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  • Word count: 12794
  • Level: GCSE
  • Subject: Business Studies
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Marketing Thorpe Park and London Dungeons.

Contents Page Index * Introduction. * Background of the Thorpe Park and London Dungeons. * Information on rides and ticket prices to Thorpe Park and London Dungeons. * Opening times. * Their facilities that they provide. * Information about what is in Thorpe Park and what is in London Dungeons and what it's about. * Information about their catering facilities. Introduction In this coursework that I am presenting, will be based on Thorpe Park I will be producing understandable and descriptive accounts of information on their products, services and pricing that Thorpe Park offers to their consumers. Background of Thorpe Park Thorpe Park is a theme park located in Surrey, United Kingdom. It was built in 1979 on the site of a gravel pit which was partially flooded with the intention of creating a water based theme for the park. The park's first large roller coaster, Colossus, was added in 2002. In 2007, Tussauds was bought out by Merlin Entertainments. In 2007, the park had 1.7 million visitors, making it the second most visited theme park in the United Kingdom after Alton Towers, and 13th most visited in Europe. Thorpe Park is situated on what was a quarry in Staines, up until the late 1970s. Former owners Ready Mix Concrete filled the site with water after the quarry's closure, with the intent to start a leisure park. On May 24, 1979, Thorpe Park was officially

  • Word count: 14632
  • Level: GCSE
  • Subject: Business Studies
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People and Organisations

People and Organisations What are some of the effect of stress for both individual concern and for organisations that individual is a part of? To what extend should manager feel responsible for trying to help reduce this stress? Throughout centuries work stress have continued to rise dramatically in organisations. Researches show that employees stress by their own job insecurities in the face of massive downsizing and restructuring of organisations in order to be competitive on the global stage. Most research studies indicate a high correlation between stress and illness for individual in organisations. According to authorities in the Great Britain, as much as 70% of patients that are treated by general practitioners are suffering from symptoms originating from stress. Everyone experiences stress, however, each person responds to stress very differently. Their respond is dependent on how each person react to stress emotionally, mentally, and physically. There are, however, common effects of stress from most people on the physical and mental body. Guyton (1987)1 argues that "The Menchanison by which mental events can effect the body's capacity to marshal on immune response, mental state play a crucial point is that stress itself has not been show to be detrimental" 1. His argument suggests that a crucial point is that stress itself has not been shown to be detrimental.

  • Word count: 1824
  • Level: GCSE
  • Subject: Business Studies
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Performance efficiency must be monitored constantly, and should be done via work studies. How can we best evaluate this activity in a most objective way?

Question 1) Performance efficiency must be monitored constantly, and should be done via work studies. How can we best evaluate this activity in a most objective way? Why it is so important to monitor constantly the performance efficiency? Because this efficiency can reduce costs, can increase the productivity in a hotel, can also satisfy more guests needs. That is why we have to monitor this efficiency and we have to try to increase it. But how can we actually do this? There are a lot of ways by which we can evaluate the performance efficiency - through work studies, through guests satisfaction, through our own perception through statistical analyses (percentage of labor/revenue). To evaluate the performance efficiency through guests satisfaction is may one of the best way! Why? Because guests have the inside look for the things that happen in the hotel. They will say if they like the performance in the hotel or not. They can say if the rooms are cleaned well or the chambermaids just pass through the rooms rushing for the next room! Or they can say if the service in the hotel restaurant is not too slow. The managers of the hotel can monitor the efficiency and by their own perceptions. It is not a very good way to measure the efficiency, because every manager has its own perceptions. But in some cases the managerial perceptions can be of much importance for the hotel's

  • Word count: 2782
  • Level: GCSE
  • Subject: Business Studies
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Preparation of a cash flow forecast

Preparation of a cash flow forecast Cash flow forecast Cash flow relates to the amount of money received and spent in a given period. Cash flow problems occur when the amount spent is greater than the amount received. You may have cash flow problems from time to time-especially just before pay day-when you are short of cash to buy or do what you want. Unless you want to get into debt you need to reduce your spending until you get more money. Businesses can also have cash flow problems. This may be because some people who owe them money have not paid their bills when they should. The business then does not have enough money in the bank to pay the bills it has received from its suppliers. Businesses use cash flow forecast to predict how much money they should have in the bank at any particular time, usually at the end of a month. This means listing and adding up all their expected cash inflows. Cash inflow Cash inflows are money received by the business for variety of reasons such as the capital, which means the money that the owner puts into the business at the start and sales. Cash outflow Cash outflow is the money that goes out such as purchases for example manufacturing businesses will buy raw materials, wages, rent etc In flows is the money the business expects to receive and pay into its bank account. It then needs to add up its cash out flows. This is the

  • Word count: 1762
  • Level: GCSE
  • Subject: Business Studies
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To what extent will does correlation and extrapolation assist Nintendo in forecasting sales?

