Unit 2 Business Resources

This document is my assignment for Business Resources, Unit 2 BTEC Business. It includes the work I did to achieve Pass 5 and 7.

In this task (P4) I have done an in-depth description of more than 10 internal and external sources of finance for a selected business. While it is not mandatory to talk about the business at every point, I was able to pass this task because they were relevant to the business. I have included references at the bottom of the word document, so you are able to see where I have agthered my information from.

illustrate the financial state of a given business and interpret the contents of a trading and profit and loss account and balance sheet for a selected company explaining how accounting ratios can be used to monitor the financial performance of the organisation and evaluate the adequacy of accounting ratios as a means of monitoring the state of the business in a selected organisation, using examples

Describe the main physical and technological resources required in the operation of a selected organisation P3 Explain how the management of human, physical and technological resources can improve the performance of a selected organisation. M1 Unit 2 Business resources P3 M1 a. Introduction - The physical resources provided by SFC must meet the needs of the services offered. Therefore, your introduction should briefly outline the services that Southampton Football Club offers. b. Physica...

illustrate the use of budgets as a means of exercising financial control of a selected company and analyse the reasons why costs need to be controlled to budget and evaluate the problems they have identified from unmonitored costs and budgets

interpret the contents of a trading and profit and loss account and balance sheet for a selected company

This document is my assignment for Business Resources, Unit 2 BTEC Business. It includes the work I did to achieve Pass 1 and 2 and Merit 1.

This task was completed to a high standard and achieved. In the sample essay below I evaluated how managing resources(Human, Physical, Technological and Financial) and controlling budget costs can improve the performance of LIDL. Throughout the essay, I followed the structure of making a point, explaining it as concisely as I could and considering the potential effects on the performance of LIDL An example of how I did this is in the following paragraphsfor physical resources, taken from the...

P6: illustrate the use of budgets as a means of exercising financial control of a selected company