Unit 1: Enterprise in the business world. Distinction standard work. Includes appropriate images, and is extremely well formatted and put together. Using the information from this assignment will ensure you get a great mark. This document includes P1,P2,M1,M2,D1.
btec level 2 business, unit 7 providing business support p2 m1 d1
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Business 2010 QCF,Business 2016 NQF
Unit 1 enterprise in the business world
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Trends affecting business
Unit 1
[TYPE THE COMPANY NAME]
[Pick the date]
Authored by:
, Trends affecting business
Unit 1
Trends- A general course in which something is making or advancing.
Type of trends: Social trends, Technology trends, Environmental trends,
Ethical trends.
The business would need to think about products that customers need and
the age of the customer they need to offer products to. Individuals are living
longer and individuals are resigning early, which implies they will have more
opportunity for leisure activities and more opportunity to look for deals,
however might not have a considerable measure of cash to spend.
Individuals who work extended periods have no opportunity to extra so they
might need to purchase every one of their items in one place, for example, a
grocery store, so small businesses should offer goods that are distinctive to
those sold in a general store. Individuals are presently more mindful about
Tren
natural issues and will search for goods, for example, vitality sparing lights, ds
which last more and don't use as much power. Clients may likewise search affec
for things that are less expensive since there is no additional bundling, for ting
example, transparent wrapping as opposed to boxes. busi
ness
Environmental Trends
Social Trends
Social Media -Sites and applications that empower clients to make and share
content or to participate in social networking.
Social media produces a tremendous measure of information about your
clients progressively. Reliably there are more than 600 million Tweets, 4.6
billion Likes on Facebook, and 95 million photos and recordings exchanged to
Instagram consistently. Behind these stunning numbers is a wealth of
information about your customers: their character, what they like, and how
they feel about your image. Through systematically dynamic engagement
and social tuning in, you can gather noteworthy customer data and use that
information to settle on more clever business decisions. With Hootsuite
Insights, for example, you can amass information over all your casual
associations logically, allowing you to gage customer sentiment, find the
talks happening around your picture, and run progressing reports. When you
have a nearness via social media, you make it less requesting for your
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