Introduction

Introduction

I have been studying for Unit-2 Business Resources. I did seven pass task, four merit tasks and three distinction task. For the first task P1, P2 and M2 i applied for a job at Morrisons supermarket by filling out the relevant documents, looking at the skills required and if i have them or not and i also described the skills for recruitment and retention. For the second task P3,M1 and D1 (task 1) i looked at all of the resources at Ravens Wood School. I then described how the resources are used effectively to improve performance. I also evaluated how they will improve the performance at Ravens Wood School. For P4 i recommended sources of finance for someone starting a business and completed a budget analysis and saw what can happen with uncontrolled cost and why businesses need budgets. For the second part i looked at the break even point and completed a break even exercise. I then wrote a letter to the owner of the business explaining what break even is and also how useful it is. For the third part i explained costs in an information pack. I explained about budgets, break even and the problems businesses can have. For task 5 i wrote a letter explaining what all of terms mean in a Profit and Loss Account and a Balance Sheet and also gave explanations. I then evaluated how adequate ratios are in monitoring how successful businesses are. This was what work i did for Unit 2.