Premium Essay

P3 Business Level 3

In: Business and Management

Submitted By afg4life129
Words 1554
Pages 7
| Apple | BHF | history | Apple all started in 1976 because of 3 friends Steve Jobs, Steve Wozniak and Ron Wayne. Wayne left the company a few months into the company's existence. Wozniak made the company's first product, the Apple I computer, which had been rejected by his previous employer, Hewlett Packard. The Apple II was introduced in 1978.

Apple all started in 1976 because of 3 friends Steve Jobs, Steve Wozniak and Ron Wayne. Wayne left the company a few months into the company's existence. Wozniak made the company's first product, the Apple I computer, which had been rejected by his previous employer, Hewlett Packard. The Apple II was introduced in 1978.

| The British Heart foundation was founded in 1961 by a group of medical professionals, who were concerned about the increasing death rate from cardiovascular disease. They wanted to fund extra research into the causes, diagnosis, treatment and prevention of heart and circulatory disease
The British Heart foundation was founded in 1961 by a group of medical professionals, who were concerned about the increasing death rate from cardiovascular disease. They wanted to fund extra research into the causes, diagnosis, treatment and prevention of heart and circulatory disease | Purpose | The purpose of apple is to make profit of selling their products to their customers so that they have enough money to improve their products. Therefore without customers the business would be failing to carry on.
The purpose of apple is to make profit of selling their products to their customers so that they have enough money to improve their products. Therefore without customers the business would be failing to carry on. | The purpose of BHF is to make enough money from products that other people have sold to them so they can send that money to a charity and from this the money that is sent to the charity is…...

Similar Documents

Premium Essay

Business Btec Level 3

...department. In the purpose of accounting, there are many reasons why accounting is necessary to a business. Recording Transactions - Appropriate records are vital: if reports or documents are lost the Next store may forget to demand payment for some jobs that have been done or forget to pay bills that become due. It must be avoided at all costs because not paying your debts promptly or quickly is technically an act of bankruptcy or ruin. Monitoring activity and controlling the business - The recording of day to day accounts activities allows the Next managers of the organisation to keep track of orders, the sales and bills that means they must have a good idea of how business is doing well. The management of the business - Accounting records also helps the management of business and assist the board to make better decisions in dealing with investment. It is important to prepare accounting statements for Next managers to monitor the progress of the company and to endure day to day activities runs smoothly and proceed over activities. Measuring the financial performance of the business - Profit is the aim of the Next Store business and enjoyable accounting records will enable managers to assess accurately the levels of profit that are being achieved. Account records will also give clues about strategies that will be able to improve the profitability of the business. The accounting documents that they will consider and reveal a number of key figures: * Gross......

Words: 366 - Pages: 2

Premium Essay

Business Level 3

...Unit 3: Introduction to Marketing M1 Amendment Compare the effectiveness of the use of the marketing mix by both McDonalds and Prêt A Manger, including: a) How they meet the expectations of the target customer The expectations of McDonald’s customers are to receive a fast, efficient service for an ‘on the go’ lifestyle. They want a clear menu with many meal deals already to go for a quicker exchange at the till. They expect the food to be cheap in price and also filling to satisfy their hunger. Prêt’s customer’s expectations are quite different as they expect to receive a welcoming environment where each customer is valued; this means that Prêt wants to keep them coming back unlike McDonalds which is a ‘grab and go’ restaurant. The staff are trained to a high standard and enjoy their job so that the happy energy is transferred to customers when they come in. The customers of Prêt also expect fresh food made from scratch every day with no preservatives or additives added which is one of Prêt’s main policies. Going back to the expectation of Pret being a welcoming place, the design of all the stores comes into play and they try and make it as casual and relaxing as possible with sofas, lighting and appropriate posters. b) How the elements of the marketing mix are integrated and how they relate to each other. McDonalds uses the marketing mix in their operations a lot. They start with designing a Product, for example the Big Mac. For this product to sell......

Words: 2014 - Pages: 9

Free Essay

Business Level 3 Unit 19 P1 and P3

...Unit 19 Developing Teams in Business Assignment 1: P1 & P3 Different types of teams What is a Team? A team is individuals whom are moulded into a group who work together to achieve an objective or task. Team Recruitment Recruiting the right team members is the key to the success of your team. When the leaders of any group recruit new members, there are a number of skills, qualities needed as well as a process that each member has to go through in order for them to be an successful addition to the team. This process is called job analysis from where a person specification is drawn up and following all the qualifications and qualities that a new team member would be expected to have. The process of recruitment for a successful new team member’s selection. Recruitment> selection> -training •coaching •mentoring •motivation the first steps to a successful recruitment > recruiting and selecting people who will be good team players > training them, providing mentoring and coaching to help them to perform better in the teams > creating your high-performance team. R (Reference: Business BTEC national book1 level 3, page 363) Benefits of a team * Working in a team as part of a company is good as every individual has their own contribution to the team they all share their ideas to help better the company * Team work empowers creativity within the members * Each individual grows as they have other team members to support them There are......

