business studies research a business

patronage Studies Assessment task Incorporating a Business visualize jump 1 Oral Presentation Bernie Chan 1)The stemma mark and contact expand for the stage demarcation including telephone, fax, address, email or website. Business name: Mr. Jeanss menswear Phone number: 93180311 Fax issuing: 92810033 Address: 143 Redfern St. Redfern NSW 2016 e-mail: kchan1964@hotmail.com 2)The owners of the headache Kevin Chan 3)Prime function of the business To tolerate income for the business owner by hoping to attain profit from the gross revenue of mens clothing 4)The example of business endeavour Sole trader; there is one owner that is creditworthy for finance, employment issues, node relations, stock management, etc. 5)Industrial domain the business is operating in The business is operating in the native sector. The business purchases stock from various manufacturers and wholesalers to sell to the public. 6)Current challenges confront the busi ness Current problems that be confront the business is the locomote Australian dollar bill and the economic quoin that the country is experiencing. The mass of the businesss stock is imported from overseas.

Falling Australian dollar means that stock will cost much to import, thusly results to a decline in profit and the simplification in the quantity and quality of products that the business can afford. The recession that Australia is facing is lowering consumers spending as many another(prenominal) are afraid of losing their job in the future, and is focused on deliver their income rather than spending. As the items that this business sells is no! t ingrained to option and falls under the motivations category, consumers are more indecisive in their spending, which ultimately results in a loss of lolly as well. 7)At what put of the business life cycle is this business in? This business is in its maturity stage; as the business has been running for 6 years, has accumulated a level of customer loyalty and has a reasonably steady...If you want to get a full essay, order it on our website: BestEssayCheap.com

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