To what extent will does correlation and extrapolation assist Nintendo in forecasting sales? (34 marks) Correlation is the relationship between two variables. Extrapolation is related to correlation, as it involves plotting a linear regression curve (also known as a line of best fit) which is based upon how two variables are correlated, and extending the line to predict future values. For Nintendo, a computer game and console manufacturing company, a common example would be the relationship between the level of advertising expenditure and the effect of this on sales of its products. The graph to the left shows a strong positive correlation between sales and advertising, meaning if Nintendo increases its advertising, they can expect to see an increase in sales. Because all values are close to the line, as advertising expenditure increases on the x-axis, sales on the y-axis increase proportionately. The regression line can be extended past the '80' figure (meaning £80million) to predict what sales will be like if they spend £100million or even £900million. The uses of such analysis to Nintendo are to an extent very valuable. By creating a scatter graph like the one above, Nintendo can spot trends and forecast future events. For example, they could estimate demand at a certain point in the coming year. One would expect demand to surge at Christmas time when people are

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  • Word count: 955
  • Level: GCSE
  • Subject: Business Studies
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Managing People and Organisations

325-101 Managing People and Organisations Assignment 1 Case Study: Fresh Produce Company Ltd. Content of Report: - Analysis - Solution - Plan of Action Due: 6th April, 2005 Travis Perdevski 104241 Peter Lau 108854 Mae Lehui Huang 241693 Janine Qi Jin 210864 Derek Cheong Hoi Mun 166670 Analysis Whilst Fresh Produce Company Ltd. has been enjoying relative success in the past, symptoms of reduced sales, reduced productivity, supplier complaints and increased costs suggest that the performance of Fresh Produce Company Ltd has declined over recent months. The decline in performance coincides with the appointment of Kevin as a team leader of the produce-shelving team six months ago. It appears the team morale has decreased significantly resulting in a decreased level of performance and even in loss of staff. This is vital as the "relationship between employee's personal satisfaction and the cost of doing business cannot be ignored (Robbins, Donna pg 17. 1993). The circumstances leading up to the current state of affairs indicate that there has been a total breakdown of team effectiveness. Team Building Theory proposes that effectiveness of work teams may increased by improving interpersonal processes, goal clarification and role clarification. (Johns G., Saks A., 2005, pg 257) The team effectiveness of

  • Word count: 2432
  • Level: GCSE
  • Subject: Business Studies
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Nature of Business

Business Studies Speech "In economics, a business (also called firm or enterprise) is a legally recognized organizational entity existing within an economically free country designed to provide goods and/or services to consumers". The fundamental aim of the business is for people to work together and achieve goals to enhance value to inputs and thus creating profits for the business and its entities. Good morning/afternoon class, teachers and or students. In today's speech I will be addressing "The importance of business and its relationship with stakeholders" I will be defining the term business, describing the nature of business and its role in society and I will also be explaining the responsibilities of business to internal and external stakeholders. Firstly Businesses can be broken up into two different sub groups - public sector and private sector. The public sector is organizations that are owned and controlled by the government. An example of these organizations is police, health, education and defense as well as businesses owned by the government such as State Rail, RTA, and Australia Post. The private sector is all organizations and businesses that are owned and controlled by private individuals or groups Secondly Stakeholders are the individual, groups or institutions who also have an interest in the way a business operates. There are two types of

  • Word count: 992
  • Level: GCSE
  • Subject: Business Studies
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The Causes and Consequences of Economic Growth - Why do some countries grow faster than others?

The Causes and Consequences of Economic Growth (a) Why do some countries grow faster than others? (20 Marks) In order to analyse why countries grow at different rates, we must be aware of the determinants of growth. Short run growth is determined by cyclical changes in both aggregate demand, AD, and short run aggregate supply, SRAS. The makeup of AD is of the factors: consumption, investment, fiscal changes, and overseas trade. These can therefore be changed by fiscal and monetary policy changes. The changes in AD therefore result from the governing economic policy makers of that specific economy, and so will not have a huge overall effect on the differing rates of growth. SRAS is altered by fluctuations in raw material cost, labour costs, and government intervention using taxes and subsidies. These however are likely to affect most economies, albeit that some countries are more industrial than others are and so will be more affected by fluctuations in raw material costs. SRAS is therefore unlikely to be a major cause of the differing growth rates. We must therefore look to the long run aggregate supply, LRAS as the major factor affecting growth rates. As highlighted The Causes of Economic Growth1, economic growth is determined by changes in land, labour, capital and innovation. These of course will vary from country to country. One of the biggest causes of global divide

  • Word count: 1893
  • Level: GCSE
  • Subject: Business Studies
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Would the opening of a fast food restaurant on Riddy lane (Luton) represent a sound business proposition?

Would the opening of a fast food restaurant on Riddy lane (Luton) represent a sound business proposition? Contents- Terms for reference.........................................................................pg. -Introduction....................................................................................pg.3 -Aims and objectives........................................................................pg.3 Methodology.................................................................................pg.5 Market Research Methods..........................................................pg.5 Questionnaire Design...............................................................pg.5 Sampling...............................................................................pg.6 -Findings.............................................................................pg.7 Questionnaire..................................................................... pg.7 . Competition......................................................................pg.14 2. Fast food Market................................................................pg.16 3. Location...........................................................................pg.18 4. Target Market....................................................................pg.20 5.

  • Word count: 13502
  • Level: GCSE
  • Subject: Business Studies
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