M1 analysing different types of business information and their sources essay

Also I used similar examples when I talked about sources of information in both internal and external.

By looking at those two examples it can be clearly seen that Tesco needs both of internal and external sources of information, because not all the information needed from the business can be accessed only from the inside organisation. Tesco can contact financial consultants to receive information about the best way of investing money on new buildings or rather way of hire- purchase or leasing.

Tesco use information for different purposes some of them required external sources as I mention above but some information is internal running in the company between different departments. External sources such as Government, banks, and internet also marketing researches can give Tesco access to information that can help to improve the business.

I did that to show the similarities and differences and also the relation of accessed information in both of those two sources. Internal source of information will give Tesco free access and also information such as what they have done previously and that can help for future improvements.

Dear directors, by looking at my analysis you can clearly see the importance of verbal and written information to Tesco, process of work and why Tesco needs to use both verbal and written type of information, also how can combine both of them to have the best way of communication.

The second part is looking at the importance of sources of information that Tesco needs to access and to make clear my points I gave an examples of how internal and external sources work, which leads to that Tesco needs both of them at least to run successfully.

The second example is that Tesco can access information from Sales department to see the less soled products during so then it can be discussed a plan for those products to be sold next year by reducing the price or running out a special promotion or by using other techniques.

UNIT 4 - M1 – Analyse different types of business information and their sources

The benefits of internal sources are that they are cheap and will be accessed from well-known people who work at Tesco also they will get the information for free in some cases, however the internal information will be limited. It is important for Tesco to use both internal and external sources of information because it will ensure well working system.

The benefits of external source of finance are information given from experts in certain subject, professional point of view and wide range of details, options to choose from wide range of different external sources e.

When applying to external source of information Tesco has to pay for some external sources of information but they will be provided from experts which is most important in this case.Different types of business informaiton, their sources and purposes Business information comes from a wide variety of sources and an effective business person will research information from a range of sources before making decisions.

The benefits of external source of finance are information given from experts in certain subject, professional point of view and wide range of details, options to choose from wide range of different external sources e.g. different banks, different Marketing Agencies and different financial advisers.

Introduction In this assignment I will be analysing the different types of business information used at Apple inc.

and where each information source comes from in their organisation. UNIT 4 - M1 – Analyse different types of business information and their sources UNIT 4 - M1 – Analyse different types of business information and their sources I achieved a distinction on all my units. Preview 1 out of 4 pages.

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Add to wishlist. M1: Analyse different types of business information and their sources All businesses use different ways of communicating with each other. The ways being: verbal, written, on-screen, multimedia and web based. Tesco uses verbal communication in various ways. Some of the key components of verbal communication are sound, speaking and words/5(1).

m1: analyze the different types of business information and their sources which you have described for p1 introduction In P1 i talked about types of communications used by Tesco and these are Verbal, written, on- screen, web-based, multimedia.

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M1 analysing different types of business information and their sources essay
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