Abdulaziz Omar

Unit 2 – Investigating Business Resources

Merit 2

It is very important for an organisation like Sainsbury to control its cost so that it can manage it financial resources effectively. The reason Sainsbury needs to controls its cost properly would be that it would end up where it would save money on expenses and increase it revenue. This will help the company increase its profits and this would allow the company to invest money if they required. The reason Sainsbury needs to controls its cost and budget properly is that it would save its money by having the right amount of stock in the shop floor and stock room then the company will have full benefit by selling those stocks and not holding up cash which could be used for other areas of the business.

It is very important for an organisation like Sainsbury to control its cost so that it can manage it financial resources effectively. The reason Sainsbury needs to controls its cost properly is that it would save its money by having the right number of staff then Sainsbury would benefit as they would have cash available to pay for other expenses in the business. The reason Sainsbury needs to controls its cost properly is that it doesn’t go over the budget which has been set by the company

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It is very significant for an organisation like Sainsbury to control its debtors properly and effectively then this would mean that the company would get its money owed paid back quickly and this would aid the company by having it money back from it debtors. This would mean that the company would have money available to pay it creditors and purchase stock.

It is essential for Sainsbury to control its budget has it helps the business to determine whether they have enough money to fund operations, expand the business and generate profit. It is essential for Sainsbury to ...

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