and hospitality sectors, as well as investing in financial service providers. Type of ownership: Public Joint Stock Company (public limited) Liability: Limited liability Size: Emaar is extending its expertise in developing master-planned communities internationally, and has a significant presence in several key global markets with established operations in the United Arab Emirates, Saudi Arabia, Syria, Jordan, Lebanon, Egypt, Morocco, India, Pakistan, Turkey, USA and Canada. It employs over 10,000 people and has over 60 companies. Revenue: $3.307 billion (2010) Sector: Secondary sector Purpose: to transform Emaar into a one-stop, global solution provider for lifestyle, including homes, work, play, leisure, retail, health, education, finance, industry and more. * Dubai Autism Centre (Nonprofit organization) Since November 18th2001 The Dubai Autism Center began the creation of its various services targeted towards encouraging...
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...Unit 1 Ferdi Dinç IBM-0-3-D ---MBO BUSINESS SCHOOL--- 2013-2014 Table of contents * Pass 1 - Mercedes-Benz - Clini clowns Assignment 1: Select a profit and a non-profit organisation. Profit: Mercedes-Benz Non-profit: Clini-Clowns Assignment 2: Write two summaries for the companies that you have chosen. Profit: Mercedes-Benz: The profit organisation which I have chosen is Mercedes-Benz it’s a automotive brand that comes from Germany. History of Mercedes-Benz: Mercedes-Benz traces its origins to Karl Benz's creation of the first petrol-powered car, the Benz Patent Motorwagen, patented in January 1886 and Gottlieb Daimler and engineer Wilhelm Maybach's conversion of a stagecoach by the addition of a petrol engine later that year. The Mercedes automobile was first marketed in 1901 by Daimler-Motoren-Gesellschaft. The first Mercedes-Benz brand name vehicles were produced in 1926, following the merger of Karl Benz's and Gottlieb Daimler's companies into the Daimler-Benz company. Mercedes-Benz has introduced many technological and safety innovations that later became common in other vehicles. Mercedes-Benz is one of the best known and established automotive brands in the world, and is also the world's oldest automotive brand still in existence today. For information relating to the famous three-pointed star, see under the title Daimler-Motoren-Gesellschaft including the merger into Daimler-Benz. * Formal name:...
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...Pass 1 Tesco Information from Tesco’s website suggests that Tesco PLC is the largest retailer in the UK and the fourth largest in the world. Tesco is an international company as their stores are scattered around twelve different countries around the world. The company employs 500,000+ people across the countries that work for and supply Tesco supermarkets. Out of the 500,000+ people working for the company internationally, over 310,000 work in the 3,378 UK stores. Their profit gain before tax is £2.3 billion. Internationally, there are exactly 6,784 stores, with the business making £70.9 billion group sale. Tesco compete against a wide range of supermarkets such as, Morrison’s, Sainsbury, Co-Operative, Aldi, Lidl and Waitrose, ASDA. They compete with them for customers to purchase their product for a fair price however, Tesco still need to make a profit on it. Tesco is a retailer and is therefore part of the tertiary sector, as it provides a service and sells goods for the publics’ needs. Its main intention is to make a profit for its shareholders. Tesco believe that success depends of people. “The people who shop with us and the people who work with us.” More evidence to suggest that Tesco is a retailer is that the company makes profits on their products. Tesco is a Public Limited Company (PLC) which is a business that is owned by its shareholders, run by directors, and more importantly, whose liability is limited. Limited liability means tat the investors can only lose...
