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

How Business Works

Extracts from this document...

Introduction

GNVQ

How Business Works

For task one of my How Business Works assignment I am going to take the car manufacture Ford. For task one I will have to discuss and explain the history, aim, objectives and activities of Ford.

  • 1903 and the car manufacture Henry Ford Incorporated was established this company is now known as Ford they sold their first car a Model A to a dentist in Chicago.
  • 1908 Henry Ford introduces the Model T which was very popular.
  • 1913 the company began to trade overseas and Ford invented the assembly. The assembly which is used everywhere today.  
  • 1922 the company is now doing extremely well and the Ford Company decides to buy Lincoln Motor Company.
  • In 1942 Henry Ford halts the out put of civilian cars because of world war two and shifts to military production.
  • 1947 and Henry Ford dies in his estate in Michigan but the company does not die with him but develops into one of the worlds largest car manufactures and operates globally. Ford also now developed or has taken over (Lincoln, Mercury, Mazda, Volvo, Jaguar, land rover and Aston martin.)
...read more.

Middle

Another aim for Ford would be that its other branches and labels would do well. Ford is over seven different companies (Lincoln, Mercury, Mazda, Volvo, Jaguar, land rover and Aston martin.)

Most of these companies were set up because the British people didn’t want to buy for as it was thought of as a cheap unreliable car so they set up names like jaguar and man it to an exclusive and expensive name of car which only the rich and famous could afford. Which boosted the profits of the company but there was no realy any difference with the ford and jaguar the only difference was the outer shell of them as the engines and part were nearly the same.

Fords Objectives

An objective is something that helps you achieve an aim or goal and if one of your aims were to have a good attendance record for a year then your objective would be to attend 90% of your school days.

...read more.

Conclusion

Tertiary sector

The tertiary sector call also is found under the service sector. This sector is split into four different sections.

  • Public services: These are personal services
  • Financial and business service: including Banks, Insurance.
  • Transport and communication: haulage, bus and train providers, radio.
  • Retailing, Distribution: Ford  would use both of these areas a lot as ford has its own show rooms and shops and also it has its own delivery lorries.

Fords activities would be:

  • Research and design.
  • Put it into production.
  • Record it and make sure there are no faults.
  • Advertise make it public knowledge and put into its show rooms.
  • Sell the product and make sure the customer is happy.
  • Go back to the drawing board and start again.

Mission statement

  • Our Vision - To become the world's leading consumer company for automotive products and services
  • Our Mission – We are a global, diverse family with a proud heritage passionately committed to providing outstanding products and services that improve people's lives.
  • Our Values – The customer is Job 1. We do the right thing for our customers, our people, our environment and our society. By improving everything we do, we provide superior returns to our shareholders.


...read more.

This student written piece of work is one of many that can be found in our GCSE Gary's (and other) Car Sales 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 Gary's (and other) Car Sales essays

  1. Used Cards - find which factors will influence the price of a second hand ...

    Fords Mercedes I have selected prices at about 10000, and clearly you can see that the mileage of the Mercedes is nearly 4 times as more as Fords, and the price is still slightly more expensive than ford. From this we can see how much the make affects the price of a car.

  2. Legal and Ethical Analysis of Ford Pinto

    Ford's goal should not have been a race to make the most affordable subcompact car. Instead, it should have been to make the most affordable but safest subcompact. IV. ETHICAL ALTERNATIVES A 1971 internal engineering study determined that a $5.80 "rubber bladder" could significantly improve fuel system safety, although there

  1. Used second hand cars

    But because we can see that the car which is ten years old has a lower price than the cars aged 1, 2, and 4 and so on. To make sure that I get an accurate figure of how the price depreciates per year, I have found out the percentage depreciation.

  2. Factors affecting price of Used Car

    They seem to have a strong common relation. My predictions are that they will have a good positive correlation. Uses of my results The equation of the line of best fit can help me predict second hand price if age/mileage is known. Any of the results can be used by car dealers.

  1. Maths coursework - car prices

    However the line of best fit shows that there is a negative correlation, meaning that as the mileage increases the price of the car also decreases. Based on the information shown on graph 2 I predict as the mileage of the car increases by miles, the price of the car

  2. Henry Ford

    The driver of Ford's car was Barney Oldfield who beat Alexander by only a few seconds. Later, in January of 1904, Ford drove his "999" to a world's record of 39.4 seconds in a mile over the ice of Lake St.

  1. Mathematics course work

    and when the age is high (11) the price is low (�3995) so the conclusion for this is that the lower the age the higher the price of the car and the higher the age the lower the price of the car. The graph matches my hypothesis, which I was right.

  2. Ford Motor Company

    The majority of their strengths seem to focus on their heritage or their reputation, rather than material or financial strengths, such as efficient manufacturing or high profit margins. Aside from the success of Ford Credit, this hints at an alarming lack of quality manufacturing within the group.

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