...Unit 3 M2 Tesco M2: Explain the limitations of marketing research used to contribute to the development of a selected organization’s marketing plans. Tesco marketing team experienced some limitations during this market research. One of the limitations of market research to Tesco is cost. It is expensive to organize primary research. For example, it costs a lot to print out questionnaires and pay people to carry out the research. Also, it is expensive to conduct focus group. This affects the profit of Tesco as they have to pay for everything related to making questionnaires and then analyzing their results. A secondary research is a lot cheaper as they will have to collect data from already existing sources and previous data, so it will cost less and it will be done quicker. Another limitation of market research is validity. Validity is the degree of accuracy of the measurement. The information collected must always be valid, otherwise Tesco cannot use it and it is pointless to collect the information which is not valid. Some of the ways in which Tesco are limited by validity are, for example using questionnaires, because people might not give the right information; using interviews, because people might feel shy or intimidated to say their true opinion during the interview; using focus groups, because people might not feel comfortable due to fear of discrimination to say what’s on their mind; using internet, because it changes constantly, so information obtained might be...
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...M2 – Assess the hazard identified in the health or social care setting. D1 – Make recommendations in relation to identified hazards to minimise the risk to the service user group The first hazard that I will be assessing is the wooden structure that I spotted in the Blended Learning Centre in the Breakspeare Building. As a group we gave the structure a severity of 3 and a likelihood of 3, of which, the overall risk rating was 9. With this structure, I was convinced that the severity of an accident, should it occur should be at least a 4 because it was quite a big structure; the damage it could inflict was a lot. My team members stated that since it was in a secluded corner of the Blended Centre, no one was exposed to that much risk as hardly anyone would go to that part if they see that it is obstructed by the structure. However, I still maintained that there is always the possibility that the structure could impale an individual, even though it remains in the secluded area. In addition, the way that the structure is set up on a work space that students use proves that it breaks a number of health and safety policies because for a student to work efficiently and to feel safe in their working environment, all items that could prove to cause harm to them, such as this wooden structure, must be removed to allow a safe working place. This is also another reason why I was arguing that the risk rating should have been higher than the “9” we had given it. In this case, I think...
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...P7 outline electronic and non-electronic methods for communicating business information, using examples for different types of audience. Electronic Methods of Communication in Bournville Method | Description | Suitable Recipients | Messages | This method is the communication of information between people by using the text. Furthermore, it is the act of conveying messages and ideas through electronically written information. | A message can be written personally and directly to student or more than one student through WAMedu. This message can come from the marketing team or teachers and directed at students.Why messaging is good for students? It’s a good communication method with students because many of them use this method to communicate and many have cellular devices which makes it easy for them to use WAMedu. | Phone/Telephone Communication | This method is the communication of information between people by using their speech. Furthermore, it is the act of conversing information, theories and emotions by talking through a cellular device with others. This form of communication involves cellular devices in order to convers | Telephone calls are common in Bournville College as they are efficient and example of a source could be the reception calling students at their home in order inform them of about something or to ask them questions.Why Phone/Telephone Communication is good for students? This method of communication is good for communicating with students because...
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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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...P3-Describe how a selected organisation uses marketing research to contribute to the development of its marketing plans In this section of the unit the investigation of the marketing research used by Kellogg’s will be shown through thorough research and evaluation also how it links in to the development of Kellogg’s marketing plans. The Purpose of Market Research Marketing research is what informs business’s make decisions by helping it to understand the changing dynamics of its market. This involves finding out more about customers, competitors and the overall marketing environment. The purpose of doing this is to gather data on customers and potential customers. The pure definition of market research is systematically gathering, recording and analysing data and also about the issues relating to marketing products and services. There are two types of research’s that can be conducted: * Primary * Secondary These research can then be formed into either quantitative or qualitative Primary Research Primary research is data and information that the business has gathered first-hand and has not been gathered before. Internal primary research data sources include: * Sales figures for the business’s own products * Customer data held on a central database. External primary research methods include: * Questionnaires and Surveys * Interviews and Focus Groups * Mystery Shoppers, And other observation techniques. Secondary Research Secondary...
