...BTEC NATIONAL IN BUSINESS (MANAGEMENT) Unit 37 – Starting a Small Business Assignment 1 – Present your business idea This task assesses P1 Present the initial business idea using relevant criteria Signed (IV) _________________________________ Print Name__________________________________ This unit is all about starting your own small business. The assignments will take you through the planning process in order to complete your own small business plan. This may be a business you are thinking of starting in the future. To complete this assignment you should think of a business idea that you will be able to research and plan for. It should be realistic. You will present your idea to an assessor and some of your class mates. |P1 |Task 1 | | | | | |You should consider whether your business will be new, a franchise or whether you are going to buy an existing | | |business. Your bank manager has asked for your thoughts on this before he/she makes an appointment to discuss your | | |plan. | | | ...
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...Unit No.10 & 36Task 2 | Unit Title. Market research in business Starting a Small Business | Applicable to: | | | Extended Diploma | | P/M/D Criteria covered: | Task 2: P1, P2, P3, M1 – U10 & P2 - U36 | Performance criteria being addressed in this assessment:Unit 10 - Market research in businessLO1 – Understand the main types of market research used to make marketing decisionsLO2 – Be able to plan researchP1 - Describe types of market researchP2 - Explain how different market research methods have been used to make a marketing decision within a selected business or organisationP3 – Plan market research for a selected product or service using appropriate methods of data collectionM1 – Explain with examples, how different market research methods are appropriate to assist different marketing situationsUnit 36 – Starting a small businessP2- Explain how to identify the target marketAssignment & Tasks:Scenario:Following on from your initial business idea pitch, you are about to plan your market research. To make sure you are on the right lines before you begin you prepare an interim report to submit to a marketing expert friend. They have kindly agreed to look over it and make suggestions for you ahead of you conducting the research for your business. You must include the following; 1. An overview of the main types of market research, primary, secondary, both qualitative and quantitative. 2. Explain which of these methods suit different market research objectives...
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...- BTEC FIRST DIPLOMA BUSINESS - Unit 16: Business Enterprise Assignment [pic] [pic] • The due date for the whole assignment is Friday 25th May 2012 • You will have time allocated to complete the MERIT and DISTINCTION criteria only when the PASS criteria is completed • You will be able to gather evidence for Level 2 Key Skills in Communication, Application of Number and Information Technology from completing the assignment You will also be able to gather evidence for Key Skills Level 2 Improving Own Learning and Performance (LP2.1, Lp2.2 and LP2.3) as you plan, review and complete the assignment ASSIGNMENT TASKS The scenario You and some friends have always been interested in working for yourself rather than being an employee. You now feel it is the right time to start up a new business and so you begin to consider the idea and investigate the possibilities further with your friends. There are many ideas you have but before you can start the business you have decided to investigate what things you need to know about starting up a business. You and your friends are considering asking your bank manager to provide you with the finance for starting up the business and so it is important that you know exactly what is involved. You and your friends will have to present your business idea to the bank manager so it is important that you know what you have to do…! ______________________________________________________________ ...
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...BTEC L3 Diploma in Business Unit 36: Starting a Small Business Assignment |Learning Outcomes | | | |To be able to present the initial business idea using relevant criteria | |Understanding the skills and development needed to run the business successfully | |Know the legal and financial aspects that will affect the start-up of the business | |be able to produce an outline business start-up proposal | |Scenario | |You have just completed a business course at Wolverhampton College and you are very interested in pursuing your dreams of | |starting your own business and being your own boss. | | | |Your Aunt and Uncle run a successful Property Management Company and they have proposed that if you can put together...
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...Double Business - staring a small Business Unit 36 By Greta Maneikaite (centre number 27102) Content page P1 Present the initial business idea using relevant criteria P2 Explain how to identify the target market P3 Describe the skills needed to run the business successfully and what areas require further personal development P4 Describe the legal and financial aspects that will affect the start-up of the business P5 Produce a proposal containing the essential information for the start-up of a business. M1 Explain methods used to identify the target market for the proposed business M2 Analyse the personal development needed to run the business successfully M3 Assess the implications of the legal and financial aspects that will affect the start-up of the business. D1 Present a comprehensive business proposal that addresses all relevant aspects of business start-up. Unit 36 – Setting up a Small Business P1 Present the initial business idea using relevant criteria Introduction to my business: Golden tanning Salon will open in my local town Corby within Northamptonshire. The reason for opening a tanning salon is because there aren’t many tanning salons within the Corby area. Today’s world trend is for people to look fit and have a natural tan complexion especially in a country like this where we don’t get a lot of sun to develop a tan. I am going to be introducing my business plan which I am intending to set up. In order for me to develop my business plan...
