Discuss the characteristics of good information

Transfer-Encoding: chunked Discuss the characteristics of good information Good Information Valid – valid data should be unbiased, representative and verifiable. Reliable - Good information should be reliable. Reliable information is accurate and can be used for what it is needed for. Reliable information is information that you can trust, for instance, gaining data from the government. Timely - Information should also be timely. Timely information is information that is in the correct time period. It’s important for information to be in the current time period; because if the business want to access certain documents, documents that are not relevant to that time will not be useful to the business and they won’t be able to do what they wanted to do. Fit for purpose - Good information also need to be fit for purpose; this means that the information is relevant to what it’s needed for. For example, if you wanted to open up a new business in Florida; it would be advisable to find information about the area and the population. Whereas finding information about London wouldn’t be fit for purpose. Accessible - Information also needs to be accessible. Accessible information is information that is stored in a way that it can be easily accessed whenever it is needed. For example, if a manager wants to see the sales figures he could be able to print them from a

  • Word count: 677
  • Level: GCSE
  • Subject: Business Studies
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Describe the main physical and technological resources required in the operation of Tescos.

Transfer-Encoding: chunked Tesco need many physical resources in order to run their company successfully.1) Physical resources are the resources such as buildings and machinery which are required for the day to day operations of a company. The first physical resource Tesco need, is a building. Tesco need a building so that they can operate their company and have a place to sell their products. Tesco have many types of buildings. They have Tesco Extra which is a big building, and then have Tesco Express which a smaller, more convenient building. In addition, to their store buildings, Tesco will have a building for their headquarters where the managers make important decisions. And lastly, they will need to have buildings where their products can be made. This may be a large building such as a factory which can hold lots of machinery so that products can be made efficiently. Furthermore, they need to have good locations for these buildings. The buildings must be in an accessible location so that people will easily be able to access their stores. A good location would be in a town where there is good transport and will attract customers to shop there. In addition, they need to have location where they can have their store, a large car park and perhaps a petrol station which some Tesco stores have; because of this Tesco need a location which has large premises for them to

  • Word count: 1079
  • Level: GCSE
  • Subject: Business Studies
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Ethics + External Environment 10 Mark Question

Transfer-Encoding: chunked External Environment 10 Mark Question (January 2011) Given Context Leo Springer has been designing and making office furniture ever since he left college 10 year ago. He started by making desks for people to have in their office/ study at home. Interest grew in his business and he was regularly called into other businesses to design the layout o their offices and then make the furniture. He currently sells the furniture abroad, as well as in the UK. He has always run the business as a sole trader and it operates under the name Springer Office Furniture (SOF). Leo now employs staff to make the furniture and to manage the various functional areas within the business. Actual Question Changes in the external environment can impact on the activities of a business. These include: * The level of consumer spending * New competitors entering the market. Evaluate whether the changes in the level of consumer spending or the entry of new competitors into the market will have the greater impact on SOF. Model Answer Introduction Changes in the external environment could have a big impact on SOF. They currently make and sell office furniture to the public and to businesses Paragraph 1 (analysis of level of consumer spending) If either group has more or less money available there will be a change in the amount of furniture ordered. If the level of

  • Word count: 615
  • Level: GCSE
  • Subject: Business Studies
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How the Equality Act, Employment Act and Health and Safety at Work Act affect Primark.

Transfer-Encoding: chunked Equality Act 2010 The equality act 2010 sets out the requirements for keeping people safe in the working environment. This includes keeping an accident book and recording all visitors entering the business. This act protects people from discrimination over their race , gender , age , sexual orientation , civil partnership and if they are pregnant . Designing the job advert and deciding where to advertise the vacancy . In the job advert Primark cannot advertise that they require a male sales assistant as they would be strong enough to carry boxes of clothing from the stock room .In the job advert they cannot advertise asking for a female because they may know more about fashion. In the job advert Primark cannot state they would like an employee from the ages of 18 to 30 because Primark need the shelves to be stacked and the stock to be moved at a fast rate . In the job advert Primark cannot state different rates of pay for different genders on the job advert . Primark would receive fines and get a bad reputation as they would have broken the equality act 2010 , which would lead to Primark being unable to attract quality staff . If Primark was unable to attract staff , the clothes would not be replenished and there would be no stock for the customers to buy . To avoid facing these implications HR should ensure that the job advert

  • Word count: 2878
  • Level: GCSE
  • Subject: Business Studies
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Business Plan

BUSINESS PLAN The business is a version of a mobile library except we don't drive a truck around with books. We deliver to customers who have to call us to place their order or they could place their order online. Our delivery charges would be free so customers would only pay for what they have ordered. The website will be very easy to use especially for those who aren't experts at using the computer. The name of the business will be Rani's book rental services. The main business activities will include rental and delivery of books and all audio types. The main objectives of the first 12 months will be establishing a solid customer ground, accessing customers who live in the innermost parts of Shenfield and have no access to the Shenfield library because of the distance. The aim is to set up grounds and acquire enough customers and also providing books of all genres. I came up with the idea because most people living in Shenfield get home late from work and by that time the library's closed so it isn't available for them to use. Also most people leave quite far from the library and don't have access to the library. Key staff Rani O, 16, general manager, in charge of sales and production. Tina E, 17, in charge of delivery. Nine E, 16, in charge of finances and stocktaking. Lucy A, 22, in charge of legal affairs. Ak O, 16, in charge of advertising and publications. All

  • Word count: 1658
  • Level: GCSE
  • Subject: Business Studies
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Developing customer relations

