business studies research a business

Business Studies Assessment task Incorporating a Business Plan

jump 1 Oral Presentation

Bernie Chan
1)The business name and contact expand for the business including telephone, fax, address, email or website.
Business name: Mr. Jeanss menswear
Phone number: 93180311
Fax Number: 92810033
Address: 143 Redfern St. Redfern NSW 2016
e-mail: kchan1964@hotmail.com
2)The owners of the business
Kevin Chan
3)Prime function of the business
To provide income for the business owner by hoping to attain profit from the sales of mens clothing
4)The example of business enterprise
Sole trader; there is one owner that is responsible for finance, employment issues, customer relations, stock management, etc.
5)Industrial domain the business is operating in
The business is operating in the primeval sector. The business purchases stock from various manufacturers and wholesalers to sell to the public.


6)Current challenges confront the business
Current problems that are facing the business is the locomote Australian dollar and the economic quoin that the country is experiencing.
The mass of the businesss stock is imported from overseas.



Falling Australian dollar means that stock will cost much to import, therefore results to a decline in profit and the simplification in the quantity and quality of products that the business can afford.
The recession that Australia is facing is lowering consumers spending as many another(prenominal) are afraid of losing their job in the future, and is focused on saving their income rather than spending. As the items that this business sells is not ingrained to survival and falls under the motivations category, consumers are more indecisive in their spending, which ultimately results in a loss of lolly as well.

7)At what put of the business life cycle is this business in?
This business is in its maturity stage; as the business has been running for 6 years, has accumulated a level of customer loyalty and has a reasonably steady...If you want to get a full essay, order it on our website: Ordercustompaper.com



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