...P7 Illustrate the financial state of your selected organisationusing financial ratio analysis. Ratio- this is a result of one number or quantity divided by another. Ratios are the simplest mathematical (statistical) tools that reveal significant relationships hidden in mass of data, and allow meaningful comparisons. Some ratios are expressed as fractions or decimals, and some as percentages. Major types of business ratios include Efficiency, Liquidity, Profitability, and Solvency ratios. Ratios | Formulae | Description of each Ratio | 2012RatiosCalculations | 2013RatiosCalculations | Comment if figures show: Worse? Better? Much the same? | Gross profit Percentage | Gross Profit x 100 Sales | Gross profit ratio (GP ratio) is a profitability ratio that shows the relationship between gross profit and total net sales revenue. | 250/700x100=35.7% | 200/800x100=25% | The figures show that the gross profit percentage margin has decreased by nearly 10%. This might be because the business is paying more for the cars or they are selling the cars for a lower price which results in less revenue. | Net profit Percentage | Net Profit x 100 Sales | The net profit percentage is the ratio of after-tax profits to net sales. | 120/700x100=17.14% | 60/800x100=7.5% | Net profit percentage has decreased by around 10% as well. reasons for it decreasing could be that they were selling the cars for a lower price or the value of their inventory might have been decreased due to an economic slowdown...
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...1 / 6 P1 – Explain the role of effective communication and interpersonal interaction in a health and social care context. What is communication? Communication is simply passing a message from one person to another. It is a 2 way process and there is a way it is done; sender, message, the method of which it is sent, receiver, understanding and feedback. Contexts; * One to one communication has to be a relaxed type of communication. When you first start talking to someone you need to make them feel welcomed in speaking to you, this is the best way before you begin to give information to the other person. * Group communication works the same way as one to one but it has different principles. Everyone has there own group of friends and they all have different ways of speaking to each other in other ways people wouldn’t understand. Informal is something you would most probably use with your family and friends. Communication between collegues is something that all professional business's uses for example; hospital or doctors. When they are speaking to each other about a certain thing in their job then most people wouldn’t know what they are saying as they have their own terminology. Also, it shows respect to other people. When in a health and social care setting if respect isn't given from each colleague then that could impact on the care given to the residents by staff. All colleagues in the health and social care sector must have trust in each other to build a good...
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...Unit19 Customer relations in business Assignment: A1 Understanding marketing concepts used by businesses Introduction What is marketing concepts? Marketing concepts is when businesses use ideas and techniques to make their customers aware of their products or services and tempt them to buy. This relates to: * How buyers decide what they buy * What makes one products or service different from another * How different groups of customer can be targeted according to their needs. * The marketing mix – Considering the price, product, place and promotional activity (four P’s) that will attract customers. The following marketing concepts are: The AIDA (s) model of buying decision making Before you attempt to buy something, you go through a process and the process is: Stage 1 – Attention Before you buy a product or a service, you must be aware of it first. There are many ways of getting your attention to the business products and services and they’re advertising. Ways of advertising your business is newspapers, radio, T.V., leaflets, billboards and posters. Another way of getting you attention is by having store displays and striking packaging. Stage 2 – Information The next step is to find out if that particular item will meet your needs. In order to know this, you need to find more information and there’s various ways that you can get this and they could be by reading the label or packaging, asking your family or friends, searching...
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...P UNIT 1: BUSINESS ENVIROMENT p1&p2 | | | | | | P1 – a brief introduction of two contrasting businesses Tesco PLC (Public Limited Company) is a British multinational grocery general merchandise retailer. Tesco is the third-largest retailed in the world measured by its revenue. It is also the second largest measured by profits. Tesco has stores in 14 countries across Asia, North America and is the grocery market leader in the United Kingdom. Tesco have many aims and objectives they wish to fulfill, for example to be an outstanding international retailer in stores and online and to be strong in everything they sell because they are in food. Tesco is a Public Limited Company this means that they are able to advertise the sale of shares and sell them to the members of the public through stock exchange and also the company has a legal existence separate from management and its members. Tesco and Lewisham College are completely different because Lewisham College doesn’t offer products it offers services that are entitled to the public. Lewisham College has 16,000 student enrolments and 36,000 courses. The college is a member of the 157 group of high performing schools. Lewisham College work with many diverse partners, including: schools, universities, trade unions, businesses and a range of public sector organizations. Lewisham College is a public college and do not particularly exist to make a profit but to provide a service for people who want to learn. ...
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...For this assignment I’ve been asked to describe how marketing techniques are used in two products of my choosing for this I’ve chosen The Sims game and the original Coca Cola. Marketing is the promotion and selling of a product to a target market. The Sims is a strategic life simulation game created by Maxis first released in 2000 it has now grown into the best-selling pc game franchise in history selling more than 150 million copies. Coca Cola Enterprises Ltd is a global non-alcoholic drinks company founded in 1886 by John Pemberton Coca-Cola sell their products in over 200 countries, and sell approximately 1.7 billion servings of Coca-Cola every day. They are the leading market in soft drinks. Aims and Objectives Growth strategies Diversification Diversification is a method of gaining more sales to your product by adding other products to your existing product or ‘expanding’ your product. The Sims game series has created new games to cater to different types of people diversification has been used here as the original Sims game was a pc game and over the past 13 years games have been created for multiple different consoles i.e. PlayStation, Xbox, GameCube and Nintendo. This is one of the reasons the game is so successful and widely known. Coca cola do this also through creating different soft drinks to cater to different tastes, i.e. Diet coke, Fanta or Flavoured waters as original Coca Cola isn’t always to everybody’s taste. Product development Product development...
