Unit 32 D1 Analyse how development in the consumer market have impacted on a food retailer
D1- Analyse how development in the consumer market have impacted on a food retailer Introduction:- This report I will analyse and also explain how development in the consumer market have impacted on food retailers, this will include the food retailing operations and the consumer market Food retailing operations: Superstores: Supermarkets have become very popular in recent time as there are many other ways in which customers are able to purchase products such as they offer Tesco click and collect service, customers are able to order the products online and then go pick them up, the internet is another way in which customers are able to purchase products and get them delivered to their house, technology has made the way in which customers are able to shop more efficient. It is a trend for consumers because it is more convenient for them as they are able to pick up all their essential items from one place rather than going to many different other places Limited range: The amount of variety of food that is up for offer, Tesco supermarket has a massive variety of products, but their general stores have limited variety of products that are regularly purchased by customers, the only difference is that the general stores are more expensive than the super stores. Limited range is a range is a trend as customers are able to get better quality products for a cheaper price
Unit 2 P5 Interpret the contents of a trading and profit and loss account and a balance sheet for a selected company
P5: interpret the contents of a trading and profit and loss account and a balance sheet for a selected company This report is going to interpret the contents of a trading and profit and loss account and a balance sheet for a selected company. The selected company that is report is going to interpret the content is Tesco plc from 2012 to 2013, and looking into their income statement and their balance sheet found from their website. Income statement The income statement measures the trading performance through revenues, gains, expenses, losses, net income etc. Profit figure can be established by deducting expenses from sales. This allows calculation of profitability. Revenue is in the financial statement that looks at the amount of income that an organisation receives in a specific period. For example Tesco plc.’s revenue has total revenue of 64,826m in 52 weeks in 2012/2013. The revenue gives an overall cost of money that an organisation has made from selling goods. The revenue of Tesco plc have increased in 2013 to £64,826m from £63,916m in 2012 this indicates that Tesco plc have sold more product that they have sold in 2013 to increase their revenue. The Cost of sales is the amount of stock the organisation has sold in a specific period for example Tesco plc cost of sales is an overall amount of £60,737m in 52 weeks in 2012/2013. This indicates that the
Unit 2 P1 Describe the recruitment documentation used in a selected organisation
P1: describe the recruitment documentation used in a selected organisation This report is going to describe an effective business needs to guarantee it has adequate resources to encounter for example by planning and co-ordinating staffs, equipment, working capital, facilities and administration. These essential aspects are important and need to be regular monitored to guarantee things are functional, so that troubleshooting and problem solving is carried out accordingly. The human resources department is responsible for staffing to meet changing business demands this will ensure that it will involve liaison with other departments such as production, marketing and finance. This will need to be decided whether an increase in staffing such as being provided in house or through outsourcing. The main function is the recruitment of knowledgeable, skilled staffs using relevant documentation such as application forms, job descriptions, person specification and contrast of employment. Staff work is part of a team that the human resources department will be involved in the monitoring of a team performance and the coordination of the team resources to meet targets. This will be involved in motivating staffs In order to improve retention being a team and motivating staffs is essential because it will help improve the retention due to teamwork and motivation, this can be done by hiring
Unit 4 P1 Explain different types of business information, their sources and purpose
P1: explain different types of business information, their sources and purpose Types of information Verbal Verbal information is literally face to face which is seen as the best way to communicate. This way there is less scope for misunderstanding and it allows for verbal and non-verbal messages. Written Written information is the use of physical symbols to represent words. Words are sounds that make up speech. Other forms of physical representation, such as diagrams, graphs and charts are also types of visual representation. Onscreen On screen information may be produced on-screen. This can be seen in multimedia TV and CD-ROMs that combine text, graphics, animation, audio and video. Multimedia Multimedia information can be text, graphics, audio, animation, video, data and many more. It is media and content that uses a combination of different content forms. Web-based Web-based information is an information system that uses internet web technologies to deliver information Types of information used by Tesco plc Verbal-Tesco information Written- Onscreen- Tesco plc uses onscreen Communication with employees and customers for example on Tesco plc.’s website, they have a blog posted by different employees in the organisation that notify anyone that wants to know any upcoming plans in their organisation in the future or what they have achieved form those
Unit 32 P3 Explain how developments in the consumer market have impacted on food retailing.
P3- Explain how developments in the consumer market have impacted on food retailing. Developments in the consumer markets have impacted on food retailing whether it is regarding the changes in technology or changes in customer expectations or environmental issues. These changes can affect many different food retailing operations such as; superstores, limited range, discount food stores, petrol stations, home essential stores, city stores, mail order, online stores, farmer’s markets, home delivery. Radical Radical changes are largely to do with technology and how it’s evolved over time and the impact it has had upon food retailing. Radical changes have affected superstores in terms of the 4 large super markets, which are Tesco, Asda, Morrisons and Sainsbury’s. The food retailers have adapted to meet developments by installing self-scan checkouts to reduce queues in stores, this new type of technology that supermarkets have invested in to keep their customers happy, by reducing the time standing in queues. They also have websites where their customers can view the products and services they require to make it easier for their customers and more convenient. Also stock management to ensure supermarkets do not run out of the goods consumers want because % of customer like stores that have products that are in stock. Limited range retailers such as Aldi and Lidl have
Unit 2 M2 Assess the importance of employability skills and personal skills in the recruitment and retention of staff in a selected organisation.
