Unit 1 P4 Business

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Task 1 P1 Bert’s fish and chip shop is a local sole trader – as there is only one of “Bert’s fish and chips” in the local area - which is in the private sector. Bert’s fish and chips is a sole trader therefore is only owned by one person and is a small business which usually only has one store. The owner puts in their own money or loans to set up the business, which is easy to set up. The purpose of this company is to sell freshly cooked food to the public for as much profit as they can get, also they have a delivery service to deliver the food to your house, and therefore they are supplying a product and a service. The main implication of Bert’s fish and chips is it has unlimited liability which means if the company was to go into…show more content…
* Make tasty food to satisfy the customer so the customer will return to the shop and recommend us to the people they know. * Increase the price of products within the next 5 months * Try and find a cheaper supplier within the next 5 months * To expand * Save a part of the profit which has been made in order to open a new store within 6 months * Look for a bigger store which you could possibly buy within 5months * Move into a bigger store within a…show more content…
The local government will influence the opening of the store as if the government does not agree with letting the shop open, it will not succeed. Also if the business is causing litter problems and there have been complaints off it from customers then they could tell them about it however they would not have the power to shut the business down or affect profit maximisation therefore it won’t influence the business a great amount. The national government will only influence the business by setting standard, in which the company must for-fill, such as, hygiene, health and safety, quality of food, etc.. and if the business does not reach these standards the store could be closed. In some ways this could affect the profit maximisation of the business as training would need to be required to the staff for health and safety, although this would not affect it too much. If the company wanted to keep the customers satisfied they would exceed these standards anyway therefore the government is not a great

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