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Applied Business Studies - A1 - Richards Paints

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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.

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