• 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)

    The first objective that jaguar has is to deliver exciting new products. This would help jaguar to meet their first aim of meeting their production targets due to the fact that jaguar has recently released the XF model. The first thing that jaguar is doing to ensure that they meet

  2. English for business

    A written agenda allows everyone to focus on what they are to do: before, during and after the meeting. It acts as a plan of the meeting to aid preparation, an objective control of the meeting's progress, a measure of the meeting's success.

  1. Business Studies

    impact of external forces on channels and forms of distribution - environmental effects Technology: - Technological developments have altered methods in which distribution is achieved - Most significant is the development of e-commerce Local Government: - Business activity in Australia is governed by all levels of government including local government.

  2. Business studies - Business Plan

    having them by business will be much less, to try and avoid this I will being with waiting to see how my first promotion goes and if people are buying my product regularly I will then introduce my other promotion.

  1. Aims & Objectives

    This will definitely help Tesco a lot for them to survive in the coming years, this is because if they make enough money to pay wages to the staff, pay the store expenses etc they will never go bankrupt or go into administration. Growth: Tesco has grown and expanded significantly.

  2. Business studies-create your own business

    The reason I chose market oriented pricing, is because pricing my meals according to the market means people will be willing to pay the price and my business will get a good reputation and I will gain customer loyalty. However like competition based pricing the prices may not be enough

  1. Organisational Structures and Job Roles at Richer Sounds.

    for the customers All types of customers Marketing department They both consider the customer, as well as provides useful hints ad tips as well as details of the products they sell and all the best offers All types of customers The design section They are responsible for the design of

  2. How can Nandos increase its Productivity?

    To further this if the special offers have an effect and are bringing in more customers you can then see if the workers are able to cope with the rush hour. This can allow you to observe every worker individually on the job.

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