Engineering Business Functions Essay

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| 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.

According to ASC 805-10-55-4 a business consists of inputs and processes applied to those inputs that have the ability to create outputs. Although businesses

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.

Within any business there are the organizational functions that can create the type of structure an organization will have. A business's functions are the things it does. Production, sales, and marketing are a few examples Chick-fil-A has within the company. The organizational structure defines the relationship and interactions between the different parts of the company, and identifies how the chain of command runs through the different levels. When money is earned at a fast pace, it opens doors for the company to expand. As the company grows, they begin to hire more employees and they offer new products.

However, a disadvantage of a public limited company is that Tesco PLC has more chance to gain a much greater number of external shareholders. The company directors will be accountable for the external shareholders when listed on the stock exchange. Another disadvantage of a public limited company is that Tesco PLC has more greater scrutiny from the public of the financial performance and actions.

Tesco is the Public Limited Company I will explore. To understand the size of Tesco, it has stores in 12 countries across Asia and Europe. There is a sum of 3739 Tesco stores within the UK (as of 2017). They also have 460,000 Colleagues at the end of 2016. This shows the size of Tesco and gets us to understand the effect that Tesco has on the UK’s economy and needs and goods of UK’s communities.

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

A way of doing this task efficiently would be to keep a log setting out of the roles that you and the other members of the team have within the team in which you are working as a part of.

M1 - Compare the purposes of the different documents used in the selection and recruitment process

Analyse how evaluating a business event informs future planning. Identify different methods of evaluation, e.g. questionnaires for delegates or a debriefing session, explaining how they contribute to identifying problems and providing solutions for future events.

M2(Unit 37) - Assess the social implications of business ethics facing a selected business in its different areas of activity

Disciplinary procedures are a set way for an employer to deal with disciplinary issues. They should include a disciplinary hearing where you’re given a chance to explain your side of the story.

In this assignment, I will evaluate the reliability of break-even analysis in estimating budgeted activity levels for a selected organisation.

The definition of company is 'A legal entity, by legislation, which permits groups of people, as shareholders, to apply to government for an independent organization to be created, which can then pursue set objectives ' (Duhaime, 2014).