detailed picture or image of something. Show all characteristics and all relevant features to give the reader a visual impression or account. ------------------------------------------------- Explain: Set out in detail the meaning of something with reasons. This is more than just describing so can often help by giving an example to show what you mean. ------------------------------------------------- Evaluate: Review all of the information and then bring it all together to form a conclusion. Give evidence
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resources efficiently is also explored. The level of an organization’s performance can be seen in its financial statements and the second part of this unit will develop your knowledge and understanding of them and highlight the need for the monitoring and control of costs and budgets. Scenario 1 You have obtained work experience as an assistant in a Recruitment Agency. One of the Agencies more important clients, ASDA, are wishing to change its recruitment procedures and have asked the agency
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the predicted and actual budgets for the business, I am going to give you some advice on how to manage your money more effectively which could start to help you and the business make a profit again. It is very important that you look after your cost and your budgets because you will be able to manage your finances; if you manage your costs you will be able to save more on your expenses which can then lead to increasing your revenue, for example if you controlled your costs you will be able to save
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organisation | 1 | P4 | Describe the sources of internal and external finance for a selected business | 1 | P5 | Interpret the contents of a trading and profit and loss account and balance sheet for a selected company | 3 | P6 | Illustrate the use of budgets as a means of exercising financial control of a selected company | 2 | P7 | Illustrate the financial state of a given business | 3 | M1 | Explain how the management of human, physical and technological resources can improve the performance of
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Analyse the different project control and configuration management techniques and discuss the reasons why a particular technique was chosen for your project. There are several project control techniques that can be utilised during project execution so that potential problems can be identified and appropriate corrective action can be taken in a timely manner. This is very useful in analysing project performance and measuring regularly against the project management plan. One of the most
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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 second part of the unit explores the sources of financial resources available to organisations. The level of an organisation’s performance can be seen in its financial statements. The unit aims to develop knowledge and understanding
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Business Resources P1 Describe the recruitment documentation used in a selected organisation Documentation is very much required while recruiting personnel. This will be useful for both the parties. Different Organizations deal with different procedures with regard to recruitment documentation. However, the following are some of the important recruitment documents in general used by different organisaitons: i) Offer Letter ii) Appointment Order iii) Physical Fitness Certificate
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times, it has been proven that risks also have elements of positive opportunities. There are many reasons in which organisations invest in the Risk Management Process. At many firms, the ability to complete projects on time and within budget with minimum incidents is at the core of their success. For this reason, project management is a vital tool for the company’s survival. A project that experience cost over-runs and extended beyond the scheduled time affects not only the specific project team but
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Business controlled assessment Business controlled assessment Analysing how 3 different organisations market their product. * Tesco * Pretty in pink * Rocco’s pizza Content page Content page Page 2 - content page Page 3 – introduction Page 4 – analysing Tesco’s marketing strategies Page 5 – marketing mix for Tesco Page 6 – marketing mix for pretty in pink Page 7 – marketing mix for Rocco’s pizza Page 8 – conclusions Page 9 – appendix 1 Page 10 –appendix 2 Page 11 – appendix 3 Page
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