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...that we have responsibility for developing ourselves…’ Remaining competitive in this ever changing global market is becoming increasingly difficult, putting pressure on managers to deliver consistently high standards of product/service delivery. Guskey (2001) asks that we recognise that professional development is a purposeful and intentional process, which is designed to evoke positive change within organisations. In order to maintain an effective and efficient workforce and to ensure that managers’ skills reflect this commitment to professional development then it is imperative that we, as managers, set personal and professional targets to ensure that our skills accurately reflect organisational goals and direction. Section 1: Demonstrate how you would assess personal and professional skills required to achieve strategic goals There exists a plethora of models to evaluate personal and professional skills but if we are to construct the most accurate and objective overview of our own development needs we must ensure that we do not interpret results in isolation; rather that we utilise a range of self evaluation models to illustrate a collective and more accurate profile of our learning requirements. By using a combination of Humphreys (2005) Strengths, Weaknesses, Opportunities and Threats (SWOT) and Aguilar’s (1967) Political, Economic, Socio-cultural, Technological (PEST)...
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...Introduction M&S is one of the UK’s leading retailers they sell stylish, high quality, clothing and food products, footwear, accessories, and household products. M&S is responsibly sourced around 2,000 globally Over the last 129 years M&S has grown from a single market stall to become an international multi-channel retailer. (M&S, 2013) Marks and Spencer is a major British retailer which was founded in 1884 and operates 766 owned and franchised stores in the United Kingdom; and 418 owned and franchised stores in 51 territories in Europe, the Middle East, North Africa, and Asia. Type of business M&S is an international business because it is located in various other countries with the United Kingdom and 418 owned and franchised stores in 51 territories in Europe, the Middle East, North Africa, and Asia. M&S is in the private sector organisation because it is part of the national economy made up of private enterprises. It includes the personal sector (households) and corporate sector (companies), and is responsible for allocating most of the resources within an economy. See also public sector (business dictionary, 2013) M&s is a large size business because there are more than 250 employees, M&S has up to 82,000 employees and the majority of the people are in the UK. M&s is in the tertiary sector because they are providing services to individuals and business an example of the type of service M&S would provide is they could provide fresh lingerie this would include:...
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...Name: Arsalan Anwar Business level 3 Unit 1: P1 Introduction: In this assignment I will be selecting two contrasting business which are going to be Tesco and Oxfam. I will be writing a written report describing their purposes and ownership, to do this I’ll talk about what goods and services they offer and to whom they offer these to. Finally I’ll talk about where they operate and which industrial sector of the economy they operate in. Introduction of Tesco Tesco is a massive company with high revenues, it is also a public limited company (PLC) that means it has limited liability, the meaning of limited liability is that the investor cannot lose more than the amount he has invested within the company intern this means that the investor is not personally responsible for the debts of the company so linking this to Tesco it will mean that if Tesco goes into debt the investors are not responsible to pay it off. The main aim of Tesco is to make profit and the reason it will make profit is because it is a well know and established company which has been trading for many years. It has over 2000 stores around the world and it is employing nearly up to 300,000 people which proves that it is a global organisation. Sector of the economy Tesco operate Tesco operates in the tertiary sector which is also know as the service sector and is one of the three main economy sectors, the tertiary...
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...Characteristics of The Sutton Business Environment In Sutton, there are multiple markets (Mass Markets being products that everyone buys, Product Markets being markets that control the supply and demand for those goods, while financial markets relate to buying and selling shares and stocks), from mostly the secondary and tertiary sectors. This includes banking (in the tertiary sector) and (manufacturing in the secondary sector). The Sutton area has the following markets in the secondary sector: * Manufacturing- Product Market * Construction- Product Market While, the Tertiary sector has the following markets: * Marketing- Product Market * Retail-Mass Market * Banking- Financial Market * Transportation- Mass Market * Health Care-Mass Market (If health care is private) * Education- Mass Market (Also if it is private) * Administration * Tourism- Mass Market In accordance with the Office of National Statistics, in the Sutton area, 11.29% of people aged 16-74 are economically active with part time jobs (they have jobs and contribute to the economy of the area), while 46.81% of people aged 16-74 are economically active with full time jobs. The average for people from London aged 16-74 with full time jobs is 42.64%, with the average for England being 40.81%. The unemployment rate in Sutton is 2.56%%, with the London average being 4.36%. The average household income per week is £700 with the London average being £840. This shows that while...
