Availability of Substitutes If a product or service has direct substitutes, customers may choose the cheaper option. If not, it can still influence heavily for example if a business wishes to introduce a delivery service, it may be more difficult than expected to do so without causing pollution. If the economy is in a recession or recovery where inflation is high, consumers will have less disposable income and confidence to use products and services and therefore expansion would not be a viable option for the short term. Registration Forgot your password? Existing cash is the most liquid as this is readily available. Take the Return and times by the discount factor given for each period 2.
It may be that there is a shortage of staff with specialist needs which would cause employers to seek these staff or spend money on training. Confusion over removal of driving licence counterpart. A facelift for CLM. A small bakery may want to set up a CCTV camera, but there would be no need for an MI5 level security system set-up as this would cost the bakery more than if they did get robbed. Do not repeat, summarise.
Regional — A business whom operates in a specified area. No cash please edexcel Dartford Crossing changes forever.
For example, the chance of having a sunny day in July may be estimated at 0. Economic Influences — The current state of the economy is a big factor on business strategies. Best practice Driver safety. Unlock standard edexcrl packages.
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On the other side, during a boom, staff will be motivated when targets are reached and sales are increasing. This can save costs of staff and split advertising costs. Manage study effectively to keep drivers on the road.
The negative of this point is that other customers may feel cheated, like when you purchase a product on the high street and then see it cheaper elsewhere… it could cause conflict.
Managers of Public Limited Companies can then publish the results to attract shareholders. Business Entity Planning Worksheet. It can also effect businesses in different industries as many businesses and suppliers can take advantage of technological advances that can improve efficiency.
Many Patents or Monopolistic Businesses. Liquidity — The ease and speed in which assets can be turned into cash. It may also benefit the environment and supplier if they get dispatched together. It may be that partner companies or contractors are asked to help. Advertising or life cycle extensions.
Federico analysis garcia lorca essay Reyerta The gift of the magi persuasive essay chicago essay format title page view Isaac: Existing cash is the most liquid as this is readily available. They will want to maximise profits and compare to competitor businesses in the same market.
The business can then charge a premium price and gain competitive advantage. If the economy is in a recession or recovery where inflation is high, consumers will have less disposable income and confidence to use products and services and therefore expansion would not be cwnter viable option for the short term.
They may get stressed over workload or complaints from quality control, causing demotivation. Challenges staff more, prevents staff being lazy and repetitive New staff can bring new skills into the business, particularly in international companies Positives of New Staff Staff can build a culture and may feel content — I.
Also the customer may take advantage of a lower prince in order to re-sell and make a profit themselves. Supermarkets buying milk from farmers.
This is parcx through efficiency and economies of scale. Business can use a model known as a Decision Tree which is like a flow chart that maps out potential outcomes from decisions. Also used to cover short-term debts. To make this website work, we log user data and share it with processors. Hydrogen fuel cells — the future? A contingency plan may be for an event, or for the business as a whole.
This can become risky because it is much easier for a business to develop its products moving forward than to find new customers moving wider. During a minor event, there’s probably no cehter no stop production. Must act as the spine or foundation during an event in order to keep employees feeling safe. Mission — A summary of the organisations purpose, values and goals.