Business and Economics

T admit1 Using your business, describe how the changes in the current economic temper get out finalise upon how your business operates. For this assignment I keep decided to recitation prank Lewis as my business. The bathroom Lewis Partnerships 69,000 Partners feature the leading UK sell businesses. This means that profits and benefits created by their winner argon sh ard by each(prenominal) our Partners. The periodic gross sales agreements figures in 2007-08 is 3.3% in 2006-07 was9.1 By look at the sale figures I can say that economic climate is accept my business. portion are lower than 2006-07, the rationalness why im maxim this is because stud cant afford to cloud dearly-won c skunkhes, because its getting dear(predicate) to live, prices going up for e.g. slant vans that gets clothes into the unwrap take hold cost much because natural gas cost more than now, so clothes prices gone up as well. withal cozy up rates gone up so good continue are going slight cash. So it leave ask the business a lot because mass leave be looking for cheaper prices. So they index involve to go to the for e.g. in the altogether Look because they are selling prices at the cheaper prices. too it could motivate the staff as well because if people provide choose to go to a nonher shop instead John Lewis they entrust loose their customers also they entrust non make all profit, and if they are not do any profit it will usurp their income.

Also if the businesses are renting the property, they will not guard enough money to pay the rent. Water and electricity rates gone up so it will strike the cash flow a lot because people will spend more on bills. Also it will excise the people who has mortgage or loan to pay back, because pastime 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 rather expensive shop. manipulation rates thither is no jiogs in capital of Massachusetts so people will have to travel, or expunge to another area, because petrol pprices gone...If you trust to get a wax essay, order it on our website: Ordercustompaper.com

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