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...M2 - Discuss the probable homeostatic responses to changes in the internal environment during exercise. What is homeostasis? Homeostasis is defined as “maintaining a constant internal environment.” [1] The term internal environment refers to the area and components inside an individual’s body e.g. this consists of the blood, tissue fluid, body cell contents and all of the metabolic processes that occur. Constant means an ongoing process and too regulate and control. Homeostasis controls a range of conditions and physiological processes in the body such as body temperature, water content and blood glucose concentration. For example the homeostasis concept means that if it detects that the internal body’s temperature is too hot, the body will begin to sweat and loose heat to its surroundings to bring it back to its optimum temperature. Homeostasis works alongside the negative feedback mechanism. Negative feedback system The negative feedback system is a mechanism that occurs and works with homeostasis to help regulate the internal environment. Below is a generalised negative feedback cycle that can be applied to variables in homeostasis. The first stage is detecting a stimulus in the variable. For example the variable could be body temperature and a stimulus is when there is a change or imbalance in the internal environment so this would mean an increase or decrease in body temperature (+/- 37°c). Secondly this change is then detected by a receptor (sensor); a receptor is...
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...Length Length | Name of unit | Symbol | Definition | Relation to SI units | angstrom | Å | ≡ 1×10−10 m | ≡ 0.1 nm | astronomical unit | AU | ≈ Distance from Earth to Sun | ≈ 149597871464 m [1] | barleycorn (H) | | = ⅓ in (see note above about rounding) | ≈ 8.46×10−3 m | bohr, atomic unit of length | a0 | ≡ Bohr radius of hydrogen | ≈ 5.2917720859×10−11 ± 3.6×10−20 m[2] | cable length (imperial) | | ≡ 608 ft | ≈ 185.3184 m | cable length (International) | | ≡ 1/10 nmi | ≡ 185.2 m | cable length (US) | | ≡ 720 ft | = 219.456 m | chain (Gunter's; Surveyor's) | ch | ≡ 66 ft(US) ≡ 4 rods [3] | ≈ 20.11684 m | cubit (H) | | ≡ Distance from fingers to elbow ≈ 18 in | ≈ 0.5 m | ell (H) | ell | ≡ 45 in [4] (In England usually) | = 1.143 m | fathom | fm | ≡ 6 ft [4] | = 1.8288 m | fermi | fm | ≡ 1×10−15 m[4] | ≡ 1×10−15 m | finger | | ≡ 7/8 in | = 0.022225 m | finger (cloth) | | ≡ 4½ in | = 0.1143 m | foot (Benoît) (H) | ft (Ben) | | ≈ 0.304799735 m | foot (Cape) (H) | | Legally defined as 1.033 English feet in 1859 | ≈ 0.314858 m | foot (Clarke's) (H) | ft (Cla) | | ≈ 0.3047972654 m | foot (Indian) (H) | ft Ind | | ≈ 0.304799514 m | foot (International) | ft | ≡ 1/3 yd ≡ 0.3048 m ≡ 12 inches | ≡ 0.3048 m | foot (Sear's) (H) | ft (Sear) | | ≈ 0.30479947 m | foot (US Survey) | ft (US) | ≡ 1200⁄3937 m [5] | ≈ 0.304800610 m | french; charriere | F | ≡ 1⁄3 mm | = 0.3 ×10−3 m | furlong | fur | ≡ 10 chains = 660 ft = 220 yd [4]...
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...CONTENTS 1. Selected rooms location 2. Preliminary analysis for default and assigned building material set 3. Preliminary comparison of performance of the two (2) apartment units 3.1. Alternative 2: Split; mech vent with cooling 4. Preliminary comparison of performance of the two different cooling systems. 5. Appendix – Building performance simulation results spreadsheet. (1) Selected Rooms Location Figure (1): Typical Floor Plan of the apartment and selected units (2) Preliminary analysis for default and assigned building material set HVAC: Split; mech vent with cooling Energy/Carbon simulation Default Alternative 2 230 kW/m2 214 kW/m2 119.39 kgCO2/m2 110.99 kgCO2/m2 Explanation • Based on above-mentioned result, the design energy use in intensity of Alternative 2 was more preferable than Default. • This is because the energy usages difference in between these two mainly depends on the different...
