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It allows the business to examine its current position within the market, consider opportunities to
strengthen that position and determine the most effective method of implementing the required
changes. The train station helps all businesses for access in particular the coffee shop which will
heavily benefit from the passing commuters. The train station helps all businesses for access in
particular the coffee shop which will heavily benefit from the passing commuters. This is a very
important question as it shows the company what they could do to improve the magazine and
increase the number of sales. Each and every product must have good strong brand that makes it
recognisable to people. The advantage to using this method of pricing is that there could be more
awareness about the magazine, increasing the number of customers however a disadvantage is that
the company could lose profit because of the low price and it is not certain that after the introductory
offer finishes the customers will still continue to buy the magazine. When they started to sell only
Gnanam cards when they have a demand in local and international market they thought to provide
various kinds of customers from different countries. How I will Hire?- The method of hiring that is
would use is interviews. Quota sampling- This is where people picked to do a survey because they
meet certain characteristics. This is a good method as it will help me in my pricing section, during
which I will have to decide on an effective price for my magazine. As results of getting insurance
you are given a insurance certificate. Channel 2 of distribution This is a very common method of
selling, as the manufacture sells the product to a re-seller and they then sell it to the public. The
economic, technological, political and social changes affect the ability of a business to be
competitive. Market segmentation Market segmentation is a method of dividing up the market, into
smaller subgroups. Whatever he customer says is right, and the company should do all they can to
keep them happy. It includes farming, fishing, mining, forestry, oil and gas drilling. This method is
good because it appeals to teenagers who don’t even want to go out to the shops and purchase their
magazines. I will do this by going into a newsagent, and noting down the prices of each teen
magazine. This method would be more suited for cosmetics such as Avon. After sales support can
make person by from a specific shop just for the extra warranty. Although this resource supports
Edexcel 5BS03, I deliver it in year 10 to be able to get my classes writing effectively early. This is
shows me that I there would be place for me to sell my goods, aimed at social group C. This would
be: opening times, services available, and special offers. He needs to have enough money in order to
expand but it depends on what he wants to do. The gift can come in to ways, either in the packet its
self or by collecting coupons. Region People in different areas of the country will buy different
products. This basically means that if your shops sells computer parts, then you advertise in a
computer magazine. Postage would also save a lot of time and mean that Cosmogirl would have to
employ fewer drivers to transport the magazine to its destination. Successful business monitor their
stock and protect their inventory. The planing restrictions also help to bring business into areas where
there is high unemployment.
Is image Important? The image of the product is the way that the public see you product. The
average age in Horsley is 44 meaning that most people will have plenty of money to spend. This is
usually impractical if you don't live near the manufacture, but that is why they ship them out. What
dose the wholesaler do for the manufacture: The wholesaler buys the product in very large quantities
so it saves the manufacture time. This level of quality is found throughout Edexcel qualifications
which help students to progress their careers and education in order to fulfil their potential. I also
will be able to interact with the consumers themselves and hear their own suggestions. I believe this
would help me to cut out any risks as I would be researching my competitors and finding ways to
create a marketing strategy that would be effective. In my research I found out Horsley is occupied
my many families so a school supply shop could be very successful as of course the children need
their uniform. A market oriented business is when a business will find what product people want and
then sell it to them. However it is very accessible so if the shop becomes a success, customers could
visit it with ease. However, it is important that the right celebrity is picked. When they have
established the product in the market they will raise the price. To stop you from loosing the money
you take out insurance against bad debts. Tesco have 1982stores all over United Kingdom and they
have 164,500 shareholders. The wholesaler may normally carry out the promotion, saving the
manufacture money on advertising. Also the information that is collected is of a neutral view point.
GCSE Business Studies (Short Course) Award Code 4131 GCSE Applied Business (Double Award)
Award Code 4136. As you can see in the map below it is a 5 minute drive from the M25 and even
less to the A3 which are both major roads providing excellent access to my premises. This page
provides teachers and students with information regarding controlled assessments for: GCSE
Business Studies Units 3 and 14; GCSE Applied. Frozen food This gives cover against the loss or
damage of goods that are frozen due to a power cut. Personal accident and sickness This pays a
certain amount of money to self employed person if they can not work due to illness, or a accident.
