...Quite often, people associate themselves with certain brands they buy. Organisations and businesses are dependent upon their customers. Tesco’s customers have a huge influence over the business. They use their customer insight to make any appropriate and needed changes to their business. If Tesco don’t offer the right services, products and promotions, then their customers will end up shopping in alternative stores. This will reduce any profit being made. Tesco’s customers have a huge influence over the business. They use their customer insight to make any appropriate and needed changes to their business. If Tesco don’t offer the right services, products and promotions, then their customers will end up shopping in alternative stores. This will reduce any profit being made. Shareholders are often the most important type of stakeholders. This is because, without them, businesses lose their value which will affect its overall business standing and performance. Shareholders are often the most important type of stakeholders. This is because, without them, businesses lose their value which will affect its overall business standing and performance. Pressure groups have an influence over Tesco because if the business faces an investor revolt, then it is very concerning as it will not only make the business look...
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...Plan Market Research Assessment no 1 Introduction: David and his wife has their own four business .Firstly they started D.A garden supplies business on main road opposite to a small suburban shopping centre .In garden and nursery business David supervise the nursery and Alison does the bookkeeping and oversees the landscaping projects. They also employed two full time employees and a part time landscaping consultant and two part time cashiers for garden supplies business .Furthermore after passing 8 years of their nursery and garden business they started one more business of café inside the nursery .For this new business they has appointed an additional part time staff member who works over lunch time and weekends. Moreover on...
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...Place in this business is important as, IFLIP would have to make sure these products which they are going to release would have to be available to their target customers so they can purchase them and this business can generate revenue and increase their sales. Products such as Ifone, IFLIP-watch & IFLIP-pod are new so in order to make profit this business can distribute these products throughout their stores which are located in Bradford, London, Halifax & Leeds for consumers. This business has located their stores in populated locations because this business can then serve customers easily. The locations are based in Leeds Kirkgate Market, London Oxford Street (shopping centre), Halifax Borough Market and Bradford (Broadway). IFLIP has chosen...
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...P2 Product: First of all Hublot Company started the new promotional campaign where they are selling new product called ‘Dallas Cowboys’ watch collection. They have produced three different watches: Hublot Dallas Cowboys Classic Fusion watch in titanium (they are classier), Hublot Dallas Cowboys Classic Fusion in titanium and ceramic (for the ladies), Hublot Dallas Cowboys King Power in ceramic (these are sportier). They have produced only 150 pieces for their new promotion. Their quality I known to be one of the best in the world on the same level with Rolex and Breitling. In this collection they have a variety of watch which are made of Titan, Semi-ceramic, and Ceramic, but they are mostly have the same colour which is the colours of Dallas Cowboys Team. Their style is unique because their watch is very elegant and sophisticated. Price: Hublot watch is a luxury handmade timepieces, here is example of the prices: Packaging: Hublot Company pack their products very safe as the watch is very valuable and therefore they package it in a high protection suitcase which will not damage the watch even if they fell on the ground. The also give their customer warranty. For the promotion they are going to pack their watch into the special package relevant to the theme. People: People are very important in producing Hublot watches as every part of watch is handmade, therefore employees should be very skilled and well trained. They should be able to produce a high amount...
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...The organisation that I will write about is…(identify main products/services provided) • The aims of the organisation are… • To achieve these aims, the organisation can set objectives such as… Public Sector Aims and Objectives: • The organisation that I will write about is…(identify main products/services provided) • The aims of the organisation are… • To achieve these aims, the organisation can set objectives such as… Not-for-Profit Sector Aims and Objectives: • The organisation that I will write about is…(identify main products/services provided) • The aims of the organisation are… • To achieve these aims, the organisation can set objectives such as… P2 – Describe the purpose for the business in setting aims and objectives Introduction: Using the businesses I have identified earlier I will now describe why they...
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...Business Ownership P1 Organisation 1 – NHS The NHS is a national public sector health service maintained and paid for by the UK. The NHS was founded in 1948 in an attempt by the then heath secretary, Aneurin Bevan, to bring good healthcare to all. It was founded to provide affordable healthcare to the citizens of the UK who need it. Today the NHS has a very good reputation as it continues to provide good healthcare to those in need, they currently employ over 1.6 million government people to achieve this endeavour. The NHS is a national business as it only operates in the UK and only provides its services to those living in the UK. It only operates in the tertiary sector as they provide a service for the public but do not manufacture, sell or harvest raw materials. Because it is a public business it doesn’t make a profit instead it uses it’s funding to help with the financial burden of medical procedures. There are down sides to this for example the NHS don’t always have the most up to date equipment. Because the service is maintained and paid for by the government they are the ones that will be held liable for any problems with the way the NHS runs or if it overspends. The NHS is limited by their annual budget for the year 2015 their budget was £115 Billion. Organisation 2 - Starbucks Starbucks Coffee is a privately owned American global coffee company and coffeehouse chain. Public limited companies become a legal entity whose assets and liability are separate from their...