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...Event Organiser: Role- Event organisers are important when it comes to business events needing to be planned. The effect of a bad event could destroy a business’s reputation. The even organiser’s job is determined by what event they need to organise and who it’s for. Type of event In house event for staff: These are members of staff who currently work for the event management organisation. The kinds of events staff may be involved in working at are staff parties or internal training event or even business meetings. Organisation Conferences: This event involves other businesses or organisations attending conferences. Some examples of different organisational conference are national and also business conferences, training or networking events, exhibitions. Public Events: A public event is an event that is open to people in the general public. An example of a public event is a charity fundraiser or open day. Tasks performed Find the venue: An Event Manager must ensure that they find and secure a venue for their event. They would also need to know the day and time of the event; they would also need to know the capacity of the venue so they can make sure they have adequate space for their guests. Confirming Attendance: An Event Manager must make sure they have a confirmed number of guests; so they can base all the other plans and decisions upon how many guests they are expecting. However they should also consider the possibility of guests taking long to respond. Setting...
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...Unit 17 – Events, conferences & exhibitions Update on events, conferences and exhibitions – P1, P2, P3, M1 & D1 P1 - Describe the event, conference and exhibitions environment in the UK Types of event Corporate hospitality Corporate hospitality is a private event held by corporations and businesses to entertain and build good relationships with their staff and clients and to encourage new businesses. For example a company hires a venue such as the Hinitze Hall in the Natural History Museum which offers galleries for a range of evening events with catering facilities and staff which will be used only by the business team. Team-building events Team building events are events in which members of a business bond together and get them to work effectively as a team instead of as individuals. Team building events are held to enhance the social relations and define roles within teams often involving collaborative tasks. For example Sandstone is a team-building events company. Incentives Incentive events are held by corporations to reward their employees or customers for hard work and loyalty or to motivate them to improve and develop their performance. An example of an incentive event is the Incentives and Promotional Marketing Show Live which is held at the National Exhibition Centre in Birmingham by Waypoint Exhibition and Event Group. Fundraising Fundraising are events in which organisations fundraise money which then they donate to a certain charity...
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...Tesco Oxfam Tesco UK is a large significant business within the group which 60% of the profit and sales come from UK Business. They have got over 300,000 employs and over 2,900 stores. Tesco made a lot of success by delivering a great shopping trip in every single stores. They also have a plan which was made in UK by building a new Tesco which was focused in 6 keys elements. 1.Service & Staff-More staff for different stores which help will be needed in fresh food department. 2.Stores & Formats-Faster store, introducing warmer look and feel. 3. Price & Value-Better prices and promotions. 4.Range & Quality-Better ranges and re-launching the brands. 5.Brand&Marketing-More relevant communications with costumers and more discounts at the prices. Tesco Steakholders Steak Holders are a group of certain peoples which are interested in a business. Tesco is one of the company’s which have got lots of steak holders as Stake holders- They would want to buy the products the business is selling. Employees-They would want the business to succeed and make more money than other businesses around the community. Manager-Their interest in the business would be that it runs successfully so they can earn higher bonuses. Suppliers-They sells their goods or services to other business to make money, they also keep their interest in the business and try to make more money by trying to enhance their good to make better sales, if not the business will take their...
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...shalom kpogho What is Accounting? Accounting is the process of keeping financial accounts in check and stored in records for future references. Every business have to keep in check of their accounting data so that they know how much they have spent. How much goes in and how much goes out. There are many ways businesses keep record of data in the business by using a cash flow sheet, profit and loss account and a balance sheet. All these ways of keeping the business updated about the money they use, lose and make helps them for the future will let them know what to avoid or what to do again in order for that certain thing to happen again. Recording transactions Recording transactions of a business is to keep record of how much is being spent or how much is being sent to the company. Many keep record of this in a journal or documented so they have history of previous transactions made by the business. For example HM customs and revenue keep monthly transactions made by the public so they keep it as a data in their system of people who have made transactions with them. Annual and property transactions are also kept in a database with HM so they have all the transactions of the UK. Monitoring activity Monitoring activity of a business is key as you need to keep an eye on what the business is doing for example what transactions are being made and what money is being taken out or being put into the business and what the money is being spent on. Having a profit and loss...
