Notesale: Turn your study into money

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Chapter 1
Business Organization and Environment
Unit 1
...
1
...

Role

Core Function

Inter-related Function

Setting prices for new
products

Marketing

Finance and Accounts

Recruiting a new production Human Resources
manager
Management

Operations Management,
Finance and Accounts

Allocating resources to
purchase capital equipment

Operations Management

Finance and Accounts

Deciding on the appropriate
levels of stocks for raw
materials

Finance and Accounts

Operations Management

Finding out if consumers
prefer one product design to
another

Marketing

Operations Management

Determining the level and
number of employees the
business needs for future
operations

Human Resources
Management

Operations Management

Activity 1
...
2
1
...
Use the internet or other means of research to:
a
...

b
...
(Has been
highlighted in red)
c
...


Business

Primary

Secondary

Tertiary Quaternary Description of Main Activities

Coca Cola

● American multinational
beverage corporation
...


HSBC

● British multinational
investment bank and financial
services holding company
...

● Main activities○ Provide individuals and
families with mortgages
that help them buy their
own homes and
properties, open savings
accounts and provide/
suggest wealth
management products
(mutual funds,
equities,bonds) of
varying risks that help
them maintain future
financial stability
...

○ Offering multinational
companies consulting
...


FAW
(China)

● Chinese state-owned
automotive manufacturing
company
...


RTZ
● International, UK-registered
mining company with import
assets in natural resources and
related industries
...

Wyndham
Worldwide

● Hotel company based in New
Jersey, USA
...

○ Provides hotel
management services
for full-services and
select limited-service
hotels
...

● Main Activities○ Manufacturing and
distribution of power
systems for aviation and
other industries
...

■ The Company
designs,
constructs, and
installs power
generation,
transmission,
and distribution
systems and
equipment for
the marine

propulsion, oil
and gas
pumping, and
defense markets
...

● Main Activities○ Provide efficient and
intelligent digital
solutions and initiatives
for banking and
payments, capital
markets, wealth and
asset management,
insurance and also, the
energy industry
...
Research five businesses that operate in your country and identify which sector of
industry they mainly operate in and what their main activities are
...

In short, SAP as a company helps
and assists other companies to
profitably function and run their
businesses by developing
software solutions for companies
of all sizes
...

SAP is a part of the quaternary
sector
...
It
is a part of the quaternary sector
as it deals with Information and
Technology (is an IT based
business) and creates programs
that aim to better the efficiency of
businesses
...
It is quite
obvious that Adidas is in fact, a
part of the secondary sector as
they manufacture and produce
tangible products derived from
natural resources
...


BMW

A German multinational
corporation that produces high
quality luxury vehicles and
motorcycles
...

While they are mainly a part of
the secondary sector, BMW does
also dip its toes in the tertiary
sector
...


Knorr

Internationally renowned
manufacturer Knorr, is a German
based food manufacturer known
for its instant soups
...
The company is by
and far an obvious secondary
sector contributor and member
...
Known for
their reliable, good quality and
affordable prices, Nivea has
consistently built a strong
consumer-producer rapport, and is
a very strong contributor to the
Secondary sector
...
Staying true
to its slogan, “ The best or

nothing”, Mercedes- Benz focuses
on the development, production
and sales of high-quality
passenger cars, vans and more
...


Activity 1
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3
1
...

2
...

3
...

Answers:
1
...

2
...
It can be said that this company
branches and functions in the primary, secondary and tertiary sector with evidence to
back this claim
...

Furthermore, BP’s Castellon refinery has the capacity to convert roughly 110, 000
barrels of crude oil (per day) into a range of products used by the plastic industry,
automobile industry, the aviation industry and more
...
Thirdly, BP also has
their own petrol station sites and is a leading position in the petrol retail market
...
However, with respect to the given information, it is unknown as to whether
BP functions in the quaternary sector, which focuses on information technology
businesses as well as information service providers
...

3
...
This can only be possible through the smooth functioning of all four business
functions
...

The given examples are possibilities through which BP has achieved its position in
the petrol retail market● The interrelationship between Marketing and Operations Management- These
two business functions must cooperate and work together such that they can
find a good middle ground with regards to the pricing of the petrol
...

○ They must also work with the Finance and Accounts function to ensure
that these prices will further bring profits to the business, by going
through the accounts and recorded financial statements/ data
...
They must check whether they need more
employees, less employees or replacements for inefficient employees
...




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