...latest declared dividend if the business is a companyAmount of tax paid in latest accounts Facts and figures on the local people and organisationsTurnover of the business & facts and figures on number and type of customers, including market share | Internet Edexcel business textbookTalking to employeesTalking to the store owner | 2/2/2013 | 9th February 2013 | Attracting and retaining customers | Market shareProducts offeredPrices chargedPlaces where products are available, including onlinePromotion including activities other than advertising(Include evidence from 1. Compare and contrast main competitors) | Talking to the customersInternet Talking to employees | 2/2/2013 | 9th February 2013 | Conflict between stakeholders | An example of a situation when there was conflict between two stakeholders | InternetTalking to the employees | 2/2/2013 | 9th February 2013 | Evaluation of why stakeholders are important to Morrison’s PLC The meaning of stakeholders is when people or organisations have interest in the business. By having too many stakeholders it could cause a conflict between the stakeholders because different groups may have different interests. The stakeholders of Morrison’s PLC: * Shareholders (owners) * Customers * Employees (staff) * Suppliers * Local community * Government Shareholders Morrison’s PLC are owned by shareholders there are exactly 39,239 private shareholders that partly own the business, these private shareholders...
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...Edexcel GCSE Business Unit 2: Controlled Assessment Task 1 What would be the most suitable location for a small business to start up in your local area? Chicken cottage is one of the leading halal fast food services in Keighley which I am going to talk about. The original one was founded in 1994. In Keighley it is on the Cavendish high street. Their mainly are a fast food takeaway but can also eat inside so it is sort of a restaurant as well. It sells different types of chicken such as burgers, stake, etc. it is mainly a take away and you can also eat indoors. The four factors to do with location that I have decided to investigate are: Transport links, location of competitors, market (customers and population) and access to Labour. My primary research which I did was I went to Chicken Cottage to have an interview with the owner to find out why he chose the location for his business e.g. was it access to customers or staff, etc. I also carried out a primary research questionnaire of customers to see how they travelled to the restaurant and how far they were prepared to travel, etc. The location of the building is on Cavendish Street, Keighley. This is a busy high street. I also asked him if I could leave questionnaires for the customers he agreed For my secondary research I went online to see the competitors for his business, plus I researched if his business was easily accessible and it turned out that it was. I also got a number of the population of Keighley...
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... Masters degree ACCA Advanced Diploma in Accounting and Business Bachelor degree ACCA Diploma in Accounting and Business Certificate of Higher Education Intermediate Certificate in Financial and Management Accounting GCE Advanced Level Introductory Certificate in Financial and Management Accounting GCSE Level ACCA FOUNDATIONS: Introductory Certificate in Financial and Management Accounting FA1 Recording Financial Transactions MA1 Management Information Intermediate Certificate in Financial and Management Accounting FA2 Maintaining Financial Records MA2 Managing Costs and Finance Diploma in Accounting and Business FAB Accountant in Business FMA Management Accounting FFA Financial Accounting Foundations in Professionalism Module All of above plus two of the following: FTX Foundations in Taxation FFM Foundations in Financial Management FAU Foundations in Audit PROFESSIONAL ETHICS MODULE Diploma in Accounting and Business F1 Accountant in Business F2 Management Accounting F3 Financial Accounting Advanced Diploma in Accounting and Business SKILLS F4 Corporate and Business Law F5 Performance Management F6 Taxation F7 Financial Reporting F8 Audit and Assurance F9 Financial Management B. Sc in Applied Accounting Awarded by OXFORD BROOKS UNIVERSITY Foundation in Professionalism Module + Advanced Diploma in Accounting and Business Research and Analysis and Key Skills Statement ACCA QUALIFICATION ...
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...Strategic Plan, Part II: SWOTT Analysis Rich Bucceri BUS 475 May 28, 2012 Sarita Wesley Intro Utilizing SWOTT analysis for the Bucceri Insurance and Financial Services organization this paper will discuss internal and external factors to identify the right steps for the business to take to help be successful. SWOTT analysis will help guide upper management decide on what steps the business should take. Through a thorough SWOTT analysis we will look at the external and internal trends to identify strengths, weaknesses, opportunities and threats that the company could potentially face. SWOTT Analysis In order to conduct a successful SWOTT analysis we will need to assess the market, our company, and our competition. Additionally the organization will need to review any areas that could potentially generate a loss in sales or generated revenue. The first thing we will look at to identify potential future opportunities is our strengths and weaknesses. By identifying the current strengths the organization can identify what is currently working and if there could be any enhancements to make it better. By reviewing the weaknesses of the operation will help with identifying certain areas to alleviate as well as modify to hopefully at some point move into the strength column. Next the company will want to identify any opportunity that is where a need may exist and could potentially move into a profit. As a final piece the company will look at...
