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

Business Ownership

Extracts from this document...

Introduction

In 1936, a man called John Duff started a sole trading business thereby opening his first cinema later that year. The business began to grow and he shortly owned 14 cinemas but after a while he decided to change the ownership of his business. There are various reasons for this move and one is to help with growth. Another reason was the need for capital, to increase the salaries and status of managers as the business expands, to open up new possibilities and to help to spread the risks of the business, to obtain economies of scale. Growth would lead to a possibility of higher profit to the owners and that means that it controls a larger share of the market - (the proportion of total market sales). ...read more.

Middle

This rule can make some people reluctant to invest in such a company because they may not be able to sell their shares quickly if they if they require their investment back. At the start I think John Duff had different aims and which changed as the business grew. Firstly he would have aimed towards survival and breaking- even. Later the aims were making profit, growing, increasing the number of cinemas, buying more multiplexes, increasing sales, competing more effectively and relocation of cinemas to retail parks .In 1966, due to maintained extension the business was floated on the stock exchange and became a Public Limited Company thereby the business was known as Screen Scene plc. There benefits of a Public limited company include; the fact that it is an incorporated business and is a separate legal entity so its accounts are kept separately and also there is continuity if a shareholder dies. ...read more.

Conclusion

Screen Scene plc is planning on improving its standards with more 'up-market facilities thereby differentiating itself from its main rivals in some areas. The cinema market is becoming more entertaining as the years go by as its changed from black and white films with re-runs to Technicolor films with confectioneries in the foyer, arcades, large number of screens, movies for people in different age ranges. The peak of the cinema audiences was in 2001 with '176m people.' Various factors influence the cinema markets future i.e. technology , demand and competition. Demand can affect their future as due to the variation in age, gender, culture There would be a different demand for things the cinema market renders. They may be a few constraints that I think may impact the running of Screen scene plc. These include; interest rates because as interest rates go up ticket rates would not be stable. Inflation is also a constraint and its legislation. Ayomide ' Mimi' Aborowa ...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 Case Studies 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 Case Studies essays

  1. unit 8 business online p1

    There might also be problems with dealing with cultural expectations or coping with legal requirements of trading online or order restriction relating to foreign buyers. It may take some time before it can respond to all the pressure and challenges it may meet unless the businesses can obtain specialist help and advice.

  2. sainsburys. The aims and objective of Sainsburys are very straightforward

    find value for money is at Sainsbury's for their great ranges of products. Sainsbury's will ensure that products like their own are shown through their promotion allowing the target audience to see where they are able to find their products.

  1. Would the opening of a fast food restaurant on Riddy lane (Luton) represent a ...

    I used observation to find what businesses are on Riddy lane especially Fast food restaurants. I also used this method to find out what prices the Chippy sets as it average price for a meal, I done this because Chippy did not supply menu to me.

  2. Unit 1 investigating business

    Another reason is its not near any of its competitors so there is only one place for people to go to get fast food, this will also get them more customers which is one of their objectives. Also it should increase their income which is also an aim.

  1. Cadbury Schweppes plc a strategic overview.

    In a flat structure of business, the authority levels are fairly minimal due to the fact that lots of other people are on a par with you and you are not obliged to order them about and give them some of your jobs.

  2. Primark and Blockbuster Describe the main aims and objectives of the business and the ...

    The products are high in quality, and original. The pricing they are keeping it fair. They are not ripping of customers, the customers feel safe with them because the customers know keeping a link with blockbuster mean they are happy with their pricing and the quality of their products.

  1. The Influence of Stakeholders on Toyota and Sainsburys.

    Toyota is a Public Limited Company this means Toyota has Limited Liability meaning if Toyota ever gets in debt, the Government will bail the Company out of a fixed amount of money. Pressure Groups Finally Pressure Groups influence Organisations by persuading people to buy from different suppliers and Manufacturers of

  2. Comparision of Sainsburys and Thorpe Park.

    most products pass through these process which is called ' chain of production '. Some businesses just on 1 sector other businesses work in 2 sectors, it's rare that businesses work in all of the 3 sectors. Sainsbury's Sainsbury was founded by in 1989.Is a supermarket business in the UK,

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