Developing customer relations Internal customers Internal customers are the staff or employees that is needed to operate the business such as managers, supervisors etc. Internal customers are depended on each other to do their work. E.g. to complete the task of a supervisor the work team under him/her must be able to do their work or if an employee cannot provide the correct information, then it should be referred to a colleague. Some examples of internal customers are: Supervisor An employee who has the power to give instructions and/or orders to his/her subordinates and would be responsible for the work his/her subordinates do is a supervisor. A supervisor would need to know what exactly his/her subordinates do and the instruction and orders given to them. He/she would expect his subordinates to follow his instructions or orders and respect him/her. The supervisor would expect to get a good salary. He/she will be expected to motivate the employees. Manager A manager is one who handles and controls or directs the management of an organisation. A manger would operate on a higher level than a supervisor. A manager would need to know about the business he is working in and organize and set the rules of business accordingly. A manager would expect his subordinates to do their job and also obey the instructions and orders given by him. He/she would also expect respect

  • Word count: 347
  • Level: GCSE
  • Subject: Business Studies
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Ict in a business

HISTORY AND AIMS John Cadbury, a Quaker opened a one man business in 1824 in bull street, Birmingham. He opened his shop next to his father's drapery and silk business. In the grocery shop at the start he sold tea, coffee, hops and mustard. To attract the people's attention he employed a Chinese man who dressed in religious clothing and sold his products in the shop. Cadbury limited is the confectionary division of Schweppes plc. This shop would become the foundations of Cadburys, a world wide chocolate producer. Around 1931 his business had developed from a small grocery shop with john Cadbury becoming a manufacturer of drinking chocolate and cocoa and that was then the start of Cadburys manufacturing business as it's known as today. On 1st march 1824 john Cadbury posted an advert in the Birmingham gazette, which said; "John Cadbury is desirous of introducing to particular notice `cocoa nibs`, prepared by himself, an article affording a most nutritious beverage for breakfast." The Cadbury brothers in 1961 took over their fathers business they did work in the business previously but the prospects were still daunting. Cadburys main aims are: * Make a profit Cadburys is a PLC; this means it is owned by share holders. The more profit that Cadburys makes the more money that is given to the shareholders happy * To Reduce waste and help the environment Cadburys want

  • Word count: 3705
  • Level: GCSE
  • Subject: Business Studies
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Aims and objectives

Aims and Objectives An aim is a goal or target that you want to meet, that is relevant to your business. An objective is broken down steps to achieve the aim. You can set a variety of aims for your business if it is to sell an amount of products that they want to do. Objectives can be shared around the business so that everything can be put up to scratch. Objectives are usually measurable things such as 'to increase their profit by 60% over the next year'. If objectives are met then this means that your goals are met as well, and by doing this it would allow a business to also meet its aims. Profit Profit is an aim of a business because it is something that keeps every business moving and then can be able to build other branches around locally, nationally or internationally. Profit is motivation for all types of business in areas to make a difference. Environmental issues Environmental issues are things about the business that are good for the business. It can be for some business that all stores have a renewable power source like, wind turbines solar panel's etc. It may also depend on how the company pack there stuff maybe they charge for you to take out a plastic bag. Community Some company's will care about the community because it may be to bring up the social behaviour of kids in the area, or it is to bring up the sort or lively hood to the area. Some

  • Word count: 593
  • Level: GCSE
  • Subject: Business Studies
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aims and objectives

Aims and objectives Aims: The difference between aims and objectives Aims: these are the long term intentions that provide a focus for that business or a person to set objectives aims are usually shown as a mission statement and these are the aims that, the business aims to achieve whilst functioning as a business. Aims are set to provide a focus for the organisation. Objectives: Objectives are more specific than the objectives. They are targets set to help the business/person to achieve their aims. Objectives for a business are the steps that the business takes to achieve the overall aim. Difference: Aims are the changes you hope to achieve as a result of your work. Objectives are the activities you undertake and the services you offer to bring these changes about. The difference between the two is that an aim is what you hope to achieve where as an objective is what you will deliver. All businesses need to set objectives for themselves or for the products or services they are launching Smart is a useful acronym for setting objectives which should be- Specific- An objective needs to be specific. It needs to identify exactly where change is to occur, how much change is to occur, what the outcome is, when change is to start and when it is supposed to finish. It cannot be unclear. Measurable-you know when you've got there or you have done it. Achievable- it is

  • Word count: 1168
  • Level: GCSE
  • Subject: Business Studies
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business aims and objectives

eWave Computers Aims and Objectives In order for a business to survive, the company must have aim and objectives. These aims and objectives should be in the company's business plan. Aims and objectives will facilitate them in making money. A business needs aims and objectives in the business plan because the company is loaning out money. The person who will be loaning the money will want to know if he or she will get the money back. An aim is a list of thing that a business desires to accomplish, weather it making a profit or being providing a good service. It is vital for a business to have aims because they want to know what they will achieve with the business. Referring back to the business which I have set up in class. The business has aims and objectives. We named our business Cantore the business we setup was a canteen. Some of the aims which are in the business plan are as followed: * To make a profit. * To keep our customers satisfied. * Make sure our company can survive. * Maximising the sales. We believed that the aims we setup were suitable for our business. This is because we knew that our business will be a small start up firm and we didn't aim for anything that was out of our reach. The objectives are the targets which a business set itself to check that it is going to achieve the aims. In other words an objective is the things that will help a

  • Word count: 7139
  • Level: GCSE
  • Subject: Business Studies
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