for their personal use. They are a key stakeholder in some business’ as they are the primary source of their revenue. | A consumer would be interested in DFS, as they want them to produce high-quality, value-for-money products and the after-sales service in order to make any future sales. As they are the purchaser of the good, the business is essentially interested in the needs of the consumer. They can have a huge impact on the business as if they receive a poor quality product it would lead to…

Business Environment Business environment is all about the combination of internal and external factors that may influence a business’ ways of operating such as: clients, suppliers, its competitors... stakeholders decide to start a business for many reasons: to pursue an interest or a hobby, mainly: to be their own boss. In other terms, people think that being your own boss, mainly as a sole trader gives you many opportunities although there are drawbacks as well. They also have interest in business…

M1 Business Communication INTRODUCTION In P1 I talked about types of communications used by Asda and these are Verbal, written, on- screen. In this task I am going to show you the advantages and disadvantages of each type of communication referring it to my chosen company and that is Asda. ADVANTAGES OF VERBAL/ORAL Oral communication or speech is often the preferred medium to exchange information in in informal situations since it provides a number of immediate benefits when attempting to pitch…

Unit 38: Business & the Economic Environment Task 1 – P1, P2, M1 & D1 Introduction In this assignment I am going to explain the effects of changes in the economic environment for Nissan UK. I am then going to analyse the impact that government policies have on Nissan UK. I am then going to evaluate the impact of changes in the economic environment to Nissan UK. The effect of changes in the economic environment has an effect on Nissan UK. This has been shown in the way the economy has…

P1 Strengths: • I am enthusiastic • I have a positive attitude • I am self-motivated • I have excellent communication skills • I am trustworthy • I have a smart appearance Weaknesses: • Nervous when speaking in front of groups • I am sometimes shy when I meet people for the first time • My punctuality is sometimes a problem M1 When starting your own business there are many advantages, these vary from being your own boss, which means you are able to make your own decisions which…

Unit 3 P1 Describe how marketing techniques are used in the marketing of products in two organisations Product cycle Introduction The businesses and products I chose happened to be, Nike and their Mercurial football boots, and Sony and their PS3 gaming console. I chose these products because I think they are both reasonably diverse, and in their time, both these products have experienced a range of sections within the product life cycle. For example, due to Nike’s football boots having to be constantly…

|Activity Booklet – Assignment 1 | Student: Jordan Stephens | [pic] [pic] [pic] [pic] LO1.1 - Know the different levels of government in the UK P1 - Describe the following bodies involved in governance. Levels of government and their responsibilities: ▪ European Parliament, The European Parliament handles decisions, which would affect the countries, which are members of the EU; these…

P1 – Describe how marketing techniques are used to market products in two organisations. Marketing is the term where companies create their products or services awareness into the market. This goes ahead with identifying the customer’s needs and then working on purpose. The customers found to be in the centre of the whole process as they help in profit making. Marketing techniques can be defined in to different strategies which are: Growth strategies – It is the strategy which always aims high…

P3 - Describe the main physical and technological resources required in the operation of a selected organisation. M1 – explain how the management of human, physical and technological resources can improve the performance of a selected organisation. In this assignment I will describe the main physical and technological resources required in an organisation, and how the management of human, physical and technological resources can improve the performance of Tesco. Physical resources Some of the…

Unit: Unit 1 Developing effective communication in health and social care. Task: 1 In this essay I will be explaining how I use good communication and interpersonal interactions with the residents I will meet on my work experience at a residential home for older people. I will be explaining the skills and strategies I will use to make communication making sure it is effective. My essay will talk about different types of communication for example one to one, with different types of people, including…