Words: 622 - Pages: 3

Premium Essay

P3 Unit 3 Btec Business Level 3

...P3 Market research Market research is the action or business of promoting and selling products or services, including market research and advertising. The information is about markets, products or services that a business sells to get new customers and make sure that the customers are happy. They aim to fulfil the aim of making as much money as they can and expanding the business. There are two types of market research: Primary: This is information that the person has gathered by themselves. It can be collected through questionnaires, customer interviews, focus groups, observations and experiments. Secondary: This is information that has been gathered already but not by the individual themselves. There are 2 types of research: Internal- This information is usually from within a business. For example this can be retails data, stock analysis and accounts. Primary Research: Tesco: Questionnaires: Tesco are an international organisation. They use questionnaires by sending them through the post, telephone, text, internet and face to face. By using it through the post it is cheap so they just need to pay for the postage. They can send these to residents in the company without spending a lot of money. Regularly sending these can mean regular feedback but a problem is that people can just disregard what they have received in the post. By getting feedback from them they can also find out what types of things the local residents what to be receiving information about......

Words: 504 - Pages: 3

Premium Essay

Level 3 Unit 1 P3

...Introduction In P3 I am going to be talking about the structure and organisation of two businesses. The businesses I’m going to be talking about are Morrison and Make a Wish. First I will be talking about the functional areas of the two businesses. Then what factors influence the developments of internal structures. I will also talk the span of control and interdependencies between the functional areas. Functional Area Functional area is when a employees who share similar skills and knowledge in a certain are put together to form groups, for example the sales and marketing, human resources, finance and accounting, etc. All the people working for each of those departments would be specially suited for that role. Morrisons Functional Areas Human Resources The Human Resources department works with other departments across the functional area of Morrisons. However their main task is staff whether it’s recruiting them or sacking them. Once they employ staff, they need to provide them with the right training so they know what they’re doing. The HR department also plays a big role when it comes to employee health and safety and wages; any health and safety issues have to be followed by all staff or they’ll have to face the consequences. An example of when the HR department has to step in is when employees are not satisfied with their wages; they would need to speak with the HR department about an outcome which would satisfy both parties. Finance The financial department......

Words: 952 - Pages: 4

Premium Essay

Acca P3 – Professional Level Business Analysis

...ACCA P3 – PROFESSIONAL LEVEL Business Analysis SMART Notes Prepared by Darren Sparkes Email: darrensparkesnotes@sky.com ACCA P3 - Business analysis These notes are not intended to cover the whole of the ACCA P3 syllabus ©Darren Sparkes, 2010 1 Contents Page no. Paper 3 Examiners Approach…………….….... 3 Extracts from the Examiners report ……….…...4 Examination Technique……………….…..……..7 Background and examination format..…............9 Syllabus Overview………………………...........10 Strategic Planning………………………...….....11 Mission and Objectives…………………………12 Business & Professional Ethics..………….…...13 Internal Analysis……………….……………..…14 External Analysis……………..………………....15 Strategic Options……………………….……….17 Method of Growth………………………............18 Portfolio Analysis…………………………….….19 Strategic Choice & Change Management…....20 Marketing………………………………………...21 Organisational Structure…………………….….22 International Market Place.…………….……....23 Business Process Change…….…..…………..24 Information Technology……..…….……..........25 Quality………………………………….……......26 Project Management………………………...…27 Role of Finance………………………………...28 Review and Control………………………..…..29 Strategy and People……………………………30 ACCA P3 – Business Analysis These notes are not intended to cover the whole of the ACCA P3 syllabus © Darren Sparkes, 2010 2 Approach Required ‘Differentiation is important to individuals seeking to pass a management and strategy examination. It is the ability to link strategic and......

Words: 5838 - Pages: 24

Free Essay

Btec Business Level 3

...2.How will government policies affect Morgan Sindall? You should explore the UK coalition government’s current policies that could affect Morgan Sindall. You should outline your views and opinions on the policies which you believe has a greater effect on the business 3.You must explain the “multiplier effect” of government spending for this business by exploring the local, national and international implications. What is the potential outcome at a local, national and international level when there are changes in government spending? Explore the effect of government policies on demand for Morgan Sindall’s business and the impact on its revenue, profits and employment. I have been asked to create a report in order to explain and analyse how government policies affect and impact Morgan Sindall. Therefore I had to do some research to find the new policies due to the coalition between the conservative and the liberal parties. For the first time since the Second World War, the liberal and the conservative party have made an agreement. This newly coalition between both parties has the aim of forming a full coalition comprising MPs (members of parliament) from the Conservative Party and the Liberal Democracy. The fact that a coalition takes place in United Kingdom's government, we find a series of disagreements and compromises in different topics and fields such as; Spending review, deficit reduction, tax measures, banking reform, immigration... Because Morgan and Sindall is......

