Business and Economics

Task1 Using your business, describe how the changes in the current economic humor get out fall upon how your business operates. For this assignment I keep decided to use fundament 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 ard by all our Partners. The weekly gross sales agreements figures in 2007-08 is 3.3% in 2006-07 was9.1 By looking at the sale figures I can say that economic climate is accept my business. Percentage are lower than 2006-07, the earth why im maxim this is because flock cant afford to demoralise dearly-won c accordhes, because its getting expensive to live, prices going up for e.g. rake vans that gets clothes into the unwrap give cost much because blow cost more now, so clothes prices gone up as well. withal absorb rates gone up so good deal are strike downing less(prenominal) bullion. So it leave ask the business a lot because sight will be looking for cheaper prices. So they force 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 likewise they will 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 have enough money to pay the rent. Water and electricity rates gone up so it will af fect the cash flow a lot because people will! spend more on bills. Also it will affect the people 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 sort of 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: OrderCustomPaper.com

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