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...CPU stands for central processing unit and is a piece of hardware in the computer, the role of a CPU is to carry out instructions in the computer. The CPU produces a large amount of heat therefore it tends to be found underneath a heat sink and a fan. A heat sink and fan helps the processor to stay cool while it is running, this is to ensure that the processor doesn’t over heat. AGP stands for Accelerated Graphics Port, the AGP is based on the PCI but is designed for graphics. The AGP uses point to point channels to communicate with the graphics cards improving both the look and the speed of the computer graphics. RAM (random access memory) is type of computer data storage, RAM is a form of volatile memory and this means that when the computer is switched off the memory that was stored would be lost. Also RAM is only available to use...
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...Unit 1 - P1 Table 1 Types Of Ownership: | Definition: | Example: | Sole Traders | A sole trader business is owned and controlled by one person and the most common type of business. | Window CleaningPlumbing Electrical Work | Partnerships | A partnership is usually formed by signing a Deed of Partnership (which sets out how profits will be shared and the different responsibilities and payments to partners) with the paperwork being supervised by a solicitor. | Medical PracticeDental PracticeAccountantsSolicitors | Private Limited Company | Private limited companies tend to be smaller than public ones. Often family businesses. There must be at least two shareholders. Shares in private limited companies cannot be traded on the stock exchange. | Green EnergyJohn Lewis PartnershipVirgin Atlantic | Public Limited Company | Public Limited Companies have their shares bought and sold on the stock exchange. This allows the company to raise large amounts of capital very quickly. | ASDAMicrosoftBlackberryMcDonald’s | Government Departments and Agencies | They operate on behalf of the government and are staffed by civil servants, known in this department as customs and revenue officers. Civil servants are people who work directly for the government. Their job is to collect income tax & other taxes on behalf of the government, to collect repayments on student loans and make payments such as tax credits. | Child Protection AgencyCabinet OfficeDepartment For TransportNHS England...
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...P1: To outline the key features of the periodic table, atomic structure and chemical bonding. Atomic Structure and Periodicity In modern chemistry and physics it is agreed that the atom is made up of 3 key components: electrons, protons and neutrons. On the periodic table the position of an atom is decided by the number of protons and neutrons in the nucleus of the atom. The proton, electron and neutron all have different characteristic regarding mass and charge these are as follows: Particle | Relative Mass | Relative Charge | Proton | 1 | +1 | Neutron | 1 | ±0 | Electron | 1/2000 | -1 | Most of the atom is empty space, 99.9% to be exact. The 0.1% that is made up of the electrons in the shells and subshells. A proton and electron has an equal but opposite charge even though the difference in mass. Atoms can be identified by their mass numbers and atomic number. Each element changes depending on the structure, for example Carbon would have an atomic number of 6, and a mass number of 12. The name of the atom changes, if there is a change in protons it becomes a new element. If the number of neutrons changes then a new isotope is created In any element the number of protons is always equal to the number of electrons, unless the atom is an ion. In the period table elements are presented in a box with their atomic symbol, name, mass number, and atomic number. It is commonly displayed like this: When the number of neutrons in an atom changes it becomes...
