Essay Writing
Blake Evans Eng Essay waiting Waiting has its pros and cons. In Enda's short essay she says that when you expect something to happen it will seem to take longer to happen but if you forget about it, it will seem to happen sooner. I agree with her because if you are constantly thinking about something happing you get preoccupied with it and every thing slows down because you are waiting for it. If you go on with your normal activities the event will seem to happen sooner because when it happens it will surprise you thus being more special. But I disagree with her when she implies that technology is bad because you don't have to wait as long. Technology has gotten advanced enough to be fast and accurate while also maintaining quality. As long as the information is provided exactly the way the customer wants it the waiting period can be as quick as possible. When people call a technical support line they want there question answered quickly and accurately but most of all accurately. People would rather have their question answered in 2 hours but be correct than wait 1 hour and be wrong. I don't know why any one would want to wait longer for a technical support answer than they have to. The answer would not be sweeter the longer they wait. This company is know for its speed not quality speed without quality is worthless people would much rather call a company that
Information systems
Information systems They are systems formed through coordinated function of people, equipment, procedures, data and other recourse to provide uniform, reliable, accurate information. In effect, an organizational system is tied together with its information elements by the information system. Examples of information systems are; Transaction processing system (TPS) It falls in the low-level management, it support day to day business operating activities (transactions) which is the most important objective of the business. A computer based TPS focuses on the operating level of the business and deals with data from internal sources. The management information produced by TPS usually consist of detail reports of daily transaction (such as items sold or all accounting transaction that have been recorded in various ledgers and registers) or future transactions (such as list of items to be ordered). Typical examples of such systems would be Airline Reservation Systems, Banking Systems, or the Accounting System of almost any large company A TPS operates only within one functional area of business i.e. accounting and finance, production, marketing and sales, and research and development each has its own TPS. Database management systems (DBMS) were designed to solve the problems involved with sharing computer-based files among the different functional areas of the business hence all
Setting Up A Business
Setting Up A Business. My idea: My idea for setting up my new business is to create, manage and own my own 'Mobile Athletics Shop'. This will consist of selling athletics merchandise, engraving medals and embroidering/personalizing any clothing the consumer needs. This is very beneficial for me, as I will bring the merchandise to the customers instead of having a place in which they need to go. I will not have to worry about a premise, as my business idea is to have a transportation of athletics merchandise, an embroidering machines and an engraving machine all on the one lorry load. As I have all the knowledge of athletics, being an athlete, this will help me immensely as I will know what to buy and I will know what the customer needs from personal experience. Throughout my athletics I have found that it is really hard to get hold of cheap athletics equipment and is never really easily accessible so from my experience I can help the new generation of athletics everywhere. Market: My market is hoped to be aimed at any level of athlete needing athletics merchandise at low prices and will be available to a range of ages. From the market research I produced I found that all athletes were in favour of the idea and believed it to be an excellent way to encourage all athletes around the world to take up athletics and for the more advanced athletes to improve there performance
Setting Up In Business.
Subject: Setting Up In Business Introduction The purpose of this report is to provide an essential source of ongoing reference on the aspects of setting up in business. The report provides a comprehensive, but clear and concise review of the key issues that will be faced when setting up in business, and help reduce the perceived barriers. Reasons For Setting Up In Business Many people set up in business simply because they prefer to be their own boss and work at their own pace. Other reasons are a reaction to circumstances. A common one is frustration at work. This may be due to a failure to obtain promotion. It may be a dislike of the way the company is run or the people who run it. Or it may be an inability to get ideas, or inventions, adopted. In short, individuals believe either that they are not being given credit for their ability or that they can do it better than their employers. Unfortunately, redundancy is frequently the reason to get started. It does have the advantage that a career is not at stake - it having already been lost - and that some finance may be available from a redundancy payment. Other reasons come from a desire for independence or the wish to make money. Certainly such people expect to make money but the fun of independent decisions and achievements are more important to many. Indeed, planning for expansion and the achievement of a steadily
What are Franchises?
