Gnvq business Unit 1 investigating how business works section B

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Gnvq business Unit 1 investigating how business works

Section B Functions

All organisations have a number of different departments  functions that work together to help  the business achieve it’s aims, at Thorpe park there are 4 main  departments;

  1. Finance

The main roles of finance include

creating a  budget to make sure money is spent in a way that every aspect in Thorpe park is funded well to stay in proper condition e.g. if the was no budget they might use too much funds too repair one ride and leave another in bad condition which may  cause an accident and they might loose their customers.  

A second function of finance is to record the level of sales to compare how well the park is doing from previous time and figure out how to improve them therefore if they did not record the levels of sales they could loose a lot of money without knowing it.  

Recording and checking the cost of new projects so that they can work within the budget of the park therefore if they don’t do these, projects might stop in the process because of insufficient funds.  

Making sure that wages are paid at the right time to the staff to avoid problems of losing employees when the park is running because the park needs the right number of people working in the park to run properly.

Making sure that payments are made to suppliers when goods are received so that they don’t retrieve them when in use because they have not been paid.

2. Human resources

Make sure that there is the right number of people working in the business so that so that all the activities and rides are attended if there are not enough people working in the park customers won’t get all the assistance they are looking for.

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Recruit staff with the right skills so that the rides can be run properly with the right techniques and coordination because if they don’t have the right skills there might be accidents and other complications.

Solve arguments between workers because the aim of the park is to attract people and arguments will scare people away because they looking to have fun in a healthy environment and to provide good service workers must work together.

Provide training to make sure the staff has the right skills so when the park improves with different equipments and technologies they don’t ...

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