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...P1 – Describe the type of business, purpose and ownership of two contrasting businesses The first Business I have chosen is British Airways, because of my interest in travelling. Also, I thought it’d be a very interesting and different company to choose and base my research on. British Airways, often shortened to BA, is the flag carrier airline of the United Kingdom and it is the largest airline in the United Kingdom based on fleet size. When measured by passengers carried, it is second-largest in United Kingdom, behind EasyJet. The airline is based in Waterside near its main hub at London Heathrow Airport. A British Airways Board was established by the United Kingdom government in 1972 to manage the two nationalized airline corporations, British Overseas Airways Corporation and British European Airways, and two smaller, regional airlines, Cambrian Airways, from Cardiff, and Northeast Airlines, from Newcastle upon Tyne. On 31 March 1974, all four companies were merged to form British Airways. After almost 13 years as a state company, British Airways was privatized in February 1987 as part of a wider privatization plan by the Conservative government. The carrier soon expanded with the acquisition of British Caledonian in 1987, followed by Dan-Air in 1992 and British Midland International in 2012. British Airways is a founding member of the Oneworld airline alliance, along with American Airlines, Cathay Pacific, Qantas, and the now defunct Canadian Airlines. The alliance has...
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...Factor (Political, Technological, Social) Name of organisation 1 impact on business activities and stakeholders. Name of organisation 2 impact on business activities and stakeholders. Consumer protection (Social) Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace. This also can be a political factor as it makes the information of the business correct to make sure the business is selling items honestly and fairly. Tesco uses Consumer Protection so that they do not advertise goods as something they are not and to make sure they have described the products correctly to the customers. This can affect Tesco as a business because if they were to sell products to Customers that are described as something else Tesco can get in to problems not following the consumer protection act. They would be heavily fined, which can then lead to bad publicity or some of Tesco's outlets can get closed which could mean that the business would lose a large part of its loyal customers and this could mean that the businesses reputation can go down. Tesco gives Customers the chance for a 28 day refund for goods that they do not want which means that the customers are able to return faulty goods that they have brought from the store or if they feel they do not want the product. This means that Tesco are following the law. This gives the customer the assurance that Tesco are doing...
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...Changing the importance of the three sectors 1. What are the 3 sectors of business activity? There are three sectors and they are: • The Primary Sector- this is the sector where raw materials are collected for example, farming, fishing and mining. • The Secondary Sector- In this sector the raw materials are manufactured and turned into a selling product, for example making a plastic bottle from oil. • The Tertiary Sector- this is the retail sector where the manufactured products are sold but also is where some businesses provide a service. 2. Copy the graph on pg 108 to show the changing employment levels in the different sectors over the last 20 years in the UK. This graph is showing us that in 1985 there use to be more employees in the more labour jobs like mining and quarrying, textiles and motor cars but in 2000 these had fallen instead there were more jobs in hotels and restaurants, recreation and sport than in 1985. 3. Explain 2 reasons why there has been a decrease in the primary sector in the UK: The primary sector has decreased because of advanced technology and everything is becoming automated. For example, in farms where raw materials were usually dug up by hand, they are now using machines to do it instead. This is because it is cheaper to buy machines as it is faster and more efficient. The result therefore is that costs are reduced and profits are increased, but also fewer people are needed to work in these sectors. 4. Explain 2 reasons why there...
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...For this assignment I will compare the challenges to selected business activities within my chosen business in two different economic environments. I will analyse whether national demand and GDP are rising or falling and how they are affecting my chosen business. Recession Recession is a significant decline in economic activity spread across the economy, lasting more than a few months. Recession would impact in Rudding Park Hotel due to the fact of recession effects. During recession, as sales revenues and profits decline, they will cut back on hiring new employees. In an effort to cut costs, they are going to stop buying new equipment and to develop new services. As declining revenues show up the price may decline. Dividends may also slump, or disappear entirely. Shareholders and advertising agency may become upset. Shareholders may call for a new CEO and the advertising agency may be dumped and new agency hired. When the stock falls and the dividends decline or stop, the investors who hold that stock may sell and reinvest the proceeds into better-performing stocks. The customers of the Rudding Park Hotel that owe it money may pay slowly, late or not at all. Then, with reduced revenues, the affected Hotel will pay its own bills more slowly or late. Late payments will reduce the valuation of the corporation's debt and ability to obtain financing. The Hotel's ability to service its debt, may also be impaired, eventuating in defaults other debt, further damaging the Hotel's...
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