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...economists find disagreement interesting and refuse to agree for ideological reasons. Answer: C 2) To an economist, ________ is anything that is generally accepted in payment for goods and services or in the repayment of debt. A) wealth B) income C) money D) credit Answer: C 3) Currency includes A) paper money and coins. B) paper money, coins, and checks. C) paper money and checks. D) paper money, coins, checks, and savings deposits. Answer: A 4) The difference between money and income is that A) money is a flow and income is a stock. B) money is a stock and income is a flow. C) there is no differencemoney and income are both stocks. D) there is no differencemoney and income are both flows. Answer: B 5) It is true that A) income and wealth are both stocks. B) money and income are both stocks. C) income is a flow and wealth is a stock. D) money and wealth are both flows. Answer: C 6) An individual's annual salary is her A) money. B) income. C) wealth. D) liabilities. Answer: B 7) A person's house is part of her A) money. B) income. C) liabilities. D) wealth. Answer: D 8) Money is A) anything that is generally accepted in payment for goods and services or in the repayment of debt. B) a flow of earnings per unit of time. C) the total collection of pieces of property that are a store of value. D) always based on a precious metal like gold or silver. Answer: A 9) Which of the following are true statements? A) Wealth is a stock variable. B) Money is a flow variable. C) Income is...
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...Assignment front sheet Qualification Pearson BTEC Level 5 HND Diploma Business Student name Unit number and title Unit 6: Business Decision Making Assessor name James Kwok Date issued Completion date Submitted on 5th January 2015 16th February 2015 Assignment title BDM: To start-up a upstairs coffee cafe in the city(2 of 2) Learning Outcome Learning outcome Be able to produce information in appropriate formats for decision making in an organisational context Assessment Criteria 3.1 3.2 3.3 3.4 LO3 In this assessment you will have the opportunity to present evidence that shows you are able to: Produce graphs using spreadsheets and draw valid conclusions based on the information derived Create trend lines in spreadsheet graphs to assist in forecasting for specified business information Prepare a business presentation using suitable software and techniques to disseminate information effectively Produce a formal business report Use appropriate information processing tools Prepare a project plan for an activity and determine the critical path Use financial tools for decision making Task Evidence no. (Page no) 3 3 3 3 4 4 4 LO4 Be able to use softwaregenerated information to make decisions in an organisation 4.1 4.2 4.3 Learner declaration I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Student signature: Date: In addition to the above PASS criteria, this assignment...
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...Problem Sheet | The Economics of Money, Banking & Financial Markets | 2014 | Ch 3 Sheet 3 | Instructor: Hala A. Fares | Tutor: Sarah Mostafa | MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) To an economist, ________ is anything that is generally accepted in payment for goods and services or in the repayment of debt. 1) _______ A) credit B) money C) wealth D) income 2) Money is 2) _______ A) a flow of earnings per unit of time. B) anything that is generally accepted in payment for goods and services or in the repayment of debt. C) always based on a precious metal like gold or silver. D) the total collection of pieces of property that are a store of value. 3) Currency includes 3) _______ A) paper money, coins, checks, and savings deposits. B) paper money and coins. C) paper money and checks. D) paper money, coins, and checks. 4) The total collection of pieces of property that serve to store value is a person's 4) _______ A) wealth. B) money. C) credit. D) income. 5) A person's house is part of her 5) _______ A) money. B) income. C) wealth. D) liabilities. 6) ________ is used to make purchases while ________ is the total collection of pieces of property that serve to store value. 6) _______ A) Money; wealth B) Income; money C) Money; income D) Wealth; income 7) ________ is a flow of earnings per unit of time. 7) _______ A) Money B) Income C) Wealth D) Currency 8) An individual's annual salary is her 8) _______...
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...Course Title | BTEC Level 3 Nationals in Business | Unit Title | Unit 2 – Business Resources (60 hour unit) | Level | 3 | Unit Number | 2 | Unit Credit | 10 | Assignment Title | Describing Recruitment documents | Part Unit | P1, P2 & M2 | Whole Unit | n/a | Learner Name | | Signature | | Assessor | Mark Grant | Signature | | Start Date | 22/10/14 | Submission Date | 12/11/14 | Feedback Date | 26/11/14 | | | | | | | Vocational Context | It is important to understand the purpose and format of different types of documents that are used in the recruitment process, as you will be coming across them when you apply for jobs. This assignment will allow you to develop a good understanding of these documents. Additionally you will possibly need to create them if you are involved with recruiting staff during your career. | The Brief | ------------------------------------------------- (P1, P2 and M2) A family friend has been operating his own small fashion clothing business (KH Fashions) that has been trading for five years. He has decided to expand the business and has asked you to research different businesses.------------------------------------------------- He wishes to take on staff from outside the family, and because he wants to do this in a professional way, has asked you specifically to research how human and non-human (such as technological and physical) resources are used within organisations. | Grading Criteria. | Evidence | What...
