Student
Examination paper
“Come all for this greatness”
...100% Correct Ans...
BTEC Level 3 Business Unit 16- Human Resource Management
a formal written document or statement about the intentions and purpose of the business
ans>>Business Plan
- Executive summary
- Business description
- Market analysis
- Marketing strategies
- Financial plans
ans>>What a business Plan includes
- Gap in the market
- Competitors
- Current trends
- Likely demand
ans>>Factors that influence how a 'Developing' business develops
,- Age, death
- Change of business operation
- A corporate buyout
- Merger
- Business failure
ans>>Reasons a business may need to change its ownership
Has a wide span, is horizontally dispersed, and has fewer hierarchical levels
ans>>Flat Structure
An organizational structure that simultaneously groups people and resources by function
and by product.
ans>>Matrix Structure
Shows a hierarchy of responsibilities and authority showing who is responsible for what and
who has authority to make decisions regarding business operations
ans>>Hierarchical Structure
- Previous market research
- Trade journals
- Websites
- Books and newspapers
- Census data and public records
, ans>>Secondary research sources
Info should be kept secure in accordance with the nature and sensitivity of that information.
There is a legal requirement to store info securely and there are rules dictating how info is
stored and for what period of time
ans>>Security of information
It is vital businesses are up to date with the legal requirements around data storage. Data
protection act 1998 is the main legislation they must follow
ans>>Legislative
Regulatory and ethical issues
ans>>Businesses will need to ensure they are frequently monitoring impending changes to
any legislation or regulation
Porters 5 forces
ans>>1. Existing competitive rivalry between suppliers
2. Threat of new entrants
3. Bargaining power of buyers
4. Power of suppliers
5. Threat of substitute products
5C'S
ans>>1. Customer
Examination paper
“Come all for this greatness”
...100% Correct Ans...
BTEC Level 3 Business Unit 16- Human Resource Management
a formal written document or statement about the intentions and purpose of the business
ans>>Business Plan
- Executive summary
- Business description
- Market analysis
- Marketing strategies
- Financial plans
ans>>What a business Plan includes
- Gap in the market
- Competitors
- Current trends
- Likely demand
ans>>Factors that influence how a 'Developing' business develops
,- Age, death
- Change of business operation
- A corporate buyout
- Merger
- Business failure
ans>>Reasons a business may need to change its ownership
Has a wide span, is horizontally dispersed, and has fewer hierarchical levels
ans>>Flat Structure
An organizational structure that simultaneously groups people and resources by function
and by product.
ans>>Matrix Structure
Shows a hierarchy of responsibilities and authority showing who is responsible for what and
who has authority to make decisions regarding business operations
ans>>Hierarchical Structure
- Previous market research
- Trade journals
- Websites
- Books and newspapers
- Census data and public records
, ans>>Secondary research sources
Info should be kept secure in accordance with the nature and sensitivity of that information.
There is a legal requirement to store info securely and there are rules dictating how info is
stored and for what period of time
ans>>Security of information
It is vital businesses are up to date with the legal requirements around data storage. Data
protection act 1998 is the main legislation they must follow
ans>>Legislative
Regulatory and ethical issues
ans>>Businesses will need to ensure they are frequently monitoring impending changes to
any legislation or regulation
Porters 5 forces
ans>>1. Existing competitive rivalry between suppliers
2. Threat of new entrants
3. Bargaining power of buyers
4. Power of suppliers
5. Threat of substitute products
5C'S
ans>>1. Customer