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...Abstract When a business concept is developed, there are many facets of the business that goes into play in developing the business idea. I own a clothing retail store Closet Connection, in developing this idea I needed to make sure that the elements of the business were structured properly so that the company could sustain in an uncontrollable fluctuating market. Running a clothing retail store has the ability to (1) allow me the owner to express my fashion forte, and (2) make decisions as to expansion, relocation and fashion trends as I see fit. The flexibility of ownership forces me to use creativity outside of the norm. Legal, Social and Economic Environments Casual Closet was established in 2009 by a couple who lives in the Suburb areas of Detroit Michigan. The couple opened this retail market in what is called a “Flea Market setting.” Because of the high rents associated with strip malls and shopping malls this was the most economical environment to start a new business. Casual Closet provides upscale urban wear for men and women at affordable prices. The store also carries handbags, scarves belts and a variety of fragrances. Casual Closet provides stylish attire for the consumer and the owners receive profitable income in exchange for a service that is being provided. The owners of Casual Closet would like to have the opportunity to expand in multiple locations and eventually in different cities. The basic legal environment of this retail store is to make sure that...
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...E-COMMERCE: THE EXCHANGE Your Name Here College Here Abstract Through the innovations of technology evolved e-commerce. E-commerce is a form of business where transactions or facilitation of business are done on the Internet (Khurana, n.d.). E-commerce “eliminates limitations of time and geographical distance,” as well as “streamlines operations and lower costs” (Khurana, n.d.). Through e-commerce startup, businesses can either do exceptionally well or fade out. The businesses that will exceed make use of resources available to them, as well as having knowledge about their customer base and competitors. The ExchangeHunterJumper.com is an e-commerce business that will be reviewed to discuss how the owner made her business successful through the customer base, competition, social media, user-friendly web pages, and customer personalization in e-commerce. E-Commerce: The Exchange E-commerce is an evolution of the Internet. According to Laudon & Travor (2012) the Internet has three stages of development: 1) Innovation, 2) Institutionalization, and 3) Commercialization. Innovation stage was through the period of 1961-1974, in which the fundamental building blocks are conceptualized and realized in hardware and software. Institutionalization stage was through the period of 1975-1995, in which large institutions provide funding and legitimization for the Internet. Commercialization stage is through the periods of 1995 to present, in which private corporations...
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...include GCSE, AS and A Level, NVQ and our BTEC suite of vocational qualifications from entry level to BTEC Higher National Diplomas, recognised by employers and higher education institutions worldwide. We deliver 9.4 million exam scripts each year, with more than 90% of exam papers marked onscreen annually. As part of Pearson, Edexcel continues to invest in cutting-edge technology that has revolutionised the examinations and assessment system. This includes the ability to provide detailed performance data to teachers and students which helps to raise attainment. This specification is Issue 4. Key changes are sidelined. We will inform centres of any changes to this issue. The latest issue can be found on the Edexcel website: www.edexcel.com References to third-party material made in this specification are made in good faith. Edexcel does not endorse, approve or accept responsibility for the content of materials, which may be subject to change, or any opinions expressed therein. (Material may include textbooks, journals, magazines and other publications and websites.) Authorised by Roger Beard Prepared by Susan Hoxley Publications Code BH029073 All the material in this publication is copyright © Edexcel Limited 2011 Edexcel BTEC Level 4 HNC Diploma in Business Edexcel BTEC Level 5 HND Diploma in Business Edexcel BTEC Level 5 HND Diploma in Business (Accounting) Edexcel BTEC Level 5 HND Diploma in Business (Management) Edexcel BTEC Level 5 HND Diploma in Business (Marketing)...
