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

The effects of business on the community

Extracts from this document...

Introduction

Task 9- The affects of my business on the company Positive and Negative effects on the society The impact of my business on the community can consist of both positive and negative effects. Starting with positive, having the only shop in Walthamstow and the surrounding areas, my business is offering something new to the community. People do not have to struggle in finding separate businesses that offer the same services I do in a package or separately in my shop. Furthermore, with my new business will be creating new jobs which will be available to anybody seeking for a job as it is very much needed in a time of a financial crisis (recession). Also, people in working for my business will be able to generate a feasible income, thus people will be paying tax which will be given to the local government. This will evolve the community into a safer, cleaner and more enjoyable place to live in, as it contributes to community centres, rubbish collections, fire brigade and much more. ...read more.

Middle

With time Economies of scale will be introduced to my business which means that the unit cost of production is to fall in size as my business grows. As my business is beginning to raise awareness and finance I will consider lowering prices if my business starts to grow in size and value. Furthermore, with no competition I can establish myself in the area and be the first one to open such a shop in the area and surrounding then that means my business will be well known, so if new competition was to open up then I would have the upper hand as I would have the experience and the name credibility so that people would come to me first then the new competition. On to the negative aspects, without competition I cannot save money on infrastructure as with competition we could speak to each other and agree on sharing some services such as delivery, cleaning etc, this could trigger a positive multiplier effect and reduce cost by a huge margin. ...read more.

Conclusion

Also, I could cut energy usage by using electrical appliances that don't use a lot of energy and using energy efficient light bulbs than the normal ones as well. Solving problems related to no competition will be accomplished by firstly, kick starting my business and making a success so that someone else will consider establishing their own business with the same idea as they can see that my business is doing extremely well in the market and so that they can have a share of the profits and have some competition which could befit my business in the following ways. Firstly, it can be a great way to save money by sharing infrastructure this way we don't have to spend so much of our profits on bills, for material like travelling, communication and others along the same line, which then for both our business to flourish the money saved can be used to expand our business. Furthermore, with competition we can witness the positives and negatives of each others business so that we can improve on our mistakes and make my business a greater force in the market. ...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

    Authentic because both people are who they claim to be ? Conveyed intact and without any changes or alterations during transmission ? Erased from the system after the process has been completed. ? SSL (Secure Socket Layer) - allow you a standard browser, such as Microsoft Explorer, to transmit and receive information securely.

  2. Strengths & weaknesses of a business idea. Research for a new electronics shop.

    Competition for this type of business would be shops such as River Island, Republic, TK Max, Next, etc. Overall I chose to start up a store called Super Volt; I have created a logo for my store which is just the initials of it, I think this is an appropriate

  1. This marketing report is going to look at the internal and external analysis of ...

    They also have 11 chalet-hotels for the ski season in countries such as France, Italy, Austria and Canada. Of the two holiday seasons offered, Mark Warner's winter holidays are the most popular. In all the resorts Mark Warner employ professional and friendly staff, who includes sport instructors, nannies, chefs, customer service, and chalet and beach resort maintenance and management.

  2. Evaluation of a 6 task business project

    that want a job, they won't come to my business because my business stationary is not good looking. This is because if I only print in black and white there will be no-one who will be attracted to or interested in my business and this means they won't come to my business as well.

  1. Unit 5 - Customer Services A lvl

    This allows customers to choose different options to choose to suite their needs. Pensioners would also be classed as another type of customer to Pizza Hut; these customers will not be that popular however they will still go to Pizza Hut.

  2. This GCSE coursework is about setting up a free-range egg unit in the Retford ...

    Bearing this in mind, establishing a free-range poultry unit early on should allow me to enter a growing market. Carrying out a questionnaire survey may also show that as people become more aware of how their food is produced and of animal welfare issues, there will be growth in the free-range egg sector.

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

    So in this case it is west Ealing. People say they can just walk to their nearest blockbuster so it?s great for them. Negative feedback not given because nobody though blockbuster had a bad placing. Negative feedback was they are not more than one blockbuster around their housing area.

  2. Investigating a business and what business do - London Heathrow Marriott (LHM) and Tescos.

    make a good profit as they want their shareholders to gain profit .as well as this because ?shareholders will only invest in the business if they get a high return in their investment.? Tesco needs to provide their customers with fresh and reliable products with low prices and good quality

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