Essay
btec ongod
- Course
- Btec (BTEC)
- Institution
- Fleming College ( )
Essay of 16 pages for the course btec at (errsjsjytdj)
[Show more]
Seller
Follow
Content preview
A.P1 Explain the features of two contrasting businessesLimited and unlimited liability:
There are two types of businesses, unlimited liability and limited liability. Limited liability is
Where liability is limited, this means there is a limit placed upon the amount
that can be claimed, and unlimited liability means all owners are responsible for any shortfall
of money if the business has insufficient funds. This could mean all savings and possessions
including car, house, etc at risk.
(The book page 6)
Definition of terms:
Ownership: Business ownership refers to the control over an enterprise, providing the power to
dictate the operations and functions, public or private sector and is it a sole trader, partnership,
LTD or PLC.
(Upcounsel.com 2021)
Purpose: A business purpose describes the reason, or purpose, that a company was initially
founded.
(Indeed.com 2021)
Sector: Businesses operate in different sectors according to the nature of their business and the
product or service they provide. The sectors are primary, secondary, tertiary and quaternary.
(The book page 9)
Scope: The scope of a business means the range covered by that business, local, national or
international.
(The book page 9)
Size: It refers to the size of the company, micro, small, medium or large.
What is ONCF
ONCF is Morocco's national railway operator, it is a state-owned business that belongs to
the Ministry of Equipment, Transport, and Logistics and is in charge of all passenger and
freight traffic on the national railway network. The business is also in charge of constructing
and maintaining the train infrastructure.
(Wikipedia 2021)
What is Espace Hassan
Espace Hassan is a medium fast food, it is owned by two brothers, they serve over 200
customers each day and they are well known for their quality of food and the prices.
Aims and objectives of ONCF, Espace Hassan:
,ONCF’s aim is to ensure the rail transport of passengers and goods in the best conditions of
safety, safety, comfort, regularity, and sustainable development, (ONCF 2021).
ONCF’s mission is to exploit all the businesses related to railway services locally and
nationally, build and maintain the train lines in the network and exploit the rail infrastructure,
(Wikipedia 2021).
Espace Hassan’s aims are to serve warm, fast-served food at such an affordable price and
to accommodate a larger number of busy commuters.
Espace Hassan’s missions are managing customer relations, knowing the target market and
providing a satisfying customer experience
ownership Organisational purpose sector scope size
sector
ONCF Public LTD Non-profit Secondary national Large
sector and tertiary (7845
employe
es)
Espace Private LTD profit tertiary local Medium
Hassan sector (50
employe
es)
A.P2 Explain how two contracting businesses are influenced by stakeholders
Stakeholders meaning:
People or groups of people who can be affected by, and therefore have an interest in any action
by an organisation. There are two types of stakeholders, internal and external. In other words,
those within the organisation, such as its employees, and those outside the organisation,
including customers and anyone else with an interest in the business. They all have a stake in
the business.
(The book page 12)
Internal:
The internal stakeholders include managers, employees and owners. Therefore every sector has
internal stakeholders although, for example, a sole trader will not have managers and
employees.
(The book page 12)
External:
Businesses also have external stakeholders. Without them they wouldn’t have a business. These
stakeholders are suppliers, lenders, competitors, creditors and customers.
(The book page 12)
Importance:
Stakeholders provide practical and financial assistance to your company. They increase the
number of individuals who care about the success of your business, making you feel less alone
in your endeavors.
, Espace Hassan:
1. Customers are important because they buy the product and service, customers
purchase goods and services and provide feedback to companies on how to improve
them, they can also influence others by promoting the business to friends and family, the
company can lose profit, they lose sales when they lose customers, and a loss of sales
equates to a loss of earnings, depending on the severity of your client loss, the amount of
money you lose as a result might have a long-term influence on your company's financial
health.
2. The government is important because it provides support, advice and grants, the
government can charge taxes on foreign items in order to raise prices and make
domestic products more desirable which leads to an increase in profit, businesses might
be stifled by higher taxes and restrictions.
3. Investors are important because they provide finance, shareholders influence the
objectives of the business and they assist in business plan making, the negative thing is
that its time consuming, it takes time to find people who are willing to invest in your
company and to decide how much the owner is willing to give in the percentage of
shares.
ONCF
1. The community is important because it provides a workforce, the community results in
better goods, learning and innovation, and corporate development if they are motivated
and want to be involved and part of the business. However, the community can also
impact the decisions of the business. In areas of high unemployment, the business will
struggle to sell their train tickets due to fewer people requiring tickets due to less
disposable income. In the same way that a business might also change their train
schedule times to not cause increased noise pollution in the local area which will be
supportive toward the community.
2. Employees are important because they provide labour services to the business,
employees can have an effect on the business by not working as well as they should,
employees may lose trust in one another, engage in conflict, and fail to perform their
obligations, as a consequence, your company will lose money and miss out on new
possibilities, the amount of consumer complaints is also expected to rise, being optimistic
reduces stress, boosts productivity, and improves interpersonal relationships.
3. Owners are important because they elect the board, they make choices regarding the
business's operations and give financing to help it expand, being an owner is a risk
because you can affect the whole business by doing one single thing wrong if you
employ the wrong people they can steal your money and leave you with nothing that’s
why most people employ people that they trust like friends and family.
B.P3 Explore the organizational structures of two contrasting businesses
Tall organizational structure
A tall organizational structure shows that management is divided into multiple tiers, with
executives at the top and normal staff at the bottom. A tall company will have a significant
number of managers, and each manager will usually be in charge of a small group of people.
(Upcounsel.com 2021)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ayoubmichaal. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$10.87. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now