• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Abbey PLC main activityAbbey PLC is a nationwide bank that provides finance accounts and services to the public and its customers. It is the biggest leading bank that only focus's on UK personal finance services

Extracts from this document...

Introduction

Contents: Page: Business studies assignment-how a business works (Abbey PLC Bank) Q1 (P1) Show a good understanding of how the business works as a whole Abbey PLC main activity Abbey PLC is a nationwide bank that provides finance accounts and services to the public and its customers. It is the biggest leading bank that only focus's on UK personal finance services. The main activity of Abbey is to give and receive money to its customers, in regards to bank accounts, personal loans, mortgages and long term investments including life insurance pensions, general insurance and savings. The main functional areas in abbey are human resources marketing, finance, and manufacturing department. The main branches in London are located at 406 strand, London wc2 rorne,l34Piccadilly, London w1j odn, 165 oxford street w1p 2jp, 306 high Holborn, London w1cv 7jz, 14a Hanover square London w1s1jl. ...read more.

Middle

PICTURES OF LOAN RATES AND OPENING HOURS The type of jobs abbey offer are branch manager, client relationship manager, customer service advisor, mortgage advisor, telephone customer advisor, personal banking advisor, service and control manager, sales manager, cashier, and personal advisors. Q2 (P2) What type of work is done in the four functional areas, how is this work carried out? Functional areas: The four functional areas are: * Human resources department * Finance department * Marketing department * Manufacturing/operations. Human resources department. The human resources department understands the business as well as people. The department recruits and selects new staff with the skills and experiences that match the job description, provides employees with advice and information, provides terms and condition to new employees, manages changes in working arragements the organisation structure etc, ...read more.

Conclusion

employing a staff nurse, supervising canteen and sports facilities ensure health and safety guidelines at work are followed, keep staff records. Finance Department The finance department deals with employees wages besides whether the business will need to borrow or lend money watches over the cash flow. The finance team also works out the budget for over departments and makes sure the business pays its taxes and has enough money to operate the business so that the bank can provide customers with personal loans, and long term investments including life insurance, pensions, general insurance and savings, manages the companies stock, and buys equipment such as CCTV cameras, computers, tables and chairs, tills, leaflet holders, telephones depending on the budget of the bank. ?? ?? ?? ?? Lucas Wilson, Tutor: Mary Gordon, Business studies assignment-How a business works. Lucas Wilson, Tutor: Mary Gordon, Business studies-How a business works. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. The Boots organisation is a public limited company (PLC).

    Boots community activities include: > Recycling merchandise, which made donations to over 2,000 community-based projects last year. > Boots launched a new educational website, which went live on February 2002. > Last year Boots managed 3,500 work experience placements in stores.

  2. What products and services do you think are at Drayton Manor?

    Food Outlets Within Drayton Manor there are a variety of food outlets within different areas of the Theme park these are stated and in detail below. Main entrance First & Last This is ideal for having when entering the Theme Park and exiting the Theme Park.

  1. Managing Human Resources in Marks & Spencer.

    How Marks and Spencer would use local labour market information to recruit a supervisor If Marks and Spencer found that it needed to recruit an office supervisor externally, after finding that the company did not have the suitable candidate(s) internally, it would need to use relevant local labour market information.

  2. Introduction To Business Activity

    They sell luxury and sports type cars. They also are in the Tertiary Sector because they sell the manufactured cars in their showrooms. The website that I got information from is: - http://www.stratstone.birmingham.jaguar.co.uk/ Timber World Timer World is in the Primary sector and the Secondary Sector and the Tertiary Sector

  1. Human Resources Assignment - Sainsburys.

    * Retraining staff e.g. staff could be taught new ways of working and to use new technology. * Introducing flexible working practises e.g. annualised hours When there is not sufficient staff to carry out effective production within Sainsbury's, decisions are made to recruit new employees.

  2. Unit 1 Section 2 (Functional Areas)

    They ensure that collection and distribution of mail is happening and hires young workers to distribute it. They keep the records for all of the activities happening and make sure the meetings they have organised are running on time. They may also be in charge of the cleaning and the maintenance of the building or environment they are working in.

  1. business ownership and activity

    They don't have to pay VAT due to its small size of business. Types of ownerships Decorium is a family run business which established in 2004 by Mrs. Mine Gursoy. It has only one owner who is working fulltime and two employees who are working part time in the business.

  2. introducing customer services

    Task 5 In this task I will be explaining the meaning of external customers. I will also be giving examples of what an external customer is. External customers An external customer is an individual or business outside of the company who receives goods or services from that particular company.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work