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Analysis of Decline and Rise of Various Business Activities in the U.K.

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Introduction

In this task, I will need to decide what the core activity is in each of my two businesses and whether they are dealing with products, services or both. In the UK some of these business activities are becoming more common and others are becoming less common. I will need to find out the broad trends for these business activities and how they affect the businesses that I am investigating. The legal status of Freelance Audio Productions is an equal partnership between Martin and Nikki Rider. The company was set up in 1986, but has only been trading as Freelance Audio Productions for four years. The company doesn't make a product, the service it provides is audio production based which includes performance arts, supplying of equipment and supplying of production services and facilities. FAP falls into the category of the Tertiary Sector. There are many departments that operate within FAP, but there are two departments that control most of Freelance Audio Productions. These are Stage sound and Showbiz. Stage Sound. FAP Stage Sound has been in operation for fourteen years but has only been working under Freelance Audio Productions for the last four years. ...read more.

Middle

(Appendix 4) FAP can be affected by the secondary sector. The only way that FAP is affected by any other sectors is the fluctuations in manufacturing of electrical goods in the secondary sector. This can cause problems when attempting to purchase specialised equipment for shows or upgrading the current range of products. Conclusion. Although currently small, Freelance Audio Productions is growing very fast as a result of the tertiary sector departments that it is part of. Over the next few years, new contacts with other businesses in the UK will be made, and maybe other sectors will come as a part of the company. The legal status of Lantra is a charitable limited company. Lantra is owned and run by a board of directors. If Lantra goes 'bust' or 'bankrupt', each director has a liability of one pound. Lantra has a very complicated range of services. Most of the services is education, training and policy work for the government. Most of the work is in the land based sector, which is to do with farming, agriculture and environmental conservation. Lantra sets the standards that the GNVQs are set upon. ...read more.

Conclusion

Lantra is primarily based in the tertiary sector as it deals with training, education, and the selling of a product, retail. Previously, Lantra was a primary sector, land based organisation. As recent trends show, the primary sector is in rapid decline (Appendix 3) so the company had to think up a new idea to save the business. This is when selling training courses as a product and the company Lantra Awards came into play. These two ideas brought Lantra into the Tertiary sector which is an overall higher earning sector (Appendix 1). This would have both increased the companies value and broadened the types of customers. If the Primary sector decreases, Lantra will be injured as the company still relies mainly on the land based agricultural departments. If the need for more farms arrives, this would be perfect for the training aspect of Lantra as the business would rocket. Conclusion. Even though Lantra is in the primary sector, which is decreasing, the departments which are in the tertiary sector provide a safety net and a higher income. I think that Awards and Agenda will take over and NTO will slowly disappear as the need for agricultural based activities is in decline. Thomas Rider GNVQ Intermediate Business 1 ...read more.

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