• 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. English for business

    It stimulates debate and sometimes controversy. It has a powerful effect on the human consciousness as it is around us on television, radio, cinemas, newspapers and magazines. The way we dress, talk and behave sends a message to other people.

  2. Business Studies

    > If objectives have not been met managers must evaluate why > Traditional methods were completed at the end of production > Standards were based on mathematical computations of what the output should be. - Hierarchical organisational structure based on the division of labour > Pyramid structure > Division of

  1. Business studies - Business Plan

    Being persuasive my also help if there is any completion and I can try and find out what their business plan is and then find a way to attract more customers then them.

  2. Business Ownership

    Tesco is a Public Limited Company. Below I will write about the advantages and disadvantages of Tesco being a Public Limited Company. Advantage As the company Tesco is very large, it needs a lot of managers to take control over it. The managers need to look after all the stores over the world so it doesn't

  1. Aims & Objectives

    a great success so now that Tesco have now started to expand a bit more in the UK and are manufacturing lots more stores e.g. in Manchester there are around 7-8 stores and they range from all the different ones and they are still making them, they think that instead

  2. Business Studies- Unit 1- Organisational Structures

    Also, a narrow span of control means that coordination between different managers such as the Manufacturing Ops Manager? and ?QSE Manager? must occur- which can be quite difficult and time consuming. Although having larger spans of control would be beneficial to the Coca Cola Wakefield in that there would be

  1. Business Studies- Unit 1- Stakeholders

    those products meet Company requirements and consumer expectations in the marketplace.? SOURCE: thecoca-colacompany.com/citizenship/quality.html With regards to the ethicalness of their soft drinks, Coca Cola Wakefield state that they have reduced their consumption of energy by 15.6% by investing in a sophisticated ?Monitoring and Targeting? system which they state ?enables us

  2. Business Studies- Unit 1- Business Ownership

    If a Sole Trader became successful, expansion could be easier if joined with somebody else. The workload is shared between the partners, but so is the profit capital. If one partner wants to expand into another field, it would be highly beneficial to employ a partner with expertise in that particular field.

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