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Unit 26 - Managing Business Information P3 describe how information is used for different purposes in a selected organisation M1 explain how business information is used for different purposes in a selected organisation. (Powerpoint)£4.49
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Unit 26 - Managing Business Information P3 describe how information is used for different purposes in a selected organisation M1 explain how business information is used for different purposes in a selected organisation. (Powerpoint)
Unit 26 - Managing Business Information P3 describe how information is used for different purposes in a selected organisation M1 explain how business information is used for different purposes in a selected organisation. Please leave a review if you found this useful, thank you.
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, Introductio
n
Apple use information for many different purposes. The information that the company uses has to be accurate and
reliable so the management at Apple are able to make accurate decisions. The three main purposes that the compa
uses information for are:
• Business plan
• Cash flow forecast
• Management account report
, Planning - Business
plan
“A business plan is basically a document that provides a written description of your company’s future. The plan should explain your business
and your key goal to get from A to B or here to there” A business plan is a written document containing the company’s goals and objectives,
includes the methods on how these goals can be achieved and the timeframe to complete those goals. Apple use the business plan to make
for the future, such as how they will promote their products and plans on how to attract the target market. One of the purposes of a busine
that it helps with management. Apple uses the business plan to set short term and long term targets, such as where they want to be in five
years time. This allows them to give structure to their business and clear plans for the future so they know what direction they are heading
allows the management at Apple to track and monitor their results. For example, on their business plan Apple would include how many sale
IPhone they want to make in the first week, after launching the product in one week they can monitor the results and see if they have achie
objective.
A business plan also allows Apple to use it to gain investment. This is because the investors want to see the business plan before they can d
weather they want to invest in the business. Loan lenders would also want to see the business plan before they can make the decision if the
lend a loan, if the business plan is good and detailed, it means Apple would be making a lot of profit, which shows to the creditors that App
able to pay them back.
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