Words: 583 - Pages: 3

Premium Essay

Business Level 3

...tobacco, alcohol, fruits, vegetables, electrical goods, clothes, organic food. In Newport there are stores based at Spotty and Masalas. The type of ownership that my company has is public limited company. This means it is a large company with many employees. It has shares on the stock exchange and anyone over 18 can invest in a share. This will make anyone who has bought the share a part owner of the joint stock company. As Tesco is a joint stock company the shareholders want a good return on their capital and to receive a dividend each year. If the company went bankrupt then the owners would have to pay off all of their debts, this would even mean selling their houses and cars. The main objective of a business is to make a profit. http://www.markedbyteachers.com/as-and-a-level/business-studies/introduction- (Assessed-03.10.2014) Types of contract in Tesco * Tesco Indefinite contracts require some flexibility to be built into them to enable the employer to change the terms to meet changing conditions. * The term "temporary contract" can be used to describe a contract that is not expected to be indefinite. However, the usual employment rights apply. * A fixed-term contract is one that ends on a specified date or on the occurrence of a particular event. * The employment of part-time workers is regulated by the Part-time Workers (Prevention of Less Favourable Treatment) Regulations 2000 (SI 2000/1551). Job-sharing, annualised hours or term-time only......

Words: 6306 - Pages: 26

Free Essay

Btec Level 3 Business

...Maisy Marsh Assignment Three Corporate communications is how a business keeps their message, with everybody. It isn't just how the company speaks to the marketplace, which is known as branding, or how the company deals with the media, which is called public relations. Corporate communications involves, the market, media, communities and the staff itself, through training sessions and messaging that always reinforces the mission and vision of the company. The worker in the department of corporate communication will often report directly to a company’s chief executive and serve as advisers in managing the company’s reputation. They help leaders prepare for media interviews, develop messages to deliver to investors and employees and suggest new initiatives to keep the company on cutting edge with the communication to their stakeholders. MEDIA RELATIONS This may be the function for which corporate communication managers will be best known for. Media relations work includes many things such as writing and distributing new releases and responding to media inquiries. Corporate communications will be in charge of various news conferences, which may include selecting the site for an event, or preparing packets of information to distribute to the media and prepare executives to speak at these news conferences. Media relations also involves arranging for spokespersons to appear on local television and radio programs. Corporate communicators monitor newspapers,......

Words: 3827 - Pages: 16

Premium Essay

Betc Business Level 3

... every so often to give a good impression to the customers. ASDA has CCTV to protect their property, and people in their stores, and also in most ASDAS they would have a security guard to stop robbery’s and to make the customers feel safe. Physical Resources – Materials & Waste ASDA would use material to package there products within the business, there also use fuel when they do home delivery’s from there warehouses, also they recycle there energy food charity or they turn it into bio fuel for there trucks, and use it for pet food. They also fill their trucks with their waste and deliver it to the depots as its good for the environment as they recycle and save money on fuel and road mileage. Physical Resources - Plant & Machinery Asda plant and machinery are there fridges, freezers, and ovens; They used there fridge to keep foods chilled before purchase or just for storage. Asda would use the ovens to keep hot foods hot like cooked chicken etc. for purchasing by customers Asda would use freezers to keep food frozen like ice cubes, ice cream etc. Physical Resources – Equipment Equipment is important for a business to operate smoothly, for example till and self scan scanners. Equipment is critical for profit and not-for-profit organisation, lack of equipment means that the job or service cannot perform to there full potential meaning they would loose out on profit Physical Resources - Maintenance and Refurbishment It is essential to ASDA that they keep......

Words: 981 - Pages: 4

Premium Essay

Business Btec Level 3

...Two Business on our doorstep – Continued P3 and P4 I will carry on looking at the 2 businesses; Asda and RSPCA. I will be describing the business organisation, an explanation of the style of the organisation within the business and how it helps them to fulfil their purpose. An organisational structure enables a business to meet their purposes, it divides up the work and establishes lines of control and community. Dividing up work allows a clear understanding of who is doing what. The organisational structure is often a chain of command or line of control and sets out important aspects of how communication takes place. The organisational structure controls organisational activities to avoid conflict and individuals making decisions. The structure depends on the organisations objectives, purpose and strategy. The top layer of the structure usually has the most power and control of the businesses decisions.[1] There are several different organisational structures, these include flat, hierarchical and matrix. They all are in place to make sure that the business is set out in a clear way and is easier to see who is above who. The difference between hierarchical and flat structure is that there may only be two or three levels in a flat structure because they are designed for small businesses like a local hairdressers. [2]The matrix structure is where the employees have dual reporting relationships, generally to both a functional manager and a product manager. It is not set......