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...P2 In this assignment I am going to talk about a specific role within Apple Inc. The role I have chosen is a manager role. Job description Managers within Apple have to create a retail environment that inspires both employees and customers. As a Manager, they are building dynamic teams with unique individuals and delivering positive experiences for customers as they learn shop and get support. Most importantly, they share the Apple vision with employees and encourage their growth. Specific role The managers are responsible for staffing the business. This includes creating job descriptions, running advertisements for open positions, reviewing resumes and applications, interviewing prospective employees, hiring and firing. The manager oversees his staff, ensuring they are trained properly, follow company guidelines and policies, perform the job satisfactorily and receive feedback on a regular basis. The manager is also responsible for tallying work hours, calculating pay, processing checks and tracking vacation days and other time off. Job summary The normal working week can exceed 40 hours if you have the role of a manager. However, during peak periods such as Christmas, sales and other seasonal holidays many managers may work longer than 40 hours. Managers at Apple get offered bonuses or offers, which can increase the amount payable, as well as other benefits such as pension schemes, company car, staff discount, private healthcare, professional qualifications training...
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...P2 - Influence on organisation by Stakeholders Stakeholders | John Lewis | Cystic Fibrosis Trust | Employees | Employees play an integral part and have a massive influence over John Lewis as both as an organisation in the public eye and as a business trying to gain profit. This is because if without employees you don’t have a company. So, John Lewis has to try its utmost hardest to keep all parties within their corporation happy. That means fair salary, holiday days, terms of sick pay etc. And without customers, there will be no one at the tills, no one to stack shelves, no one in the bakery or deli sections and no one running the floor they work on. | Employees play a big role in the forward-movement of the CFT as they are the ones that are, actually in person, to provide the service given by the trust. Whether this is through care, activities etc. it is a major reason to keep staff happy so they can carry on producing a great service for the people suffering. | Customers | Customers are one of the most fluctuating factors for John Lewis as if the buyer doesn’t think the price is right they are going to go elsewhere, which puts John Lewis at a disadvantage and possible loss. | The trust doesn’t have that many customers, unless it is people buying their products such as t-shirts, wristbands and headbands. But customers aren’t as influential to the CFT as a substantial amount of their income is received from donations and government funding. | Investors/Donors | Investors...
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...P2 describe the main employability, personal and communication skills required when applying for a specific job role Costa, barista. Employability skills: Suitable qualifications; the suitable qualifications for the job role at Costa are basic qualifications. The candidate is required at least a C in English and maths. The job role is not to academically demanding as all training would be given at the job premises. The candidate must have simple ICT skills to work the till and also a suitable range of customer service skills, so they can portray Costas’ image. Obviously the correct qualification for being a barista is required. Experience in similar role; experience can give you an edge over other candidates applying for this job. This is because there would be less training needed as you already know the companies procedures. The company will not have to fund the full training that a candidate without experience would need. The requirement of having experience is not vital. This is because Costa will supply all training. Knowledge of products/services; the knowledge of the coffee and knowledge of the store will benefit you over somebody who doesn’t know anything about the store. This is because you could understand customers easier and give them better service. For example; one of the products sold in the store could be known to the public differently to what it is actually called. Because you have the knowledge off this, if the customer asks for the product you know...
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...A B D C Manufacture Consumer A B C D Whole Salers Retailers Manufactures always have to be able to sell their goods to consumers. They acieved this buy sending the products throught different channels of distribution. Channel of Distribution The channels shown in the diagram the main ways that manufactured goods are passed from manfactures to the consumers. Each channels includes the same activites: as well as the act of buying and selling, the product will be promoted at the various stages of disribution, stored for a time, and the transported to the next stage. A manufacturers may sell direct to the customer, as shown in channel A, and omit both wholesaler and retailer. Example; online shopping or farmshops where they grow their own things. An example of channel a would be the internet eg. Topman. Manufacturers sell directly to the retailer to save money on rent, wages and bills. In channel B, the retailer in omitted, the wholesaler receiving the goods from the manufacturer and selling them direct to final customers. An example of channel B would be Costco. Manufacturers sells straight to the wholesalers so the wholesalers can sell household items and sell to a larger variety of people so they can which will bring in more money. Channel C shows the traditional pattern. The manufactures will sell all the products in bulk to the wholesalers, who then will resell them in smaller amounts to retailers; then the retailers then sell single items to the customers...
