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

Activity 1a Business Activities, Aims and Objectives

Extracts from this document...


Activity 1a Business Activities, Aims and Objectives The two businesses that I will compare are: Richer Sounds and UKwebco Richer Sounds size and scale of their business is national, the number of their employees are 403(2009). There are 6 key people. Ukwebco size and scale of their business is local, international and national. The number of their employees is 30. Their customers are HSBC, Toyota, Harsco track technologies through significant high street and online retailers including Linens Direct, walls, floors and handle store. Richer Sounds is a public sector and the sector is increasing. For the past 20+ years this store has been featured in the Guinness Book of any retail outlet in the world. Ukwebco is a private sector. This sector is increasing, because for years they have perfected their expertise in designing and managing successful web solutions. They use this expertise to deliver, increased efficiencies for their clients. ...read more.


Richer sounds don't expect to change his business in size because his business is already very big. But Ukwebco expect to change in size because the business is growing and they have lots of customers so they need a bigger office. Richer Sounds main aim is to keep moving their business forward, so their aim is to: * Provide second to none service and value for money for their customers. * Provide themselves with secure well paid jobs working in a stimulating and equal opportunities environment. * Be profitable to ensure their long term growth and survival. Ukwebco main aim is to: * Make a profit * Make sure that their business is working well To achieve these aims Richer Sounds will change the way they try to achieve their aim, so they will: * Review and change their product line to ensure that their customers receive value for money. ...read more.


* Customers may be prepared to spend more to buy better quality goods and may use their credit card to do this, if the interest charged would be less. An increase in interest rates can therefore cause problems. So they have to sell more goods to cover their own increased charges for their overdraft. Changing prices will affect them too, because if their supplier's prices increase then they will have to shop around to find better deals. Richer Sounds is affected by changes in exchange rates because they buy a large amount of their stock abroad. I the number of competitors increased within the market/sector this can affect their aims and objectives so they will have to: * Minimise errors * Maximise Productivity * Reduce prices * Offer better deals * Provide a better service But, if they have less competitors they can: * Put up prices * Open a second shop * Increase the size of their shop * Develop the lines that they are selling ...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 Accounting & Finance 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 Accounting & Finance essays

  1. Marked by a teacher

    In this piece of coursework I will talk about the activities that Jaguar Cars ...

    5 star(s)

    It also reduces the risk of human errors, making the work more reliable and accurate. Jaguar have a private railway link, this means that they can get the finished cars to the customers quickly. This will keep the customers satisfied.

  2. tesco aims and objectives

    cause such as charities However shareholders will some times object to Tesco giving a large amount away to charities as they consider that this is their money that they are giving away. So Tesco decide to give higher dividends to their shareholders to keep them contented.

  1. Aims & Objectives

    Conclusion Tesco has changed over time by diversifying into other area, such as selling phones, fuel and outdoor equipments and clothing. They also do door-to-door deliveries; this makes it easier for people because their food will be dropped right in front of their homes, the more people ordering the more

  2. Business Studies

    Must have knowledge of all the laws in the residing country Businesses outsource legal advice such as; * Company law * Taxation law * Financial system regulations * Industrial relations law - Dispute resolution > If accused of illegal practise a business may be charged with a criminal offence or

  1. Importance of Human Resources Management

    * Developing new professional skills helps promotion. * Training whilst working towards the business objectives. * Adds into their motivation. Responsibilities: A number of responsibilities have to be carried which means Ford has to consider the types of methods of training and the key aspects.

  2. Business Unit 1 - Aims and Objectives

    We aim to ensure all colleagues have opportunities to develop their abilities and are rewarded for their contribution to the success of the business. Our policy is to work with all of our suppliers fairly, recognizing the mutual benefit of satisfying customers' needs.

  1. English for business

    a mistake or slip up � difficult personal relationships � difficult keeping things in perspective � equating failure with being worthless � expecting too much of others � feeling that what you achieve is never enough � living life with a set of rules: a life full of "shoulds" and

  2. Aims & Objectives of a Business - comparing the NHS with McDonalds

    Quality Food By ensuring that McDonalds uses quality ingredients and meat the customers will be more satisfied once they have eaten at McDonalds. Then if the choice comes and they have to choose between McDonalds and another restaurant, they would choose McDonalds because of the quality.

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