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

Whether large supermarkets are more competitive than a small corner shop

Extracts from this document...

Introduction

BUSINESS STUDIES This coursework I will look at whether large supermarkets are more competitive than a small corner shop. A large supermarket is judged by the size of its labour force, turnover and capital employed. Large supermarkets are usually more successful because of the economies of scale. Some of the economies of scale a firm can gain, as it grows larger. These internal economies of scale are called Technical, financial, managerial, marketing, buying and risk-bearing economies. Large firms can buy larger and more efficient machinery and equipment and this means a firm can produce more at a lower price. Large firms can take advantage of production lines and divisions of labour. It's cheaper for a large firm to store and transport goods in large warehouses and lorry's that hold twice as much as smaller firms. ...read more.

Middle

Home delivery is a service run by the supermarket for people who can't get to a supermarket but can still be able to buy goods from them. Also they have access for the disabled to make shopping as easy as possible. At the supermarket you can withdraw money from your account by using the cash machines that are provided. In the supermarket you can use your credit card to pay for your goods at the checkout instead of using cash. Supermarkets have a large variety and selection of goods for customers to choose from. The large turnovers that supermarkets have go towards advertisement on television, in the newspaper and magazines to attract customers to shop at their stores. Also some supermarkets are open 24 hours a day. The disadvantages of supermarkets are that they can be very busy. ...read more.

Conclusion

Most corner shops specialize in certain products that you can't get in the supermarket this is good if you need any specialized products you don't need to far to get them. The disadvantages of corner shops are they don't have a large variety of goods like a larger firm does. They also don't have facilities like a car park or toilets and you can't pay by credit cards so if you don't have any cash you wouldn't be able to use a smaller firm. The prices of their goods are higher in price than in supermarkets. From the result of my questionnaire I have found out that: People prefer to go to the supermarket. People go to the supermarket for the value of the products The main advantage of a corner shop is the distance you have to travel. The disadvantage of a corner shop is the price of products. The disadvantage of a supermarket is the distance you have to travel. ?? ?? ?? ?? Jordan Lawrence ...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 Economy & Economics 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 Economy & Economics essays

  1. Critically evaluate the perceived competitive starategies of the five clothing retail outlets, namely Edgars, ...

    It is an emerging market with deep socioeconomic needs, but with sectors that already have emerged into the global economy. Analysts say it is important for South Africa to invest in Africa, especially southern Africa, to strengthen its natural export markets.

  2. PEST and competitive analysis facing by confectionery organisations

    The Nestl� culture Apart from its commitment to safety and quality and its respect for diversity, Nestl� is committed to a number of cultural values. These values come partly from its Swiss roots and have been developed during its history.

  1. Assess whether a tuck shop is likely to be a successful business if it ...

    In my final questionnaire (Appendix2), I introduced into my questionnaire quantitive research so that I could use it in my calculations, vu also the qualitative research by which I would get the consumer opinion. When I compared the questions from both the questionnaires I found that the first one mainly

  2. Case Study: The Home Depot

    Occasionally, the corporate strategy follows a Stability / Short-term / Pause strategy to digest their rapid growth. From 1978 to 1983, The Home Depot grew from an idea to a nationally recognized leader in the do-it-yourself industry. Home Depot's CEO Bernard Marcus believed the only restraint The Home Depot faced was its inability to quickly recruit and train new staff.

  1. Competitive Advantage & developing a Competitive Advantage over rivals.

    There are a few producers and many buyers, the action of one producer will affect the influences of other producers and vice versa. They can't dictate price and availability like a monopoly can, they often turn into friendly competitors, since it is in all the members' interest to maintain a

  2. Why do some small Firms Grow in size?

    be sold during a peak, and buses can be sold during a recession, thus protecting itself against a fluctuating economy. Equally, a small firm may want to go into the production of a good which is complementary to its primary good, this would also require a growth in the firm's size.

  1. Australia has had one of the strongest economies in the world in recent years, ...

    (Alcorn, 2003) 3.1 Economic Growth Economic growth can be defined as the sustained increase in the productive capacity of an economy, usually indicated by the increased availability of goods and services in an economy (Alcorn, 2003). Technically, as an economy's labour force grows in size, a change relative to that growth should be mirrored in the economy's economic growth.

  2. Transition Economies

    Statistics do not reflect quality differences. These numbers show the economic disaster that resulted from centrally planning economies. Of course, the human suffering, which this approach produced, is unimaginably worse than can ever be conveyed by statistics In command planned economies all people are suppose to work and act for the common good and not from self-interest.

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