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...NATIONAL UNIVERSITY OF SCIENCE AND TECHNOLOGY PAKISTAN NAVY ENGINEERING COLLEGE HEAT & MASS TRANSFER LAB MANUAL ENGINEERING SCIENCES DEPARTMENT HEAT & MASS TRANSFER LAB MANUAL ENGINEERING SCIENCES DEPARTMENT LAB INSTRUCTIONS 1. No late submissions 2. If you miss the submission time, you will be marked zero in that lab 3. If cheating or plagiarism is observed in the lab report, zero will be marked in that lab. 4. Detailed calculations should be shown. 5. Neat work will earn good marks. 6. Graphs should be made by hands. MS excel graphs will not be accepted. LAB MARKS DISTRIBUTION LAB REPORT/ ATTENDENCE | 50% | LAB PERFORMANCE | 10% | MID TERM ASSESMENT/QUIZES | 10% | FINAL LAB ASSESMENT | 30 % | TOTAL | 100% | TABLE OF CONTENTS S.NO | DATE | OBJECTIVE | PAGE NO | SIGNATURE | 1. | | To show that the intensity of radiation on a surface is inversely proportional to the square of the distance of the surface from the source of radiation | | | 2. | | To show the intensity of radiation various as fourth power of source. | | | 3. | | Determination of barrier temperature gradient between two different metals in end to end pressure contact. | | | 4. | | To perform energy balance on air flowing throw a duct heated by cylindrical rod | | | 5. | | To perform energy balance on air flowing throw a duct heated by cylindrical rod using DAQ | | | 6. | | Determination...
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...Waterproofing Stone Works Roof Tiling Wood Works Ironmongery Steel and Metal Works Plastering and Paving Plumbing and Water Supply Systems Glazing Painting Landscaping External Works Electrical Installation Air Conditioning Installation Fire Service Installation Low Voltage Cubicle Switchboards Installation Diesel Generating Sets Installation Uninterruptible Power Supply System Broadcast Reception Installation Compressed Air System Steam Boiler System Liquefied Petroleum Gas Installation Fuel Supply System Swimming Pool Water Treatment Installation MODBQ.1/1 MODBQ.2/1 MODBQ.3/1 MODBQ.4/1 MODBQ.5/1 MODBQ.6/1 MODBQ.7/1 MODBQ.8/1 MODBQ.9/1 MODBQ.10/1 MODBQ.11/1 MODBQ.12/1 MODBQ.13/1 MODBQ.14/1 MODBQ.15/1 MODBQ.16/1 MODBQ.17/1 MODBQ.18/1 MODBQ.19/1 MODBQ.20/1 MODBQ.21/1 MODBQ.22/1 MODBQ.23/1 MODBQ.24/1 MODBQ.25/1 MODBQ.26/1 MODBQ.27/1 MODBQ.28/1 MODBQ.29/1 MODBQ.30/1 MODBQ.31/1 MODBQ.32/1 6 22 3 8 4 18 7 12 10 7 3 23 8 22 30 19 5 10 7 19 27 55 30 9 5 4 10 6 10 9 7 14 Bill Nr. MODBQ.1 DEMOLITIONS AND ALTERATIONS DEMOLITIONS Demolishing or taking down to ground level Individual structures A * x * x * high to parapet ; * storeys ; reinforced concrete framed building ; as delineated on drawing nr. * ; shoring and scaffolding ( ACCD) * x * x * high to ridge ; * storeys ; steel framed building ; located at * ; materials remaining the property of Employer ; setting aside and storing materials on site ; shoring and...
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...Sample Assignment Assignment front sheet Qualification | Unit number and title | Pearson BTEC Level 5 HND Diploma Business | Unit 3: Organisations and Behaviour | Student name | Assessor name | | | Date issued | Completion date | Submitted on | 11th March 2013 | 4th April 2013 | | | | Assignment title | OB1: Culture and Management Style (1 of 3) | ------------------------------------------------- ------------------------------------------------- Learning Outcome | Learning outcome | Assessment Criteria | In this assessment you will have the opportunity to present evidence that shows you are able to: | Task no. | Evidence(Page no) | LO1 | Understand the relationship between organisational structure and culture | 1.1 | Compare and contrast different organisational structures and culture | 1 | | | | 1.2 | Explain how the relationship between an organisation’s structure and culture can impact on the performance of a business | 1 | | LO2 | Understand different approaches to management and leadership | 2.1 | Compare the effectiveness of different leadership styles in different organisations | 2 | | | | 2.2 | Explain how organisational theory underpins the practice of management | 2 | | | | 2.3 | Evaluate the different approaches to management used by different organisations | 2 | | Learner declaration | I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Student...
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