Uploaded by Chelsie Mackay

U1 P4 CM

U1 P4
Chelsie M
Local Government
A grant is an amount of money that is awarded to your business from the government that you do
not have to pay back. It's awarded to your business to help your business grow. Bexley council
provide grants to businesses so they can start up their business
CCTV is to keep track of what is happening at the premises where they are installed. By monitoring the
activity of workers and visitors at your business' site. There is CCTV because if someone robs a shop
not that many people will go to that shop because they don’t feel safe and when there is CCTV people
will know that the shops are keeping an eye on what people are doing outside the shop.
Cleaning lets you to make you comfortable into your new business, so it takes the pressure off you
finding a long list of customers right away to keep your employees busy. They also put bins around the
area because if there is litter around the shops people won’t go to those shop
UK Government
Employment is when there is a connection between two parties, that are based on a contract where
workers get paid for if there wasn’t employment no one will be able to get food or things they want. The
national government encourage employment for business because they provide work for people in that
Education is the procedure of enabling learning, or the achievement of knowledge, skills, values,
beliefs, and habits. Educational methods include teaching, training, storytelling, discussion and directed
research. If schools went real then people wouldn’t be able to work they also provide courses for
training people that need to be trained to work for that business.
training allows you to support the skills that each employee needs to improve so they can get better at
Law and regulation
Laws for businesses are laws that help a person to form a business and how to run the business
Regulations are compulsory usually by a regulatory agency that are formed to carry out the purpose
or supplies of a legislation.
There are different laws that are
Data protection, GDPR, Employment law and advertisement law
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U1 P4
Chelsie M
Economic growth
Economic growth is the growth in the inflation that is adjusted for market value of the goods and
services produced by an economy over a period of time. . Inflation helps business by making rates low
so they can make profits and people buy your products but if the rates are high people won’t buy you
products and you won’t make any profit. The government give you a grant to help you set up your
business so you find a local area that you can put your business and get equipment for your business.
Balance of payment
A balance payment is when you pay for something in full and the business will get a transaction if you
pay with a debit card this helps the business to keep track on how much money they will have.
Business loans are loans that are used for business purpose only this involves when you create a debt
for your business, and you have to pay the loan back that has interest on .
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