Business & Administration Knowledge Questions Part 3 Essay

| The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder, they can get information by advertisements and even check their annual report on the businesses website.

As with all forms of employment, it is now important to keep up to date with the relevant legislation and codes of practice so as to ensure that you are

Telephone – A telephone maintains a few different features rather than just receiving and making calls. At work the phones that we use are often different to

1. In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks.

There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

ii. Do a good job on the project. I worked countless hours working to prefect this project, and feel as if I deserve some encouragement.

My Terms and Conditions of Employment, which must be signed by all staff, will set out any relevant Codes of Practice.

• The first thing you need to do is save a copy of this document, either onto your computer or a disk

Please note that this Assessment document has 8 pages and is made up of 7 Sections.

3. Explain how to fulfil own responsibilities to colleagues through responsible, constructive and co-operative team working

Explain the purpose of guidelines, procedures and codes of practice that are relevant to own work

4. Tasks should be broken down so goals can be achieved in a reasonable timeframe.

Strategy management is the key to success in any organization. However, without the proper strategy and implementation, it is difficult for any business to survive regardless of the industry or the size of the company. The largest retail company in the world is Walmart. The success of Walmart is because of its sound strategic management decisions and it ability to implement its strategic decision. A major factor in the continued growth is the rapid growth strategy. The future for Walmart looks bright. Increasing profits and recognizing social and ethical responsibilities will provide Walmart with a comfortable

‘Members should act diligently and in accordance with applicable technical and professional standards when providing professional services.’

Q1. Describe your business, its business strategy and the organisational culture you were intending to achieve.