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... |Unit number, Code and Title | |Pearson BTEC Level 5 HND Diploma Business |Unit 34, R/505/8181, Operations Management in | | |Business | |Module Leader: |Lecturers: | | |Hakeem Kazeem | |Distribution date |Submission deadline | |W/C – 22/09/14 |7th December 2014 | | | | |Assignment title |Operations Management in Business | |Learning Outcome | |Assessment Criteria |In...
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...| | | |FORM AB1: BTEC ASSIGNMENT BRIEF | | |QCF ASSIGNMENT FRONT SHEET | | |Qualification |Unit number and title | |BTEC SUBSIDIARY DIPLOMA IN BUSINESS STUDIES |UNIT 1: BUSINESS ENVIRONMENT | |Learner name | Assessor name | | | | |Date issued | Hand in deadline |Submitted on | | | | | | ...
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...ASSIGNMENT Year Programme Title Unit Title Unit No. Unit Code Assignment No. Level Credit value Deliverer Assessors Handout Date Hand in Date 2014/ 2015 Edexcel BTEC HNC Certificate in Business and HND Diploma in Business (QCF) Aspects of Contract and Negligence for Business Unit 5 Y/601/0563 02 Level 4 15 credits Mr. Bernardo De Vire, Dr. Brian Ikejiaku, Ms. Afsheen Aslam, Ms Hepzi Joseph, Ms. Asia Irshad, Mr. Toseef Akram (as above) 17/11/2014 19/01/2015 Assignment Title: Excelsior Management On completing your HND, you are hired as a Trainee Manager by Excelsior PLC, an international hotel chain. The job offers business experience, management development and future opportunities. 1. Initial Evaluation Your first appointment is as Assistant Manager at the Excelsior Hotel in Harlow. In the course of the first few months, your Senior Manager asks you the following questions, which, unknown to you, are intended to check up on your capabilities: 1.1 One morning the Senior Manager mentions that he has been reading a book on Business Law, in which he found this sentence; “Not all agreements are legally binding. The courts will only enforce agreements that have certain key ‘ingredients’.” Recalling that you claim to have covered this topic on your course, from this starting point he asks you to write him a briefing note to explain the importance of the ‘essential elements’ required for the formation of a valid contract. 1.2 Another day he invites you to think about three...
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...Money Importance of Money Money is an essential and basic necessity in a modern economy. In the beginning of human existence, human needs were so simple that they could be satisfied by barter system , i.e., exchange of goods for goods. In baster system, an individual produces some goods in greater quantity than what he could consume and then exchanges the extra units with another individual for something he needed in return. Barter system suffered from lack of double coincidence of wants, lack of common measure of value, difficulty in stored of extra goods and indivisibility of goods. The main advantage of using money is that it decomposes a single barter transaction into two separate transaction of Sale andPurchase. People can hold their wealth in the form of money as a generalised purchasing power which can be utilised to buy goods and services as and when they desire. Money s a pivot around which the whole economy revolves. It alone has the power to buy things directly in the market. It does not require to be spent. All economic system-Capitalist, Socialist and Maixed-need money. 1. Money may not produce anything, but without it, nothing can be produced. 2. With the help of money, consumers make payment for goods and services. 3. With the help of money, producers can but raw material, plant and machinery. They can settle their debts and pay corporate taxes. 4. Money has contributed to economic growth all over the world because it has removed trade barriers...
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...You have recently set up a small business called SBL Communications. The Entrepreneurs’ Forum has employed you to advise people setting up in business on the importance of effective communications. Essentially, you will produce a pack of resources using a variety of media that not only explain about communication but also give practical examples. You will only need to investigate @Bristol for this assignment. Task 1 - Explain different types of business information, their source and purpose (P1) To answer this task you will therefore need to interview the manager of a local business. This could be a firm that you work for, a shop that you visit regularly or even a family business. Your interview should find out the following: ◾The types of information they use with examples - verbal; written; on-screen; multi media; web based ◾The sources from which they get information - internal or external ◾The purposes to which they put the information - updating knowledge; informing future developments; strategic direction; SWOT analysis; offering competitive insight; communicating sales promotions; inviting support for activities When constructing and conducting your research use the unit content to guide you. You should now write a series of guidance notes in the form of a handbook called “No Benefit Of Doubt” explaining the terminology of types of business information using examples from your organisation. The booklet...
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...Unit 27: Understanding Health and Safety in the Business Workplace Unit code: H/502/5458 QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to enable learners to develop knowledge of the legislation and regulations relating to health and safety in a business workplace in order to conduct an audit and carry out a risk assessment. Unit introduction It is important, when working in business, to ensure compliance with organisational procedures and legal requirements, as the consequences of non-compliance can have serious implications for employees and employers. It is important, therefore, for learners to appreciate that those working in business must understand the principal issues which affect the working environment, for all individuals and the organisations that employ them. This involves keeping up to date with information on the legal issues that affect safe working practices. Everyone at work plays an important part in ensuring health and safety and it is essential that key personnel are aware of their roles and responsibilities. Employers must take reasonable care to protect their employees, and others, from the risk of injury, disease or death, while employees must take care to protect themselves and others. Safe working conditions and the ‘welfare of employees’ can contribute to the success of an organisation. It is important that organisations take steps to prevent accidents...