M2: Assess the importance of employability skills and personal skills in the recruitment and retention of staff in a selected organisation. This report is going to explain the importance of employability skills and personal skills in the recruitment and retention of staff in Tesco plc. Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Cheshunt. They hold the number one position in UK grocery sector. This report gives indication of what needs to be met for Tesco plc to recruit employees that are able to work efficiently in and remain in Tesco plc. The retention of staff is important to businesses such as Tesco plc because retention saves costs of recruitment and training replacements in the long run. Retention means staff become more experienced over time and may give better service to customers. This suggests that keeping retention of staffs is important for Tesco plc because it means that staffs that have gained experience in working in their sector in Tesco plc have more knowledge of what they are doing which safes money for Tesco plc. This makes recruitment crucial to get right because there could be some employees that aren’t reliable to commit to work or stay and work in the job because they might not like the wages they get; they might not like what they are doing in the job, etc. This is crucial because it means that
Unit 2 D2 Evaluate the adequacy of accounting ratios as a means of monitoring the state of Tescos
D2 evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in selected organisation, using example This report will evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in selected organisation, using example. The selected organisation is going to Tesco plc, and it will be evaluating their profitability ratios and Liquidity ratios. A financial ratio (or accounting ratio) is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. There are many standard ratios used to try to evaluate the overall financial condition of a corporation form a balance sheet. Financial ratios may be used by managers within a firm, by current and potential shareholders of a firm. Financial analysts use financial ratios to compare the strengths and weaknesses in various companies. Accounting ratios indicates the efficient use of business assets and whether the share price is realistic based on earnings, but some of the critical details that might cause the business to go bankrupt are, liquidity ratios, legal issues, employee issues or funding issues/gearing ratios. Therefore ratios alone are not enough. However ratios don’t indicate the actual figure that the organisation has made. This is because the ratio is turning into a percentage of the accounting ratios. A
Unit 1 P5 Describe the influence of two contrasting economic environment on business activities within Tescos
P5 Describe the influence of two contrasting economic environment on business activities with in a selected organisation This report will be describing the influence of two contrasting economic environment on business activities with in a selected organisation, which will be Tesco plc. The report will be looking at how the demands and supply affect the economic and how it influences recession and excessive growths affect the economic. This report will be also explaining the interaction of how globalisation influences businesses. The economic is made out of two things which are the buyers demand and the suppliers that sell goods. The types of groups who make up the economic environment are the demands and the suppliers. Economic environment is the factor that influences the economic such as recession when a period where the economic growth slows down and the level of output may actually decrease. Unemployment will be likely to increase the recession. The boom factor influences the economic by a period of fast economic growth which is a high output due to increased demands and unemployment. Another factor is the slump which is a period when an output slows down due to a reduction in demand. Recovery is another factor which is a period when the economy moves between recession and a boom. The importance of stability will keep the economic sustainable this is because it
Level 3 BTEC Business, Unit 33 - P2 How businesses use the Internet.
Task 2 Some businesses use the Internet to research competitors. For instance, Hoovers.com allows searches for detailed information on businesses across the country. An Internet search on a competing company results in articles and news stories about the competition that may help a business owner prepare for changes in the industry. One of the basic uses of the Internet for businesses is to sell products and services. Businesses create E-commerce websites to sell anything from cell phone contracts to books and CDs. Online selling eliminates the need for the business to maintain a brick-and-mortar store and in some cases they don't have to hold an inventory. A business can also use the Internet to buy items and services online, such as bulk-buying office supplies or printed materials. Businesses also use the Internet to find new customers through online advertising. Offering text and banner ads on websites as well as informational pieces, the Internet allows advertisers to reach potential customers quickly and efficiently. Pay-per click advertisements are distributed on Internet search engines and websites, allowing business owners to reach potential customers using search terms related to their business. As the business pays only for each ad click, costs are lower. The affordability and reach of some Internet advertising puts even the smallest business owner in a position
In this assignment I'll be explaining the competitive pressures on two businesses to develop their use of e-business.
Introduction In this assignment I'll be explaining the competitive pressures on two businesses to develop their use of e-business. Secondly I'll be explaining how two businesses have responded to competitive pressures to develop their use of e-business. Lastly I'll be evaluating how successful my selected business has been in preparing for the growing use of e-business. The Five P’s Competitive Pressure faced while developing the use of e-business (ASDA) Actions taken by the business to respond to these competitive pressures Product The competitive pressure ASDA is facing is pricing of products. They need to make sure their prices are much more reasonable than competitors such as Tesco. If Tesco are selling their products at low prices, ASDA will need to either have a similar price, or go cheaper or offer a good promotion with the product such a ‘buy one get one free’. This will enable ASDA to gain more customers. Not only do they face the pressure of changing their prices but also updating their product. If Tesco introduces a new item on the market ASDA will have to counterattack by doing the same and doing it better. ASDA have taken action by lowering all their products prices, and compared to Tesco they have over 1000 more items cheaper at ASDA than Tesco. This gives them the advantage of gaining more customers to shop with them as the pricing at ASDA is
