Business Resources

Unit 2 D/502/5409 (specification 2010) Business Resources

Purpose of this assignment:

 

The aim of this unit is to develop learner knowledge of the range of human, physical, technological and financial resources required in an organisation, and how the management of these resources can impact on business performance.

On completion of this unit a learner should:

 

  1. Know how human resources are managed
  2. Know the purpose of managing physical and technological resources
  3. Know how to access sources of finance
  4. Be able to interpret financial statements.

Business Resources in Practice

This unit requires all learners to sign a Learner Declaration upon submission of all assignments (which accompanies the Assessment Record Sheet)
Know the purpose of managing financial, physical and technological (and human) resources

 

Based on a selected business, answer the following questions:

 

1.     What key physical and technological resources does the business depends on?

2.     How is the performance of the business improved through the management of human, physical and technological resources?

3.     Describe the internal and external sources of finance utilised by the selected business.

4.     Assess the relative merits of the methods of managing resources and comment on the effectiveness of these methods in improving the performance of the business.

 

Task 1: A structured essay with evidence of independent research centred on a selected business

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