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Business Administration INTRODUCTION 3 MAIN BODY
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Added on 2020-11-23
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Business Administration INTRODUCTION 3 MAIN BODY3 1.1 Explain any budgetary or policy constraints relating to business travel or accommodation 3 1.2 Describe financial arrangements relating to businesstravelor accommodation 4 1.3 How to make arrangements for visas and related foreigntravel documentation 4 1.4 Describe the procedures for obtaining or exchanging foreign currency 5 2.1 Identify different suppliers that are capable of delivering the services required within budget5 2.2 Recommend travel or accommodation arrangements that best meet the requirements 6 2.3 Recommend suppliers of travel or accommodation that best meet the requirements 6 3.1
Business Administration INTRODUCTION 3 MAIN BODY
Added on 2020-11-23
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Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................31.1 Explain any budgetary or policy constraints relating to business travel or accommodation31.2 Describe financial arrangements relating to business travel or accommodation..................41.3 How to make arrangements for visas and related foreign travel documentation..................41.4 Describe the procedures for obtaining or exchanging foreign currency...............................52.1 Identify different suppliers that are capable of delivering the services required withinbudget..........................................................................................................................................52.2 Recommend travel or accommodation arrangements that best meet the requirements........62.3 Recommend suppliers of travel or accommodation that best meet the requirements...........63.1Confirm the requirements for travel or accommodation........................................................73.2 Arrangements that specify limitations, prohibitions or responsibilities which meetrequirements................................................................................................................................73.3 Prepare and issue schedule documentation that reflect agreed arrangements accurately.....83.4 Obtain travel or accommodation documentation within the required timescale...................83.5 Confirm the acceptability of payments to be made within the limits of their own authority.....................................................................................................................................................93.6 Keep up-to-date records of travel or accommodation arrangements and agreedcommitments...............................................................................................................................93.7 Adhere to organisational policies and procedures, legal and ethical requirements whenmaking business travel or accommodation arrangements for others..........................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11.......................................................................................................................................................12
INTRODUCTIONBusiness administration is define as a management of business that oversees andsupervise business operations. It is relating with the field of accounting, finance and marketing.They are independent in corporations where operations are succeed in order to skilledadministrators (Baum, 2016). An organisation is leading with specific degree of programs thatprovide general knowledge in order to manage business. This report is based on Cox & Kingswhich is founded by Richard Cox in 1758. Its headquarter is in India and UK who is subsidiaryin holiday and education travel group. The main purpose of this report is budgetary and financialarrangements which is made in relating with business travel and accommodation. Apart fromthat, their identified different suppliers who are meeting business requirements for travel andaccommodation. An organisation is leading with the travel agency by accepting payments withan authority. Lastly it adhere policies and procedures with legal requirements and providing toothers. MAIN BODY1.1 Explain any budgetary or policy constraints relating to business travel or accommodationBudgetary or policy is determine by amount of money which is available by anorganisation. It is describe by people who are spending money as per their status. This is defineby monitoring and controlling costs and operations in an accounting period. They areincreasingly concentrate on project which are related with services and raw materials. Threshold cost of travels: It is a kind of research which is define as perception ofcustomers that makes final purchasing decision. This is analysed by customers when travels arereducing their prices that makes changes in perception. Cox & Kings is committing withthresholds model which uses synthetic data of approaches. This approach is useful in contextwith other choice behaviour. Maximum allowance for meals: An organisation is charging extra amount as per meal.Cox & Kings are leading with extra money or allowance for providing meal to employees. Thisaccommodation is provided by big companies. For example, SodexHo company is providingplain vouchers to their employees for having meal and make extra amount of charge. Standard class rail and air fare only: People are travelling in quality accommodation viapublic transport which is designed comfortably and typically expensive. Cox & Kings are
providing customer's luxurious travel of seats and services in transport system. In UK, keytravellers are encouraging booking via using online tool which is get in cheapest rates. 1.2 Describe financial arrangements relating to business travel or accommodationFinancial arrangements is facilitated by making travel services which is concerned withbusiness and some level of regulation. Arrangements are made not only for benefits but also forprotection to customers. They are in addition with consumer protection with a level of aim incompeting closely with packages. Appropriate authorisation: For making arrangements in travel agency it is useful forproviding responsibility or authority to an individual who can secure system with honesty. Cox& Kings travelling company is not only based on making benefits, they are also required toprovide protection in financial terms. Receipts must accompany expenses claims: Cox & Kings make relevant receipts andattached with documents which is submitted in online paper form. This payment is made untilaccounts payable has received hard copy of that claim. It is reached with supporting documentwith detailed information about services purchased(Becker, 2016).Company credit card: Company is having credit card facility which is used for easilymaking control in greater delivery. It is streamlined in offering end to end expenses managementprogram. Cox & Kings are making payment by card which is issued to users. Financially theyaccept payment in behalf of product or services. 1.3 How to make arrangements for visas and related foreign travel documentationVisa is a document which is issued by foreign country with a permission in gaining entryinto another country. Visa is varying with arrangements which is made by submittingphotograph, application form and actual passport that is required. Their also required otherdocuments such as detailed travel itinerary, medical information etc. It is also arranged by travelagency by collecting confirmation of documents and which is approved by government. Cox &Kings travel is taking this responsibility for issuing Visa. Their required confirmation and detailsin regarding with purpose while visiting in another country. They are proposing a letter whichinclude details like employment, duration and salary etc. This visa facility is applied in form ofapplication and widely it is most effective with alternative arrangements. Foreign travelling documents are prepared which is made by decisions and sure abouttheir relevancy. For travelling in other country their require passport, visa, foreign currency,
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