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P3: Describe The Main Physical And Technological Resources Required In The Operation Of A Selected Organization

696 words - 3 pages

Insurance
Insurance is a type of physical resource. Insurance is a resourec that protects businesses from losses due to any type of events that can occur during the normal course of business. There are many types of insurance within businesses. these include, insurance for a property damage, insurance for legal liability and insurance for employee-related risks.

Some of these Insurance are used within Topshop. This is used within the business as it allows them to reduce the financial impact of risk to occur within the business. Having insurance within the company means that the business will not have to worry about the risk of having to pay a large amount of money to repair the business. ...view middle of the document...

An example of this is patent.

patent; patent is a product or service which is protected from any person or company who tries to company any business ideas.

copyright; copyright is a legal term used to describe the rights that creators have over their artistic work or ideas. An example of the work covered by copyright are databases,music, advertisements and computer programs.

These intellectual properties are important within Topshop. this is due to the fact that without the protection of their ideas, they would not obtain the benefit of their inventions. furthermore, having intellectual properties will increase Topshop's market values as well as increase their future profits.
Software license
Software license is a type of technological resource. Software license is the permission to use computer programmes within a business.
Software license is important within Topshop. This is due to the fact that without it non of their machines or systems would not work.

furthermore, software license is also important to the manufactures...

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