P1 describe the recruitment documentation used in a selected organisation
P2 describe the main employability, personal and communication skills required when applying for a specific job role
P3 describe the main physical and technological resources required in the operation of a selected organisa...
Budget Cost
The budget cost is a financial plan for the organisation that is set up for the financial benefit
of the organisation, the budget is a financial benefit that will plan all the expenditure that
the organisation could have, and the profits that they could have, the budget would be set
up by having the data of some years and that will make some accurate budgets.
(smallbusiness.chron.com, 2019)
Debenhams
Debenhams reviews the three years
strategic plan each year and this is seen by
the directors, once they get approved by
the directors, they set up a detailed budget
and a strategic priorities and this will help
the organisation to have an estimate about
the costs and the profits that they are going
to have. This will help the organisation to
have a better performance of the
organisation. (ir.debenhams.com, 2017)
Debenhams has announced that they are
going to close 50 shops, and this is because of their future being failed, because Debenhams
is getting profit warnings year by year and they are because of the budget of cost getting
wrong every single year. (www.theguardian.com, 2018)
‘’Debenhams success in renegotiating its rates bill will leave an £8.5 million revenue hole in
local authority budgets, including £265,035 lost to three Scottish councils.’’ This shows us
that they do follow the budget and they know what they are expecting to get as a revenue
and this means that they know what they expecting and they will know what they can spend
the money on. (dailybusinessgroup.co.uk, 2019)
This show us that Debenhams has some clear budgeting and they know what they are
exactly expecting for the revenues and they know clearly where they are going to spend the
money that they are going to receive it, this means that they would know how much profit
they are going to have left after spending and taxes.
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