IEB CAT PAT Phase two

TO WHAT EXTENT IS
ABSTRACT
A BUSINESS The aim of this project is to help businesses
work out the extent of their profits and

SUCCESSFUL AND successes within their business.

Author
PROFITABLE? Rachel Jones

Computer Applications Technology: Practical
Assessment Task: Phase Two: Task one and two.

, To what extent is a business successful and profitable?
Rachel Jones


Task One:
Main question:
To what extent is a business successful and profitable?

Sub Questions:

Close-ended questions:


Proof of
Type of Answer to How/why information Reference
No




Question Evidence authenticity
Source Question will be used to citation

Competitors
Yes, if a business doesn’t This information will be used
grow in line with their as one of the many
competitors it means that components to determine
Should a
you have to do more whether a business is
business grow
advertising or revisit successful or not. If they grow
in line with Proof of
1.1




product and service Evidence of inline or above their (William,
Interview their Authenticity of
quality. It is important sources competitors they are 2020)
competitors? souces.docx
because your business successful, if they don't grow
Why?
should grow with the in line with their competitors
industry, otherwise you they are not successful and
could soon be closed need to look at advertising or
down. product quality and service.




Computer Applications Technology: Practical Assessment Task: Phase 2: Task 1 & 2.
1

, To what extent is a business successful and profitable?
Rachel Jones


Should This information is critical, by
Yes, businesses must try
businesses knowing that a business
Article and compete with Proof of
1.2




always try to Evidence of should compete with their (Unknown,
(website) competitor’s prices so Authenticity of
compete with sources competitors’ prices it helps to 2019)
that they will draw more souces.docx
competitor’s establish how successful a
attention to customers.
prices? business is.
Owner / CEO / Directors
This information will help me
determine the success and
Is it important
ultimately how profitable a
to have a Yes, success in a Proof of
1.3




Evidence of business is. If the owner is (Kehoe,
Book passion for business is the result of Authenticity of
sources not focused and interested in 1998)
your your passion for it. souces.docx
his business it will indicate
business?
that this business will neither
be successful or profitable.
This information will give me
Is it important
Yes, education in your more insight into a business’s
to be
business is important so success. If the owners or Proof of
1.4




Article educated in Evidence of
that you are in control directors have no education (Stone, 2019) Authenticity of
(website) the business sources
and nobody can cheat in their business it will souces.docx
you are
you. indicate that their business
conducting?
will not be that successful.
Expenses of a business
This information will
determine how profitable a
business is. If the business
Yes, to monitor stealing,
Should you regularly checks their stock Proof of
1.5




to make sure you have Evidence of (William,
Interview keep track of there will be less wastage, Authenticity of
sufficient stock for trading sources 2020)
your stock? saving money and customers souces.docx
and to see if stock is off.
will be happy with the quality
and therefore they will come
back.


Computer Applications Technology: Practical Assessment Task: Phase 2: Task 1 & 2.
2