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

Describe the following features of their two chosen businesses.

Extracts from this document...

Introduction

A1 Describe the following features of their two chosen businesses. Activity Promethean make and sell products such as Whiteboards, Software's, Active Pods and associated peripherals. Rovers are a premiership football team and they play football. They also do other things such as sell merchandise (eg shirts, scarves, drinking bottles, caps etc) Business Activities Definitions The operations carried out by a particular organisation eg the types of good the business produces, also the services it offers such as football etc. Furthermore whether it provides only goods or only services such as a bank would provide a service etc. There are five main types of services: sales of goods (eg retail, wholesale, mail order, internet); manufacturing of goods (eg consumer goods such as radios and capital goods such as machine tools); producing raw goods (eg agriculture and fishing for ...read more.

Middle

The business provides a service directly to a client. There is also a non-client service such as haulage companies, radio and television companies it is a service which is provided but not usually face to face with a client. Core Business Activity The definition of Core Business Activity is the main activity on which the whole business depends. Promethean's core activity is to manufacture and sell of Interactive Whiteboards. Blackburn Rovers core activity is to play football, Rovers full business depends on football, and everything else is an extra. Promethean Promethean is a secondary and tertiary businesses because they make and sell their products. The demands of customers for Interactive Whiteboards have changed over the years, for example, around 2001-2002 there was the odd classroom which had interactive whiteboards, but as time moved on there's a demand for interactive whiteboards because technology becomes more advanced. ...read more.

Conclusion

The number of people involved in Promethean has risen over the years as there is a higher demand on their products. Promethean have made a profit over time as customer demand increased. The UK benchmark for 2004 is �52m from the government to schools. Promethean got the majority from schools. There market shares are 40%, they are number 2 in the worldwide market. In 2002 Promethean won the Lancashire Evening Telegraph Business of the Year 2002, and Promethean also won the Queen's Award for Innovation 2003. Promethean were voted the Hottest UK Technology Prospect in the annual UK Technology Innovation and Growth Awards for 2005. More than 50 000 of Prometheans ACTIVboards are installed in classrooms around the world-sourced by Lancashire Evening Telegraph 2005. ?? ?? ?? ?? ...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 Accounting & Finance 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 Accounting & Finance essays

  1. Financial Services

    the middle of the year, where he would have put some money aside, for himself, therefore he will never have financial difficulties. 1.4I have also researched a family's income and expenditure on a yearly basis. Mr. and Mrs. Reynolds have been married for over 15 years, and are both employed in different business sectors.

  2. Complete Report on Askari Commercial Bank

    The bank will charge Rs.100 for closure and remaining balance in the applicant's account will be paid to account holder. If the conduct of customer is not satisfactory then bank can also close the account but bank will give prior notice to customer to make proper arrangement of his funds.

  1. This report has been produced as evidence for Unit 9 - 'Financial Services' - ...

    What is the meaning of APR? The APR is the figure which takes into account of interest that is paid and other fees (including arrangement fees for setting up loans e.g. mortgages). An APR also takes into consideration when and how often interest charge must be paid.

  2. Financial Services

    The other customer will be an organization, such as a private limited company operating nationally, or a public limited company that has operations abroad, or a public sector organization. I will give a reasoned choice of the financial institution and chosen products for the different customers.

  1. Management Accounting Report.

    The cost of Beta project is �700,000, to find out how many years to pay that money back we have to add up the inflow of the project until it adds up to �700,000. In the first year the Beta project has an inflow of �210,000.

  2. Financial Products and Providers

    * Paying in book to show a record of all the transactions made * Individuals of the financial providers can invest money in small or large amounts into their accounts. Most of the banks will offer advice, which suits the customer best.

  1. Financial Services

    This report is due back on the 10th December 2004. Financial service providers Below are some of the financial providers * Investment companies * Insurance companies * Government I will talk briefly about each one and explain the benefits and the disadvantages of each.

  2. Responsible accounting is the ability to conduct business in a way that is not ...

    This way allows the managers to make the decisions on how to keep the company in business. Internal reporting also shows services to aid resources and energies to (3). The second way is to report external. This way goes to the federal government and IRS and the state.

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