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

I am going to talk about characteristic of the local business environment in the Leicester. My chosen business is eastern European restaurant.

Extracts from this document...

Introduction

A4470 Unit 1: P5 Explain the characteristic of the local business environment By Paulius Pelenis Introduction I am going to talk about characteristic of the local business environment in the Leicester. My chosen business is eastern European restaurant. Product Market This restaurant will be aimed at a niche market for European people who live in Leicester. They are a lot of people from Eastern Europe like Poland, Latvian, Lithuanian and it will help to me make a profit. I look for European public, because I see there are lots of Asian restaurants in Leicester and not many European. Sector and industry changes This business falls into the tertiary sector which is growing faster than primary or secondary as many companies decide to provide service because it brings more profit than manufacturing. ...read more.

Middle

which is a restaurant business I would need at list level 2 of food hygiene certificate for health and safety and health and safety certificate for the workplace. As I would be the only owner - Sole-trader so I do not need to register my company as a company LTD and do not need a registration with company house. I will be personally responsible for accounts and paying tax of the profit I'll make each year. Planning and Employment I am thinking to open my restaurant in Narborough road, because it is strategically advantageous position. I would like to recruit two bartenders and six waiters, due to shift change. Economic trends and Income Recession is in the all world and touches all business sectors in UK. ...read more.

Conclusion

Call centres charging for information exchanges. If tax rates increase, people have less to spend which will make it more difficult for my business to make money because people will spend their money in more important things. They will expend their money in things that they really need not in restaurants. If VAT increases, many items will be more expensive as well. If the prices are too high, people will be affected as well on what they can buy. Growth Income growth means that the country is producing well and earning more money every year which will make people have more money to spend for leisure and family dinners. Conclusion In conclusion I have research on three sectors and those are the primary sector, the Secondary sector and the tertiary sector. I have chosen tertiary sector, because is growing and more chances to do profit. ...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. Peer reviewed

    McDonal's "seniors" Restaurant

    3 star(s)

    Well, establishing relationships with the customers is also an advantage because they can do product positioning with the customers and establish also loyal customers.

  2. unit 8 business online p1

    What the website will actually do is shown below. Appears properly on all browsers and operating systems (e.g. Apple Mac, Fire Fox, Opera, Internet Explorer) * Loads quickly * Any elaborate opening graphics can be skipped if required * Text is structured in easily-digestible small chunks * Does not request personal information before people can access the site *

  1. Business studies Coursework - Study of a small established local business

    If an item is expiring, I would change the price to a low price so that I will still be able to sell it and not make too much of a loss. What do you think about the prices of the items that you sell?

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

    Fast food market - I need to know whether the fast food market is showing signs of growth or decline. This is important from a business point of view because if the fast food market is showing signs of decline it will not be suitable for the business, as

  1. In this section I will explain and explore the 7 functional areas of my ...

    - Quicker and more efficient as there is no need to write documents out by hand which wastes time and effort of the employee. - If there were a fire, the cabinet would be destroyed making it difficult to retrieve and restore the data back.

  2. Unit 1 investigating business

    General aims are common in all company they are gaining as much profit as they can and to survive by keeping their customers happy and keeping a good reputation. Objectives are something a company wants to achieve and a period of time.

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

    The students will be saying what is good about blockbuster by not thinking of what the price of the products are, and how they are given out. Because they don?t work Questions Audience What are your thoughts on the pricing of blockbuster products?

  2. Describe the Hierarchy of the Civil Courts

    This court forms part of the Queen?s Bench division of high court, and replaced the former crown office list. At the same time, the orders available to the court of judicial review then the proceedings had to be named. The order of certiorari; replaced by a quashing order, Mandamus by

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