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

stakeholders pdf

Extracts from this document...


UNIT 3 Finance Introduction For my business studies coursework I am going to investigate the setting up and running of a business, which specialise in the Production and Sale of Wooden Toys. My business will be based in the Chapeltown Enterprise Business Unit, Chapeltown Road, Leeds LS7 3JA. West Yorkshire. In order to establish my business successful I have completed a Market Research Survey(this a basic Questionnaire comprising of 15 key question of potential customer wants and needs in the locality.) which shows clearly that there is a demand for my product. TASK 1: Types of Cost Start up Costs Running Costs Task 2 Providing additional income for my business * I will act as a consultant to local High Schools, colleges such Leeds College of Building, Thomas Danby FE, Kitson College; where my invaluable expertise on the Design and Production of Wooden Toys are recognition in West Yorkshire. * I will use my Website to generate new business as my designs may be purchased from any country in the world, as all customers will have the opportunity to purchase Online with a credit card. ...read more.


2000 2000 2000 0 0 0 Advertisment 50 0 0 0 0 0 0 0 0 0 0 0 0 Insurance 250 250 250 250 250 250 250 3000 Rent 400 400 400 400 400 400 0 0 0 Utilities: heat/ light 100 100 100 100 100 0 Repairs and maintenance 85 85 85 85 85 85 85 Cashflow Surplus/ Deficit Opening Cash Balance Closing Cash Balance Future Designs of Products Example of Cost and Revenue Table for Break-even Analysis Break-even Analysis for Dance by Andrene * The business will be open on average 18 hours a week, a total of approximately 90 hours a month on average. So over a year we would expect to operate for about 1000 hours. * My break-even analysis has been calculated up to 800 hours annually, to take into account holidays and other times when the business may be closed. * The table and charts below demonstrates how the business will perform at the various levels of customers. * Over the average year the business will experience some increased in the Variable cost. ...read more.


1,000.0 �1,200.0 � 1,400.0 Fixed cost per hour � 250.0 � 250.0 � 250.0 �250.0 � 250.0 � 250.0 50.0 � 250.0 Variable cost �.5 per hour � 0.5 � 50.0 � 100.0 �150.0 � 200.0 � 250.0 0 � 350.0 Total cost � 300.0 � 350.0 �400.0 � 450.0 � 500.0 � 550.0 � 600.0 Profit/Loss -� 250.0 -� 100.0 � 50.0 �200.0 � 350.0 � 500.0 � 650.0 � 800.0 Cost and average per hour session � 2.00 Chart 2 My Break even tells me that I will gain 160 consumers Summary Factors that will effect the break even of my business. 1. Some customers will star and stop coming to lessons 2. At different times of the year the business will very busy E.g In the winter months when people tend to get involved in more indoor activities . 3. In the summer months the business will be slower because people tend to do outdoor activities From the break even above even at a cost of �1.00 a lesson the business seems to be making a good profits ?? ?? ?? ?? Unit C Business Finance Intermediate / Foundation ...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 People in Business 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 People in Business essays

  1. Tesco's different stakeholders are:Employees

    The toilets are clearly marked and there are many disabled trolleys and wheelchairs that can be accessed. At the front of the store is a customer information desk where products can be returned and information can be attained. The customer desk also promotes Tesco's services.

  2. Management & Enterprise - Introduction to McDonalds

    Many organisations require their managers to be involved with succession planning, that is, managers should positively train people so that they are eventually able to take over the managers jobs. Beside these training functions, managers also have a role to play in developing personality.

  1. As a short-term business Consultant, I have been hired by Alton Towers PLC to ...

    This is how Alton Towers is able to find if it has made a profit or loss. If the incoming costs are more than in outgoing costs then the money made to pay for the outgoing casts then it is known as a loss.

  2. Applied busines - stakeholders

    Stakeholders Importance Customers Customers have a big part as Without Customers the business would not get any money to pay of bills and to pay their employees. A business would not survive without the customers. Owners/Shareholders These are 2nd important because these people will make up the wage of a

  1. Unit 2 STakeholders of Cadburys

    Shareholders are entitled to attend an annual meeting in which they have the opportunity to ask questions, discuss the company's performance and vote on certain issues. Shareholders can be internal and external to Cadburys. An employee at Cadburys could still own shares in the company, and be internal, so can an individual who is external to Cadburys, be a shareholder.

  2. GSCE Unit 2: People & Business

    Make sure your customer is giving the right amount and you are giving back the right amount of money. The worker on the till should always make sure that the customer is served in a good time, and when an item needs to be returned and cannot exchange be polite.

  1. B-tec First Business - Unit 8 Doing Business Online

    A name must be officially registered before it can be used. It is then leased to the owner for a specified period, after which time the owner can choose to renew it or not. There are loads of issue's when you choosing a Domain name, which are: 1 Your Domain name should be your Website name.

  2. Free essay

    GNVQ Business Studies Unit 1

    * Testing: The production department also have to test all products that they make, to make sure there are no chances of the product failing to work, and to make sure that they last for as long as they are intended to.

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