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...Аbstrаct The report detаils on the Industry- e-commerce, to which Аmаzon belongs аnd how Аmаzon implemets E-commerce in its model. Аmаzon’s business strаtegies аnd it’s mаrket strаtegies hаve been covered in brief. Аmаzon is one of the biggest plаyers in the field of cloud computing аnd the wаy it’s implemented hаs been covered. Vаrious MIS tools аnd Models which аre employed by Аmаzon in it’s business solution, helps in developing better understаnding of the compаny аnd the subject in generаl. Industry Introduction: E-Commerce Electronic commerce populаrly known аs e-commerce is а new growth direction for the business community. It is the use of digitаl trаnsаctions between businesses аnd individuаls. In other words, e-commerce is the use of the Internet to conduct business trаnsаctions. Given the huge potentiаl thаt this formаt hаs, technology will certаinly improve ecommerce аnd hence provide individuаls with more choices, thereby аdding to the economy. E-Commerce is аlso defined аs the аbility of а compаny to possess а dynаmic presence on the Internet which will thus аllow the compаny to conduct its business electronicаlly; in other words shift to аn electronic shop. Products here аre аdvertised, sold аnd pаid electronicаlly. Due to the expаnsion of the internet, аdvertising аnd is аvаilаble to people аcross the world for аlmost negligible. Аn аdditionаl аdvаntаge is thаt, the technology offers immediаte up grаdаtion аnd solution to issues. The biggest chаllenge for...
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...Club IT part 2 Mark Reis Xbis/219 August 18, 2013 Katherine Escobar Club IT part 2 Ruben Keys and Lisa Tejada along with many other business owners understand that information system technologies will let their originations to compete and flourish in the market place. Lisa, Rubin, and a systems consultant have analyzed the current information system status and during this analysis they have identified three areas that need improvement. This prompted Lisa and Ruben made the decision to upgrade their information management systems. The first problem their information system identified was neither Lisa nor Ruben were not up-to-speed with e-commerce. The second problem is that their computers are old and out-dated along with that their Internet connection was the old hard-wired system that plugged directly into the computer. The third problem, they need a better way to keep track of customer orders along with keeping track of inventory. A “Water Fall” method was Lisa and Rubens choice of method to use in their systems analysis (Wiley Higher Education, 2006). Current Information System Lisa and Rubin use their information system to help run their business and in their decision-making process’ (Wiley Higher Education, 2006). Their intranet and using the Internet helps them search for and retrieve needed information quickly. The web site has a login for employees, and they can access their personal information like, how many hours they...
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...SG C1 True/False Indicate whether the statement is true or false. __T_ 1. IBM defines electronic business as "the transformation of key business processes through the use of Internet technologies." ___T_ 2. A transaction is an exchange of value. ___F_ 3. A transaction always has one or more activities associated with it, and an activity will always be related to a transaction. __T__ 4. Transferring funds, placing orders, sending invoices, and shipping goods to customers are all types of activities or transactions. __F__ 5. Business-to-consumer electronic commerce occurs when a person sells an item through a Web auction site to another person. __T__ 6. The U.S. government is one of the largest EDI trading partners in the world. __T__ 7. Firms such as Walmart and General Electric have been pioneers in using EDI to improve their purchasing processes and their relationships with suppliers. __T__ 8. A value added network (VAN) is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI. __T__ 9. The increase in broadband connections in homes is a key element in the B2C component of the second wave. __T__ 10. In some cases, business processes use traditional commerce activities very effectively, and technology cannot improve upon them. __F__ 11. The skills of merchandising and personal selling can be easy to practice remotely. __F__ 12. A small-denomination item...
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...The Growth of Alibaba pg.8-pg.10 * Alibaba Business Model pg.11 * Five Forces Analysis pg.12-pg.13 * Present the Corporation Now pg.13 * Business Environment pg.14-pg.15 * The Financial Analysis pg.17-pg.18 * SWOT Analysis pg.19 * Recommendation for Alibaba pg.20 * Conclusion pg.20 * References pg.21 Definition * E-commerce Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction’s life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones as well. Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an effective and efficient way of communicating...
