• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Applied Business Studies - A1 - Richards Paints

Extracts from this document...

Introduction

A1 Richards Paints For this task I will describe the features of Richards Paints. The features include: * Activity * Location * Ownership * Aims and Objectives Activity:- The main activities for Richards Paints are to sell specialised and bespoken paints to the customers' preferences including: * Quick drying paint is a paint which can dry within half the time taken for normal paints. * Primers are a special type of paint used for metals, woods and plastics. * Stoving Enamels is a paint which dries to a hard and glossy finish. * Air drying is a normal paint which dries normally. * Water Based paints is paints that come in two types of finishing: Matt and Silk. ...read more.

Middle

These junctions are Junction 10 on M6, Junction 1 on M5 and Junction 4 on M6. They were previous located on Brook Street Smethwick but due to flooding they were forced to move to the present location. They may have picked Smethwick because Smethwick is known to be for a huge industrial area. Most of their customers are within the 50 mile delivery radius. Richards Paints is also near the railway line which used to be their biggest customers. Ownership:- The type of ownership that Richards Paints started out with was a Sole Trader. The guy who started the business sold it to a person who changed the business type to a Private Limited Company (PLC). ...read more.

Conclusion

They will be able to do this by making sure they earn enough money to pay their workers wages, the business' bills, and pay of some of their loans each year. Also if the business is earning a gross profit average of �20,000 per month, they will have a very minimal met profit after taking all expenses out of the gross profit. Long term aims and objectives for Richards Paints are: To constantly promote the business and make it as successful as possible. To enable the business owners to maintain a healthy business annual net profit, so that the owner will be able to retire knowing that future investors will be attracted. Another aim and objective is to increase their profits so that they can benefit from having a healthy net profit to invest into future products and expansions of the firm. ?? ?? ?? ?? Omar Chaudhry Business Studies A1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. Business Studies Edexcel Coursework

    damaged by the weather, and with flyers; a lot will be wasted since not everyone who reads the free council magazine is a potential customer - this makes it extremely difficult to target the desired audience. Transport media Errol will certainly need a van for his line of business; and

  2. tesco aims and objectives

    Tesco Value and Finest are sole in their branches and these products are very popular with the consumers. This has helped to increase their market share and satisfy every socio-economic group. Tesco also sell the latest trends in food e.g.

  1. Business Studies

    labour: People without qualifications or skills could be trained to do that particular job, same repetitive job > Rigid chain of command: very strict line of authority > Small spans of control: Should be between 4 and 14 = resulted in a lot of managers - Autocratic leadership style >

  2. IGCSE Businesses Studies Revision Notes

    time - The margin of time between ordering and obtaining stock Lean production- Techniques used by businesses to improve efficiency by cutting down on waste: Kaizen- Means 'continuous improvement', focuses on eliminating waste through organizing JIT- Just-In-Time; Involves eliminating stock levels through correct timing, reduces storage space Cell production- Separating

  1. English for business

    Match the following columns containing interest jobs 1. scientific a. plumber 2. artistic b. nurse 3. practical c. accountant 4. welfare d. academician 5. computational e. novelist V. What are the things you should do or shouldn't do if you want to get a job?

  2. Applied Business Unit 1

    has increased to 16.6 percent over taking Sainsbury's and Morrison's put together who own 15.7 of the market Looking at the above evidence, it can be concluded that overall Asda are achieving their aims. Swift Supplies How successful is Swift Supplies in meeting the aims and objectives?

  1. Business Studies- Unit 1- Stakeholders

    The government?s wish for a very high taxation of the profits of Coca Cola Wakefield is a hindrance to this and therefore conflict occurs with regards to the relatively very tax in which Coca Cola must pay to the government.

  2. Business Studies- Unit 1- Organisational Structures

    Co-operatives and some Private Limited Companies- therefore not letting the business grow into such larger ownership types as Public Limited Companies and Franchises. Confusion on who is responsible for a worker may arise also-this is because employees may have more than one manager.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work