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

business (Growth&Decline)

Extracts from this document...

Introduction

(M2) Introduction In this assignment I have been given a task to elaborate the meaning of these three factors; growth, relative and absolute decline. I also have to describe two areas of growth and decline in the primary, secondary and tertiary sectors where I will explain the reasons for these changes. Growth is when a business or sector increases; this means they produce more goods, and grow raw materials such as crops or are increasing the goods and/or services they provide mobile phones and customer assistance. Their scale of business also grows; branches increase, higher output in their business and more employees will be employed. Decline is the opposite of growth; production of business fails to produce, lost of customers increase, employees decrease and income of profit reduces. Relative decline is when a business or sector is not performing as well as it should. Absolute decline is when the performance of a business or sector lacks and will one day disappear. Primary sector - Growth Organic farming industry has grown and has become profitable for any business. Since the early 1990s organic food production has had growth rates of around 20% a year and Future growth is expected to range from 10-50% annually depending on the country); ...read more.

Middle

"One recent report in the journal Science predicted that if fishing carries on as it is now, 90 per cent of the world's fisheries will be exhausted within the next 40 years." Secondary sector-Growth Construction has grown dramatically because of trends. It has been said "By the year 2000, there were 10 times as many people on Earth as there were 300 years ago and As of October 2008, the world's population is estimated to be about 6.7 billion, the population of the world human population increased by 203,800 every day". Due to this reason contuctions have increased; building more homes, renewing buildings etc for the population. Clothe manufacturing has grown because of fashion, trends and profitability. So many people need clothes around the world, for this reason clothes manufacturers increase and produce more clothes they are a number of manufactures in the world which produce different style of clothing which some are fashion e.g nike and addidas for instance, nike is a globally known brand and is worn by all ages starting from children to adults this brand has become very profitable for their business. clothes manufactures grow because of the human population in the world the more people the more they sell this is why clothe manufacturing is profitable. ...read more.

Conclusion

The human population has risen in the last 300 years; more homes have been built for this reason. So many people intend to purchase a house, so they can have a house of their own and a number of people buy houses from agents to sell them to private individuals and make profit. The statistics say a "numerous of houses are being sold every year." Tertiary sector-Decline Music retail is declining because of technological developments. 3-4 years ago in most markets they were loads of music stores available providing various kinds of music in cds, tapes, cassettes etc, now since technology has developed music stores are less of its numbers because of computers and internets; these two components are used to download and listen to music, you can listen to different type of music off the internet for free. People don't need to buy cds to listen to music anymore they can just download it off the internet from different sources for free. Analogue TV retailers are absolute declining because of technological developments and analogue TVs were very common and was used by everybody in the past. When technology developed TV manufacturers produced new high definition television with more specifications such as built in DVD players, blue ray, Radio etc. Analogues TVs are getting old and becoming unwanted products since everybody is interested in more advanced televisions. ...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. Functional Areas Report

    These are national organizations with branches in different parts of the country. Some people choose to join a staff association, whose activities are restricted to a particular employer. Tesco's human resource department have a employee organisation and union area, because for example if the business is poor and redundancies are

  2. English for business

    People should call a meeting a) When decisions require judging rather than calculation or expertise. b) When pooling ideas improves the chances of good decisions. c) If 'acceptance' of the decision is an important consideration for members. d) To discuss multi-faced problems requiring different skills or specialists.

  1. Business Studies Edexcel Coursework

    Thus, promotion has to make the product/service look attractive and hence use persuasion in the form of visual appeal, psychological appeal, and the image of professionalism to make it inviting to potential customers. In the long term, a successful promotion campaign develops a positive brand attitude and establishes brand awareness.

  2. Business Studies

    equation Assets > Something of value to a business > Intangible assets = copyrights, logo and trademarks Liabilities > liabilities = claims on the business made by external parties > Contingent liabilities (future) recognised but not on financial statements Owner's equity > Owners are paid when all liabilities have been

  1. Business studies - Business Plan

    working with me in order to learn how I run my business. My job will be the entire running of the business to begin with but once I do employ staff after training them I shall be able to entrust part time cart duty to them to allow me to handle other tasks and leaving me with more free time.

  2. Functional Areas

    time ICT: Information and Communication Technology The use of computer and communication technology to support the running of a business The administration department relies heavily on ICT to function efficiently. Administration is making sure that the right resources are in the right place at the right time.

  1. Importance of Human Resources Management

    Discrimination also exists where there is a requirement (a rule, policy, practice or procedure) that is the same for everyone, but which has an unfair effect on particular groups. If the manager of Ford said that employees who had worked continuously for the company for 20 years would receive a

  2. External influences related to Jaguar Cars and Marriot Hotels

    This would increase their reputation and will draw in more customers as they will be more aware of how good of a company Jaguar is and it would bring more business their way meaning that they will make more of a profit.

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