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...Li & Fung : Strategic Role of E-Commerce 2006/9/13 ECT 7010 Fundamental of ECommerce Technologies 1 Defensive posture of Li & Fung to the Internet at the beginning “Would the Internet disintermediate us? Would we get Amazoned by someone who will put together all of the information about buyers and factories online?” Answer: The Internet facilitates supply chain management and Li & Fung were not going to be disintermediated Key: have the old economy know-how and yet be open to new economy ideas 2 2006/9/13 ECT 7010 Fundamental of E-Commerce Technologies Internet Issues August 2000, beta launch of the new Businessto-business(B2B) e-commerce portal Important issues: Was there any chance of channel conflict or cannibalization between the offline business and the start-up? How would the market reach to the start-up once it was launched the following year? How specifically would e-commerce ultimately transform his family’s century-old company? 2006/9/13 ECT 7010 Fundamental of E-Commerce Technologies 3 Company Background 2000 – Li & Fung a $2 billion global export trading company 3,600 staff worldwide Sourcing and managing the global supply chain for high-volume, time-sensitive consumer goods Product mix – hard and soft goods Soft goods – apparel, including woven and knit garments Hard goods – fashion accessories, festive or holiday products, furnishings, giftware, handicrafts, home products, furnishing, home products, fireworks, sporting goods, toys...
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...Associate Level Material Appendix D Club IT, Part 2 To learn more about Club IT’s operations, you stayed until the 2:00 a.m. closing this morning to see how everything was tallied and accounted at the end of a business day. Although it was a late night and you had to wake up early this morning to report back to work, you now have a better understanding of the daily business cycle at Club IT. You are energized when Lisa asks you for suggestions on how to use club and public resources to keep Club IT’s edge as the high-energy, high-impact club it strives to be. The Internet research you have been doing for Lisa and Ruben has been eye-opening, but it is also exasperatingly slow on their dialup connection in their cramped back office. You have a lot of ideas for useful network applications at Club IT. There are many opportunities for discovery and collaboration among employees, members and business partners. You decide to take the initiative and research network applications for the benefit of Club IT. You have interviewed Ruben and the rest of the staff at Club IT and have compiled the following notes: • Club IT’s customers are mostly Net Generation and Millennials. They regularly use mobile technologies such as Blackberries, PDAs, camera phones, and other wireless communication devices. Online shopping is a regular part of their lives. • Not many nightclubs have taken advantage of various e-commerce activities, and Ruben sees this as an opportunity to gain...
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...3. Comprehensive Discussion on Consumerism Issues Panasonic adopted Firefox OS on their TV Panasonic faced huge competition in distributing and promoting the smart TV with operating system among the competitors such as Sony with Android TV, LG with webOS and Samsung with Tizen. In order to stay stable among the competitors, Panasonic made a great effort in their Smart TV platforms. Hence, Panasonic united together with Mozilla and subsequently came out with Panasonic Smart TV powered by Firefox OS. (Hands on: Panasonic Firefox OS Smart TV, 2015). By launching Firefox OS in smart TV, it will definitely bring more choices to customers, hardware manufacturers, developers and community. Panasonic has used the Firefox OS since year 2014. This development of the Firefox OS enhances the accessibility of the smart TV by supporting the HTML5 and web technologies on desktop computer and smart phones or tablets. (Harris, 2014). Simultaneously, this platform also facilitates the consumers in the optimal access to web browsers as well as broadcasts the content and services through the Internet. With the introduction of new Mozilla-pioeered WebAPIs for hardware operation, next generation smart TVs are capable of monitoring and controlling the devices of the home appliances. (Harris, 2014). Other than that, the manufacturers can create innovative applications across the connected devices by leveraging the flexibility of the web. (First Panasonic Smart TVs powered by Firefox OS Debut Worldwide...
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...types of EC activities Business-to-Business (B2B) An interaction between the business people and other organizations is known as Business-to-Business (B2B). For example www.walmart.com and www.Sams club.com Business-to-consumer (B2C) Business selling to individual shoppers is known as Business-to-consumer (B2C). For example www.Barnes&Nobles.com. E-tailing Online shopping having access to products of interest for the consumers, by visiting their website directly is called E-tailing. For example Amazon, e-Bay. Business-to-Business-to-consumer (B2B2C) Business providing some product or service to a client business that maintains its own customers is known as (B2B2C). Consumer-to-Business (C2B) A consumer uses internet to sell products or services to organizations or individuals seeking sellers, to bid on products or services they need. For example e-Bay. Business-to-employees (B2E) Organization delivers services, information, or products to its individual employees. For example www.asics.com Consumer-to-consumer (C2C) Consumer sells the product directly to other consumer. For example www.craigslist.com List of advantages and disadvantages of Electronic Commerce Advantages - 24/7 services for buying or selling products - Readily available to customers - Easy to manage a business - Faster and user friendly buying/selling procedure - Low operational costs and better quality of services - No need of physical company set-ups for business Disadvantages - No...
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