• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12

The business that I am going to set up is a Book Shop. I have decided to open a bookshop, as there is a high demand of books in my local area. My bookshop will be selling books that meet the requirements of my customers

Extracts from this document...


The business that I am going to set up is a Book Shop. I have decided to open a bookshop, as there is a high demand of books in my local area. My bookshop will be selling books that meet the requirements of my customers. My book shop will be providing books of all sorts e.g. fiction, non fiction, comedy, drama, thriller etc. My two main competitors are WH Smith and Waterstones. They are based in the middle of Leicester. I am targeting at the age group of 16-20 years old, as there is a high demand of books in this particular age group. I will not be selling second hand books as from my research I have found out that my audience like to buy books that are up to date and new. I will be expecting 100 customers per week, which is approximately 400 customers per month. My bookshop will open 6 days a week and will employ 2 part time workers and one full time. The working days will be normal so, the product is available for my customers on time. I am going to set up my business as a Sole Trader; it is in the private sector. A sole trader is a business, which is owned by just one person. The owner can employ any number of people he/she wants to. Some types of businesses need to obtain a special permission before trading:- - Once turnover reaches a certain level sole trader must register for VAT - They must pay Income Tax & National Insurance contributions - Some business activity need a licence such as sale of alcohol - Planning permission is needed in certain location - A sole trader must comply with legislation aimed at business practice e.g. Health & Safety conditions for their employees. The advantages of a Sole Trader are:- * There are not a lot of legal restrictions so, it is easy to set up * Any profit made after the tax is kept ...read more.


This treat placed down the condition for economic community, including the development of the internal market and the common agricultural policy and the structure of the Community institutions. The concept of qualified majority voting was introduced, while many areas were under agreement. There were provisions drawn up in this treaty that after the initial period, a number of areas under agreement would pass to qualified majority. The Treaty of Rome was set up by the EEC (European Economic Committee). This was a steel and agricultural union of European countries. EU countries decided that instead of competing with ach other they would work together. The EU countries set EEC to remove trade barriers between them and form a "common market". Agricultural union was named CAP (common Agricultural Policy). They created this union to make sure that the European farmers get well paid. UK joined the EEC in 1972, which was 15 years after it was formed. TREATY OF MAASTRICHT ACT 1992: The treaty of Maastricht created a single market and is also known as Treaty of European Union (TEU). It changed its name form EEC TOEU (European Union). It was signed in Dutch Town; it forms a turning point in the European mixing process. In the EU 15 countries have one single market. Companies used to pay tariffs as taxes on exporting things as there were barriers to trade. The single market actually broke all the barriers. The concept of the Three Pillars of the Union was introduced in this treaty, the first or economic pillar - the Treaty establishing the European Community, the second pillar - the Common Foreign and Security Policy, developed from the provisions introduced by the single European Act, and the third pillar - Judicial and Home Affairs. SINGLE MARKET EUOPEAN ACT 1986: The Single European Act (SEA) was the first major review of the Treaty of Rome. There was a great amount of happiness among European Community members in 1980. ...read more.


In short it is a matter or case pertaining to the private right of an individual. CRIMINAL CASES: These cases are set up by the Criminal Appeal Acct 1995. The purpose of this act was to investigate possible miscarriages of justice in criminal cases. HIERACY OF COURTS CROWN COURT: This is a court where more serious criminal offences are heard. A judge takes charge of the hearing to make sure the evidence is properly presented and the law in the case is fully understood. A jury is responsible for deciding the verdict. If the defendant is found guilty the judge will take into account the circumstances of the case, previous convictions and possibly the background of the defendant. QUEENS BENCH DIVISION: It is the biggest division of high court with over 60 judges. Cases connected to the County law and the TORT law are tied here. Smaller cases are dealt with the County Court. This court also has specialist courts, the Commercial Court and the Admiralty Court. COURT OF APPEAL: This is made up of Civil Division and a Criminal Division. The Civil Division hears Appeals against decisions Appeal Tribunal, The Immigration Appeal Tribunal and the Lands Tribunal. The Criminal Division has the power to revise sentences or cancel a conviction. A further appeal from the Court of Appeal may be made to the House of Lords but only with permission of either the Court of Appeal or the House of Lords. CIVIL COURT OF APPEAL CIVIL COURTS: This court hers cases which involves civil law. They deal with disputes between individuals or an individual and a business. HOUSE OF LORDS: It is the final appeal court of the English legal system. The judges are called the law lords. It only hears appeals on points of law. In criminal cases, this must be a point of law of general public importance. It is also necessary to get permission to appeal from either the House of Lords or the court from which the appeal is coming. ?? ?? ?? ?? AVCE Business Unit 8 Karmjit Kaur ...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. Marked by a teacher

    NVQ level 2 unit 2 Business Administration. Worksheet on Principles of providing administrative services

    5 star(s)

    so everyone knows when it can be used and when others are using it. The diaries can be then used to tick off activities and appointments when done so you can plan ahead and manage your time accordingly. 2. Identify the information needed to maintain a diary system in the workplace.

  2. Business Studies Edexcel Coursework

    Also, it does not cost Errol any money. Advantages of the Internet: Information is obtained without cost and is usually instantly available. Drawbacks: Information is not tailored to the specific criteria of Errol Anderson Motors (information regarding the Harrow area). Also, any information available to Errol is there for other competing businesses.

  1. Functional Areas Report

    The use of IT Information technology (IT) is a way for big business to reduce costs and improve their goods and services. There are a number of ways in which this might be done. Electronic Communications Tesco have to use E-mail instead of first-class stamp because E-mail costs less than

  2. Case Facts / Summary - Mr. Ingram and Mr Christmas were partners in a ...

    has had dealings with them before, or because of the use of their manes on notepaper, or from some other sign outside the door, or because the customer has had some indirect information about them.

  1. In this section I will explain every one the different types of business ownership. ...

    This food warehouse was the first modern warehouse in the country and helped to introduce new ideas of central stock control. Later in 1956 the first self-service supermarket opened in a converted cinema in Maldon. Tesco has changed massively since 1956.

  2. IGCSE Businesses Studies Revision Notes

    of time; Quantity sold * price Average cost per unit - Total cost of production divided by total output Break-even chart - Shows how many sales the business must make to cover all costs Contribution - Selling price - variable costs Break-even level - Total fixed costs / Contribution =

  1. Business Studies

    Changing nature of markets: * Before 1980 many Australian businesses operated in their own market place. There was a safe guard against over seas influences * Deregulation of the financial sector and the labour market, started Australia's movements towards free trade agreements and rapid improvements in transport * Goods/services became available through imports * Australian products are exported.

  2. Ann Hopkins Case Analysis

    ISSUES The ethical issues are: 1. Did PW behave ethically in their evaluation of Ann Hopkins? 2. Is it ethical to use gender stereotyping in corporate decision making? II. EVIDENCE While Ann Hopkins' abilities and contributions were overlooked, the PW committee clearly fixated on her negative aspects more than her positive contributions to PW.

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