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...1. The budgeted profit for the period under the absorption costing has been calculated as $210,000. It has based on production of 30,000 and sales of 35,000 units. Budgeted fixed overheads were $105,000. What is the budgeted profit under marginal costing? 2. Which of the following statement concerning the valuation of the inventory is correct: A. It is impossible to say whether absorption or marginal costing will give the higher value without further information. B. The values under absorption and marginal will be the same. C. The value will be lower under absorption costing and marginal costing. D. The value will be higher under absorption costing and marginal costing. 3. One unit of a product requires three kilo grams of material and the expected cost of material is $ 4 per kg. labor will be paid at $ 2 per hour and each employee will make four units in an hour. Budgeted fixed overheads are $800,000 per period and are to absorbed using budgeted labor hours of 40,000. What is standard total absorption cost per unit? 4. In which circumstances does under absorption of overheads occur? A. Absorbed overheads exceed budgeted overheads B. Absorbed overheads exceed actual overheads C. Budgeted overheads exceed actual overheads D. Actual overheads exceed absorbed overheads 5. Budgeted overheads of $22,000, an OAR are $22 per labor hour. During the period actual OH incurred were $22,600 and actual labor hours are 1,120 hours. What...
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...September 2012 OCR Level 3 Cambridge Technicals in Business Unit 12: Recruitment and selection in business Ofqual unit reference number A/502/5434 Please note: This OCR Cambridge Technical model assignment may be used to provide evidence for the unit identified above. Alternatively, centres may ‘tailor’ or modify the assignment within permitted parameters (see Information for Teachers). It is the centre’s responsibility to ensure that any modifications made to this assignment allow learners to meet all the assessment criteria and provide sufficient opportunity for learners to demonstrate achievement across the full range of grades. The assessment criteria themselves must not be changed. The OCR entry codes and Ofqual numbers associated with these qualifications are: |Qualification title |Entry code |Ofqual number | |OCR Level 3 Cambridge Technical Certificate in Business |5327 |600/4226/6 | |OCR Level 3 Cambridge Technical Introductory Diploma in Business |5329 |600/4608/9 | |OCR Level 3 Cambridge Technical Subsidiary Diploma in Business |5332 |600/4235/7 | |OCR Level 3 Cambridge Technical Diploma in Business |5335 ...
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...FISV 3040 Money & Capital Market Research Paper On Financial System Reform Presented to Professor Jean Holt October 29, 2015 Prepared by Yi Que Abstract: 1998-2013: An Analysis of the Tangible and Intangible Costs of Financial Regulatory Reform and Deregulation (The Financial Institutions Deregulation and Reform Act 1999* and the Dodd-Frank Act 2010) on United States Capital Markets and Institutions as measured by Debt Loan Types and Bank Profitability. Key words: Glass-Steagall Act, Financial Institutions Deregulation and Reform Act, Dodd-Frank Act, investment bank, financial statements. II. Table of Content I. Cover Page1 II. Table of Content2 Abstract, key works2 III. Introduction3 IV. Statement of Problem5 V. Background12 V. Results from Research & Summary13 VI. Works Cited 14 III. Introduction United Sates financial reform dates from the last century, in 1930s’ Great Depression. To have a brief talk about US financial reform, which is a long and arduous project. Aim to reach the goal that has to include three important acts: Glass-Steagall Act, Gramm-Leach-Bliley Act, and Dodd-Frank Act. Throughout history, the financial system in US has experienced the mixed operation and separated operation processes, as well as various financial institutions and regulatory authorities continue to be perfected. US financial reform and innovation continue to promote the US economy continues to develop and progress. Next, I will briefly introduce each act in the basic...
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...Unit 2: Unit code: QCF Level 3: Credit value: Business Resources D/502/5409 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to develop learner knowledge of the range of human, physical, technological and financial resources required in an organisation, and how the management of these resources can impact on business performance. Unit introduction At the core of every organisation are the human, physical, technological and financial resources that enable it to function. This unit will give learners a broad understanding of the importance organisations place on managing their resources efficiently in order to achieve their objectives. It is important that learners are able to relate their understanding of resource management to a real organisation. This will provide an essential link between theory and practice. Understanding how these resources are managed is one of the keys to assessing how well the organisation is performing. The first part of this unit explores the range of human, physical and technological resources for a selected organisation. Learners will investigate the importance of managing these resources efficiently. The contribution that recruiting and retaining suitable staff can make to the organisation’s performance is examined. The importance of managing the organisation’s physical and technological resources efficiently is also explored. For an organisation to survive its finances need to be sound and secure. The...
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