The train station helps all businesses for access in particular the coffee shop which will heavily benefit
from the passing commuters. However, a disadvantage is that there could be limitless amounts of
information found, meaning it is quite time-consuming in the sense that the information is not always
relevant. The advert is brief, and shows some information about opening times. For a shop there can
be different markets, e.g. domestic, and business. We are not planning to develop new GCSE
Business and Communication Systems or GCSE Applied Business Studies (Double Award)
qualifications under. Our customer service team will review your report and will be in touch. ?8.99
4.00 1 review BUY NOW Save for later ?8.99 4.00 1 review BUY NOW Save for later Last updated
22 February 2018 Share this Share through email Share through twitter Share through linkedin Share
through facebook Share through pinterest Workstation11's Shop 3.87 41 reviews Not the right
resource. Income These are created depending on a person's income. Tesco provide retail services
them sell household items, food items, kid’s items, and food items. In secondary sector they turn raw
materials into finished products. The growth of communication industry is in form of mobile phones.
I will then brainstorm a list of businesses which could occupy that site. Y Higher price- If you know
that your product is better then your rivals, and your customers know that then you can charge a
higher price My price: My price will be as low is possible, so that I can attract the largest number of
customers. Resources include starters, PowerPoints, worksheets and activities. Tesco’s aim is to make
it a satisfying place to work where as Vectone Gnanam only has 1 worker and so isn’t too bothered. I
have realised that every bit of the product needs to be researched and customer views need to be
listened to, so that the product can reach its maximum goal of high consumer sales, which lead to a
high revenue. I have also noticed that it is shown after school, in between the breaks. Also that I
should use bright colours in my advert, as my leaflets should have a distinctive shape. AQA GCSE
Business Controlled Assessment 2017 Social Enterprise. The success or failure of a business
frequently depends on its location. Using a range of graphical techniques I will present my data as
well as making a final justification on whether or not the business will be successful based on the
information I have collected. Place As I know now what group that I will primary aim my products
at, I must now find a area that is made up mainly of that group. It is important that none of the parts
are forgotten, as then this could lead to the decline of sales rather than the increase. For example,
one disadvantage is that the other magazines may also decide to decrease their price meaning that
the competition would increase. This means that the consumer does not really have a clear choice,
pricing wise i.e. if they wanted to buy the cheapest magazine they wouldn’t be able to. I will only as
people in my target group with a wage of ?15000. In the UK there are also laws that protect the
consumer, this is because it is easy for the customer to be mislead. The interest rate that is charged
depends on: Y The status of the borrower, a small shop may have a higher rate of interest then a
large company Y How much money is to be borrowed, and for it will be used for Y The amount of
risk that there is, will the borrower be able to repay the loan Y The value of the goods that are used
to secure loan (these are taken if the loan is not paid off) Y Bank rate, this interest rate is set by the
bank of England, they also set the other interest rates. They save storage space for the manufacture,
as the large quantities of goods are stored by the wholesaler not the manufacture, saving them space.
I will start with primary research in order to find a vacant business site and to research what other
businesses currently exist in the area. This means selling a wood glue to a person who wants to glue
plastic The selling if products that do not do what they are clamed to be able top do 987 Consumer
protect act- This stops people from using misleading pricing claims, e.g. saying a product is at a
reduced price when it is at the same. See other similar resources ?8.99 4.00 1 review BUY NOW
Save for later Not quite what you were looking for. If your business suffers damage, or is closed
then you receive a cash pay out. Sometimes the a products are brought by both groups, but the
advertising is just aimed at one. I will group the people on there response to some questionnaire in
social grades. Property price growth in Horsley significantly exceeds growth in earnings and the
national average house price growth. I believe this would help me to cut out any risks as I would be
researching my competitors and finding ways to create a marketing strategy that would be effective.
This can be linked to sales promotions, because giving away free gifts is a way of increasing sales. In
some cases though a product must be made first before a person realises that they need it. If you are
looking for a senior manager for a national company then you would use a national paper. This is
because of the people surveyed the majority fit into this group, so it makes sense to primarily aim for
them, and then unskilled workers.