Words: 2790 - Pages: 12

Premium Essay

Business Level 3

...productivity. * To ensure all staff use safe methods of work and are fully versed with COSHH, and carry out their objectives to the standards required. * To carry out quality audits in all areas of the department and report directly to the home manager * To ensure spillages are dealt with swiftly and efficiently. * To ensure the laundry room is always staffed and works to the efficient and productive quality standard at all times. * To create a courteous, friendly, professional work environment. P3 Describe the main physical and tehnolocical resources required inthe operation of selected organization Physical and Technological resources need to be managed well in Coca Cola or any other organisation. Physical resources include for example; the buildings, maintenance and the safety of the premises. Technological resources include the machinery, physical equipment, graphs, designs and drawings.  Physical; Physical resources are needed in the Coca Cola business setting to assure the organisation has specific places/ buildings to work efficiently. These resources need to be maintained so that Coca Cola can perform well in each of their activities and roles, this also includes assuring safety in the work setting and making sure all the machinery and plant (where manufacturing takes place; labelling, bottling, filling machines etc) work well and are in good condition.  Coca Cola has resources such as different buildings and facilities for eg;  * They......

Words: 10202 - Pages: 41

Premium Essay

Level 3 Business

...Unit 1: Business Environment | Assignment 3: The Impact of Business Environment on Organisations | For the attention of: Tracey baker | In this report I will talk how two businesses operate and function in two different economies. The report will also include a detailed outline on how political, legal, social factors affect both businesses in two economies. The two organisations may face challenges in the future and how political, legal and social factors may impact an organisation. P5 Tesco (UK) What is an economy? An economy is made of millions and millions of people making decisions, trading goods and services. The economy applies to everyone from individuals entities such as corporations and governments. The economy of a particular region or country is governed by its culture, law, history, and geography among other factors. There are three types of economies market economy, command economy and mixed economy. The economy is very influential on how good Tesco do in a financial year; so if there is a good economic environment the confident customers will be more willing to spend money than customers with low confidence, which means that Tesco is more likely to benefit if the customer confidence is high. Stages of high customer confidence can confidence can present opportunities for Tesco to expand or bring new products to the market. Low confidence of customer’s means that Tesco have to cut cost to maintain profits. The UK economy is currently in the...

Words: 6749 - Pages: 27

Premium Essay

Unit 3 P3 Business Studies

...Unit 3- P3 Different types of research Primary Primary research is new research, carried out to answer specific issues or questions. It can involve questionnaires, surveys or interviews with individuals or small groups. Secondary Secondary research (Also known as desk research) involves gathering existing data that has already been produced. For example, researching the internet, newspapers and company reports. Qualitative Qualitative research is about finding out not just what people think but why they think it. It’s about getting people to talk about their opinions so you can understand their motivations and feelings. Quantitative Quantitative research is about asking people for their opinions in a structured way so that you can produce hard facts and statistics to guide you. To get reliable statistical results, it’s important to survey people in fairly large numbers and to make sure they are a representative sample of your target market. Waitrose SWOT analysis (Sourced from: http://www.mbaskool.com/brandguide/lifestyle-and-retail/13211-waitrose.html) The picture above shows the SWOT analysis of Waitrose. It shows all the strengths the company has the weaknesses, opportunities and threats. It lists a number of strengths which will have been taken from primary data; the primary data would have also shown any weaknesses and the opportunities they can get. Also they would have seen threats when looking at reports (reports are a form of secondary data). Also......

Words: 267 - Pages: 2

Free Essay

Business Level 3

...(P4) Explain how both fiscal and monetary policy decisions have affected a selected business In this part of my assignment I will be explaining the use of fiscal and monetary policy and how these policies affect global/international organisation. The organisation I have chosen to refer to in this part of my assignment is Microsoft. Microsoft is an American multinational software corporation headquartered in, Washington that develops, manufactures, licenses, and supports a wide range of products and services related to computing including Laptops, computers, Xbox 360 and Xbox one. The company was famously founded by Bill Gates in 1975. Microsoft is the world's largest software maker measured by revenues and so far has made $77 billion up to now in 2013 alone. Fiscal policy Fiscal policy is the use of government expenditure and taxation to try to influence the level of economic activity. The varied use of raised and lowered fiscal policies can have a number of effects on customers, public sector organisations such as the NHS and Police and private limited organisations such as Tesco and Microsoft. Below I will describe how different fiscal policies will directly affect Microsoft and its customers. Cuts in income tax If the government fiscal committee decide to cut income tax then this has a direct effect on organisations because it means Microsoft will gain more disposable income and capital spending as some of their revenue income which would go to government is......

Words: 333 - Pages: 2

Zipi y Zape y la Isla del Capitán (2016) | Hunter X Hunter 252 | Sahajak Boonthanakit