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...any part of the business. British Red Cross Donors Staff/volunteers Benefactors Government British Red Cross Donors Staff/volunteers Benefactors Government British Red Cross is a voluntary business set up to help UK and overseas people in crisis. It is also an international business. Stakeholders for the business include: STAKEHODLERS STAKEHODLERS * Employees /Voluntary workers (internal) – these are the people that work for the business to help them raise the money they need to carry out what their aim is to do. The employees aim to get a wage from working from the business, whereas the voluntary workers aim to help raise money for the charity. These are one of the most important stakeholders of the business because without them the business will not be able to run. * Government (external) – this is another major stakeholder for the business because they fund what the business needs to do to raise the money. Without the government funding the charity they wouldn’t have the shops and events that go on to make the business/ charity work. * Benefactors (external) – these are another stakeholder in the business because they rely on the business raising money for them to help with the needs the business raise money. The benefactors are the main reason in which the business is running, without them needing the help, the business would have nothing to run for. * Donors (external) – these are one of the major stakeholders within the business because they are...
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...understanding and subject knowledge, employers often outline a set of skills that they want from an employee. Interpersonal skills: The skills used by a person to properly interact with others. In the business domain, the term generally refers to an employee's ability to get along with others while getting the job done. Personal skills: are those concerned with how people manage and express themselves. They are revealed in those attitudes and behaviours people bring to their work, study and daily activities. The job I have chosen to write about is being a Costa Baristas which is a person that makes and serves coffee to the general public. Costa Coffee require employability, personal and communication skills when it comes to working on the public view in the shop and serving customers; Costa coffee except a high level of interpersonal skills and a high level of spoken English when communicating with other members of staff and the general public this is needed because the public differ from person to person and having strong interaction skills help the staff and customers to work alongside one an another very well. Employability skills that Costa Coffee require are experience working in a busy working environment but you don’t need to understand the sales or the functions of the business, if you are unable to make coffee Costa send you on a 3 day course to learn the techniques of making fine coffee for the public. Another employability skill Costa coffee require is a good understanding...
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...P2 Angel Solakov – Describe five different stakeholders, who have an interest in your two organizations, Tesco and Barnet and Southgate College Tesco | Barnet and Southgate College | 1 Customers – external stakeholders, they are the people who buy from Tesco and use their services, also they are of crucial importance to the organisation and can affect massively it | 1 Customers – external stakeholders, the students enrolled in the college, even the parents can be considered stakeholders, also of crucial importance to the organisation, possess the ability to affect it | 2 Employees – internal stakeholders, all the staff of Tesco, from the senior higher-ups to the people who mop the floor in their stores, also of vital importance to the organisation | 2 Employees – internal stakeholders, includes all the teachers, board of directors, secretaries and staff in general of Barnet and Southgate College | 3 Owners of the business/shareholders of an Ltd or PLC – external stakeholders in the case of Tesco, as it is a PLC, suggesting it is owned by the public or the shareholders, who are almost as important as the employees of this organisation. They provide most of the resources, if not all, needed so that the organisation runs smoothly and it brings them back some capital | 3 Owners of the business/shareholders of a Ltd or PLC – external stakeholders, as Barnet and Southgate College is owned by the government, which provides...
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...Assignment 1 – P1 The job that I have chosen for my assignment is the position for Temporary Business Manager in South Morningside Primary School. Job Advert – A job advert is the advertisement of recruitment for a job to attract suitable candidates/applicants for a job. The purpose of a job advert is to try and locate the perfect candidate or applicant for the job that has been advertised. An example of a job advert is shown below; the business I have chosen from the two adverts shown is the Temporary Business Manager – South Morningside Primary School Job description – A job description is a list of rules and conditions of the chosen job that the applicant selected. The purpose of a job description is for it to include a summary of job analysis recordings that helps the employer determine what the applicant going for the position should do if he is accepted. example of a job description is shown below. The job description gives me a brief description of the job and what the applicant would have to do. Job Specification – A job specification is a detailed description of the role that has been advertised; it also includes responsibilities, objectives and requirements. The purpose of a job specification is to introduce the applicant to the employer; it is like a first impression. It is crucial because it portrays an image of the applicant. An example of a job specification is shown below. The applicant should look at this and remember what he/she has to do if accepted...
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...Modern College of Business and Science BTEC Level 3 National Extended Diploma Fall 2017 Unit 5: Business Accounting Assignment 1: Cash flow P1, P2, P3, M1 & D1 Submitted by Zuwena Suleiman Seif ID number 20178122 Submitted to Mr. Bou 26th November 2017 INTRODUCTION In this assignment, I will be explaining and show you how will I able to create the Cash Flow Forecast for one year from January 2018 up to December 2018. Also, I’ll explain the importance of record and keeping accurate financial data and how this record will help me to run and setting up my business. Not only that, but also, I will determine the closing balance of my Cash Flow Forecast in 1year which will base on the data that I’m going to predict in it together with...
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