Interest must be paid on a loan, this is paid back to the person who lent the money. This is useful as it
saves me time, and it keeps my business dealings secret to the public. See other similar resources
?8.99 4.00 1 review BUY NOW Save for later Not quite what you were looking for. For my
coursework assignment I must ask the public to determine which of my 3 business ideas would be
best suited for the vacant business site in station parade. A magazine is not suitable as they are
normally national. This page provides teachers and students with information regarding controlled
assessments for: GCSE Business Studies Units 3 and 14; GCSE Applied. He needs to have enough
money in order to expand but it depends on what he wants to do. Write a review Update existing
review Submit review Cancel It's good to leave some feedback. To help me do this I will create
action plans, that I will evaluate and redesign as I proceed during the project. AQA Business Studies
COURSEWORK - Help! - The Student Room. A products that is to aimed art the highest income
group will have a high price, while a product aimed the lowest will have a low price. There are other
types of insurance policy's that business can take out they are: Bad debts When credit is given there
is chance that the person who you are giving credit to may be unable to pay you back. This means
selling a wood glue to a person who wants to glue plastic The selling if products that do not do what
they are clamed to be able top do 987 Consumer protect act- This stops people from using
misleading pricing claims, e.g. saying a product is at a reduced price when it is at the same. The first
factor of the marketing mix is Product, which I have addressed by accentuating the fact that it
concentrates on the market segments of age and gender i.e. teenage girls. The Product Life Cycle has
also shown that my product is in the right stage to be remarketed. The success or failure of a
business frequently depends on its location. If I were to repeat this questionnaire process, I would
definitely choose a greater sample size, maybe of 50 girls, which would allow me to get results from
10 girls in each year group, however even this may not provide as accurate results. Also if the goods
must be transported in special conditions (Frozen), then it is more likely that the wholesaler will have
the special vehicle, unlike a small shop. The method of advertising that I am choosing has little effect
on the local area. Y Average price- Your price will be same as the other companies, so you will try to
get customers other ways. It does this by typing up any letters and sending them to the people they
need to go to. I believe this is the method for distribution because other transportation such as plane
or shipping would be inappropriate. Money This covers against of money being lost, this includes
more then theft and covers all cash, cheques, and valuable documents that are in the business. By
enrolling on the Business GCSE with Online Learning College, students will be able to work through
a variety of lessons, assignments and mock examinations to get ready for their Edexcel exam. Even
though there would only be a 10p difference, consumers would definitely think that they were saving
money and be encouraged to buy Cosmogirl instead. This page provides teachers and students with
information regarding controlled assessments for: GCSE Business Studies Units 3 and 14; GCSE
Applied. We are not planning to develop new GCSE Business and Communication Systems or
GCSE Applied Business Studies (Double Award) qualifications under. This meant that I had to be
very critical and try and select the most relevant data that would help in my coursework. We also
offer a search facility, where we will use our network of booksellers. Task 2: A suitable site for my
business I will locate my business at 4 station parade Ockham Road South East Horsley KT24 6QN
My business will be located in East Horsley. This course is perfect for anyone looking to gain a
GCSE in Business after leaving school or for students that are home schooled.
While secondary data is data that was collected for a other purpose. This is so that they can see how
much they have borrowed, over how long, and how much interest they will pay. 979 Sales of goods
act- This is a very important law as it makes it does not allow: The selling of faulty, dangerous
products The selling of products that are fit to use for the required task. Full refund if not totally
satisfied. 1998 FIRST Paperback edition, foxing. This page provides teachers and students with
information regarding controlled assessments for: GCSE Business Studies Units 3 and 14; GCSE
Applied. In the project I think that there are some areas in which I could improve the priject.
Skimming- When you first realise a product in to the market at a higher price then lower the price
later. The business previous names are Vectone Telecom Centres Limited and Gnanam Telecom
Centre Limited. This is normally the case when new technology is involved. They do this by paying
the employees wages straight into their bank account (BACS). Loss of profits If there is a disaster
and the business can not open, then you will be covered for the profits that are lost. Therefore, this
will influence the lowering of the price. The time period can be anything from one year to twenty or
more. In the UK there are also laws that protect the consumer, this is because it is easy for the
customer to be mislead. The characteristics of the brand comes from the products physical features of
the product. They also have to know where to go if there is a fire (escape route), whom they will
work with and any clothing they have to wear. A example of a promotion is buy on get one free for a
certain time. This loan would be taken out over 5 years at a fixed rate of 5.5 % per month. This
would work out as: Budgets This is when you will try to predict the following things: Sales Rates
Wages This is done by all business, and is called forecasting. Their main drawback is that phone
cards can be duplicated, which will spoil their reputation. With its own train station on the main
South west London Waterloo-Guildford line, it is a very desirable place to live. For accessories I will
supply bags that carry my logo and shop names along with other information. After sales support can
make person by from a specific shop just for the extra warranty. The business is offering an
investment opportunity to people who want a good return from a more risky investment. This type of
research comes in two forms external and internal. This meant that I had to be very critical and try
and select the most relevant data that would help in my coursework. Public liabilities This insurance
is very important, if a customer is injured in shop because it is your fault, or a employees then you
have cover from being sued. It is important that none of the parts are forgotten, as then this could
lead to the decline of sales rather than the increase. Also in a sole trader business I will get to keep
all of the profits. They also need to respond to changes in their community. For example, most
leading supermarkets have reward cards which customers collect points on and are rewarded with
cash or coupons.