Business and Economics

Task1 Using your business, describe how the changes in the current economical modality get out fall upon how your business operates. For this assignment I keep decided to use rump Lewis as my business. The John Lewis Partnerships 69,000 Partners feature the leading UK retail businesses. This means that profits and benefits created by their winner atomic number 18 sh atomic number 18d by all our Partners. The periodic gross sales agreements figures in 2007-08 is 3.3% in 2006-07 was9.1 By smell at the sale figures I can say that economic climate is accept my business. Percentage are lower than 2006-07, the tenableness why im maxim this is because flock cant afford to deal dearly-won c good dealhes, because its getting expensive to live, prices going up for e.g. words vans that gets clothes into the unwrap give cost much because go down on cost more now, so clothes prices gone up as well. withal absorb rates gone up so good deal are extending slight specie. So it leave ask the business a lot because concourse will be looking for cheaper prices. So they skill involve to go to the for e.g. in the altogether Look because they are selling prices at the cheaper prices. Also it could motivate the staff as well because if people will choose to go to a nonher shop instead John Lewis they will loose their customers in addition they will non make all profit, and if they are not make any profit it will usurp their income.

Also if the businesses are renting the property, they will not have enough money to pay the rent. Water and electricity rates gone up so it will affect the cash flow a lot because people will spe nd more on bills. Also it will affect the pe! ople who has mortgage or loan to pay back, because interest rates gone up people are paying(a) more now. So probably people will not have enough money to spend on expensive products so it will have a big affect on John Lewis because its quite expensive shop. manipulation rates there is no jiogs in boston so people will have to travel, or move to another area, because petrol pprices gone...If you want to get a full essay, order it on our website: OrderEssay.net

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