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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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...ANATOMY AND PHYSIOLOGY P2, P3 4/27/2015 Khadra Ali | P1 – Outline the functions of the main cell components The human body is made up of millions of tiny cells that can only be seen under a microscope, cell also vary in shape and size. Cells are the basic structural of all living things. The human body is poised of trillions of cells. They give structure for the body, take in nutrients from food, convert those nutrients into energy, and carry out specialized functions. Cells also contain the body’s hereditary material and can make copies of them. Cells all have different sizes, shapes, and jobs to do. Each cell has a different function. The actual definition of cells is the smallest structural unit of the body that is capable of independent functioning, it consisting of one or more nuclei; it has a cytoplasm, and various organelles which are all surrounded by a cell membrane. There are four main parts to a cell; Plasma/Cell membrane, Cytoplasm, Nucleus and Cell Organelles. Plasma/Cell membrane: The plasma/cell membrane is a phospho-lipid-protein bi-layer; the lipids are small fatty molecules in two layers (bi-layer) with larger protein molecules inserted at intervals partly or completely through the bi-layer. The lipid molecules are phospholipids, the two lipid chains are insoluble in water and the phosphate head is water soluble. The fluid which surrounds the cells and the cytoplasm are watery environments next to the phosphate heads. Protein molecules create channels...
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... de Jong | Unit | 3 | Submission number | 1 | Cohort | 2014 - 2017 | Authenticity statement | I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. | Inhoud Introduction 3 Bijenkorf 4 H&M 10 Human resources H&M 10 Staffing to meet changing business demands 10 Coordination of team resources to meet targets 10 Monitoring team performance 10 Liaison with other departments 11 Establishment of professional culture 11 Provide appropriate incentives 11 Encourage creativity and initiative 11 Outsourcing versus in-house decisions 11 Introduction The author will describe the recruitment documentation used by the company Bijenkorf and H&M. P1 Describe the recruitment documentation used in an organisation. Bijenkorf Meer informatie? Neem voor meer informatie over deze vacature contact met ons op via het contactformulier Medewerker Customer Service Vestiging: Groningen Afdeling: Customer Service Uren per week: 15 uur Sluitingsdatum: 29 Juli 2015 Print deze vacature Mail deze vacature Deel deze vacature Solliciteer direct Over de functie Medewerker Customer Service Als Medewerker Customer Service ben jij het visitekaartje van de Bijenkorf en sta je voor Premium Service. Je helpt onze gasten bij het retourneren van producten, het ophalen van hun internet bestellingen, behandeling van klachten en reparaties en allerhande zaken die extra service en...
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...task 1 – INTRODUCTION INSTRUCTIONS: Please provide a flow diagram with commentary (including specific examples) on the organisation of the human body. You must include cells, tissues, body organs and systems. Any images used must be sourced. The human body is extremely complex and contains different systems which work alongside each other but complete diverse tasks to keep our body’s functioning. Chemical level– is the simplest level within the structural hierarchy. The chemical level includes the tiniest building blocks of matter, atoms, which combine to form molecules, like water. In turn, molecules combine to form organelles, the internal organs of a cell. Cellular level – the cellular level is made up of the smallest unit of living matter, the cell. The individual cells may have some common functions but vary widely in size and shape. Each type of cell carries out a set of unique tasks within the human body. Tissue level – tissues are groups of similar cells that have a common function. A tissue must contain two different types of cells. The four basic tissue types in humans include epithelium, connective, muscle and nervous tissue. Each tissue has a characteristic role that is vital in the complete function of the human body. Organ level – an organ is a structure composed of at least two different tissue types that perform a specific function within the body. Examples of this include the brain, stomach and liver. Complex functions begin to emerge at...
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...P1 – Define Aims and Objectives Introduction: Businesses set aims and objectives which they would like to achieve. For this task I will define what is meant by the aims and objectives of businesses in different sectors. Mission Statement: • Many organisations have a mission statement. A mission statement is… • The wording may be different depending on the sector. For example in the private sector… • In the public sector… • In the not-for-profit sector… (Use examples of mission statements from the three organisations you are using) Aims and Objectives: • Aims are… (definition, time to achieve, examples are profit maximisation, break-even, survival, service provision, sales, growth, market share, relationships with other businesses) • Objectives are…(definition, time to achieve, how do they relate to aims) • Objectives have to be SMART because… This means…(explain each element) Private 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… 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: ...
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...Commercial (Van Mildert)-this is the commercial website I have decided t use . This is an online site that sell clothes,footwear,acccesories etc. this is a very easy website to use and in my opinion ,they advertise their products very good. Another reason why this website is good is because they deliver on the very next day, this is very good for customers as a lot of other websites do not offer this service Types of presence 1. They advertise the products they have on sale on the main page , this will attract customers 2. It is easy to find what you are looking for on the website 3. A lot of products 4. Different categories 5. Delivers next day 6. Colourful ( makes the website look a lot better) 7. Advertising Christmas Sales Aims and objective for vanmildert.co is to sell as much goods and make a profit and to also keep their customers happy and returning to buy more goods Van mildert is an inviting online transaction presence because you can easily buy clothes and accessories online and order things from their site and they also deliver on the very next day so this is very convenient for there customers Educational(Bite Size this website is owned by the bbc and it is probably the most educational website I’ve seen, they offer a wide range of educational skills which is why they have the reputation as the best. The aims for bbc bite size is to make students understand more, teach them...
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