The primary customers of KR+H cabinetry are those who want to optimize the amount of useable space in their homes that stock cabinets cannot provide. The industry in 1992 was comprised of 61% stock cabinetry, and custom cabinets similar to those produced by KR+H comprised of only 20%. This is down from 26% in 1989 resultant from poor economic conditions between 1989 and 1992. KR+H uses a direct sale to consumer approach that only accounted for 2% of total industry sales. Industry sales by use of cabinet dealers and distributors contributed for 31% and 30% respectively.
• In 2011, the percentage of lone parent family children is higher than in 1996, and the percentage of ‘couple families’ children is lower than in 1996. This would suggest that there are more lone parent families in 2011 than there were in 1996. • The approximate ratio of ‘couple families’ children to ‘lone parent’ children in 1996 is 4:1, whereas in 2011 this is reduced to approximately 3:1. Word count: 157 Part B Consider two different types of household and, by using one example, describe how a decision made by government affects the flow of money between government and each of these households. Explain how this decision would also affect how money flows between these two different households and corporations.
PART A Question 1 1. A business name is simply a name or title under which a person or other legal entity may conduct its business. Under the Business Names Act 2002, if you choose a name for your business that is not your own name then you must register the name with NSW Fair Trading. For example, if your name is Reena Alisya and you are trading under ‘Reena Alisya’s Saloon’, registration of that name is compulsory. The Register of Business Names provides a means for finding out the details of the proprietors of a business in situations where the business is not trading under the proprietor’s name.
Hibbett comes in approx. $65.4 per item, whereas Dick’s comes in at approx. $70.3 per item. So what do these numbers tell us? Basically Hibbetts spends about $5 dollars less than Dick’s to produce their merchandise.
Questions 1. How does Murray’s overcome one of the most common limitations facing small companies, its nonexistent advertising budget? 2. What are some of the advantages of being a small business that Murray’s can ( or does) take advantage of? What disadvantages might it face as a small firm?
Information can be shared quickly and easily. Saves time and travel costs.Less bulky than paper records to store. The use of passwords limit access. | Lack of computer skills may restrict communication via computer. Record could be accidently deleted Security could be comprorised | Backing up work in case it is lost | The use of passwords limits access and maintain confidentiality.
Venture capital firms didn’t really exist before World War II. The first true firm founded was in 1946. The real help came in 1958 with the creation of the U.S. Small Business Administration. Venture Capitalists are a true help to small businesses that have no other means to start a business by getting loans or other financing. Without these firms, the business world would look a lot different and be run by the big and powerful businesses and no small businesses would be able to compete.
National business is a business which is located in the whole country. These types of business normally franchise this is means the governments allows the owner to sells their product or service. International business is a business which is located in more the one country. An example of this would be Tesco or McDonald’s because they’re both located in different countries such as America and England. Size and Scope of Business Small size and scope businesses are normally privately owned or sole traders this is because they have a small amount of employees which means they can’t afford to have more in a small shop.
Economic recession has some impact on the drop in sales. With less disposable money, the consumers not only tend to spend less money in purchasing goods, but also become more economical in using cleaning products, replenishing those products at a slower rate than they did before the recession. Besides the economic downturn, the competitive environment provides another impact on the sales. Since more and more private-label products are penetrating the cleaning market with a lower price, the branded products are losing their market share. What’s more, even among the branded products, CleanSpitze has a relatively high price, which makes situation worse.
One more reason for good earning was their concentration on a niche market which other market participants didn’t value enough. This issue maybe source of risk or source of return from time to time but it largely depends on the economic conditions. In my opinion, the economy was better at those times for the small operating firms that they served and they did not had so many losses for that time. In brief, good service, safer loan portfolio and the market that they operated in has an important effect on the earnings of the company. b) GNB has lower credit risk as compare to its competitors because its loan portfolio constitutes from largely small operating firms who can pay their liabilities with their cash flows and collaterals are mostly second source of financing the loan in the case of default.