A franchise is when a business allows someone to sell its goods or services its trade marks, brand name, image and system of operation. The franchise doesn't provide all its services for free. Franchising is a very common type of business ownership. Some of the biggest businesses in the world are run by using franchising. An example is McDonald's. The main aim of a franchise is to: The main aim of the owner of franchise (franchisor) is to expand their current business without having to put in large sum of capital. The franchiser is likely to have profit maximisation or taking a maximum market share as major aims. For the franchisee, a successful business and a reasonable income are likely to be targets. For the franchisee, the main aim will be to start a successful business by using a tried and tested business idea. Franchises are often seen as low risk because the franchisor is already providing the franchisee with the brand name and products which as already been successful therefore the risk is very low for the franchisee to fail. The main reasons for setting up a franchise are * More profit for the franchisor * More growth for the business * Low risk for the franchisee to fail because the Brand name of the business and products is already well known and successful Franchise could have unlimited liability The liability of a franchise will depend on the business
What is E-Commerce?
What is E-Commerce? E-commerce is used everywhere in everyday life. It brings the universal access of the Internet to the core business processes of buying and selling goods and services. It helps generate demand for products and services and improves order management, payment, and other support functions. The overall goal is to cut expenses by reducing transaction cost and streamlining all kinds of processes. The Internets worldwide reach helps businesses discover new markets while increasing the speed of access and the speed of transaction. A broader definition comes Elias Awad, author of the book Electronic Commerce 2002. Ecommerce (EC) can be defined in numerous ways: * From a communications perspective, e-commerce is the ability to deliver products, services, information, or payments via Internet such as the Internet and the World Wide Web. * From an interface angle (EC) involves various information and transaction exchanges: business-to-business (B2B), business-to-consumer (B2C) and consumer-to-consumer. * From the view of a business process, EC includes activities that directly support commerce electronically by means of networked connections. Within business processes and b2b are managed by the same networks as that of b2c processes. * From an online point, EC is an electronic environment that makes it possible to buy and sell products, services, and information
Will it make a Profit?
Name ___________ Form ____ Teacher ____________ Deadline for completion: 19th February 2007 GCSE Business Studies Coursework Unit 3 Will it make a Profit? Finance coursework Task 1: Knowledge The aim of this coursework is to produce a report investigating the possibility of making a profit for my companies' product. The aim of this coursework is to produce a product that will be successful and make a profit. The company I work for will have therefore have the product manufactured by another company and then sold to the company I work for. The business I work for will have to pay fixed and variable costs. I will be using primary and secondary sources to research the costs involved in running my business for my business expenditure. I will have to plan the cost of e.g. electricity, gas and rent. Also I will be working out how much profit I will be making these entire things will help me make my word report. The finance department will be selling products to another business after buying it from the manufactures. I could sell my product at two different prices, I have researched my product and results show that high street shops are selling my product which is a Sony Playstion portable, for around £100.00 to £214.00. After analysing my product I have come to a decision to sell my product between this range. I will be analysing the break even point, I will be
WHY IS IT THAT SOME SMALL BUSINESSES FAIL?
WHY IS IT THAT SOME SMALL BUSINESSES FAIL? It is hard to measure the size of a business. According to The Department of Trade and Industry (DTI), an SME can be described as a business that employs between 0-49 people. However a company such as a Chemical Plant may employ less than 49 people but have a turnover of £20 million. So according to the number of employees, the DTI would class it as a small business. However, according to the level of turnover it could be classed as a large business. The size of the firm is generally measured by the amount employed1. The amount of SME's is forever increasing. There are many reasons for the increase, such as; improved technology, ability to sub-contract part of business and public sector being encouraged to become smaller. There is also Push and Pull factors that help people come to the decision to be self-employed. "Push factors" include people who are unemployed or made redundant decide to venture on their own. This may be simply starting their own window cleaning service. Another "push factor" is the "Pratt factor" this is when an employee finds himself working for someone else less talented and wonders 'why am I working for you?' so decides to start up on his own. The amount of SME's is forever increasing. There are many reasons for the increase, such as; improved technology, ability to sub-contract part of business and public
