Application of Equality & Diversity Law
10 Pages2606 Words268 Views
Added on 2020-10-22
Application of Equality & Diversity Law
Added on 2020-10-22
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5 TASKS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1TASK 2............................................................................................................................................2TASK 3............................................................................................................................................3TASK 4............................................................................................................................................4Application of Equality & Diversity Law in selecting employees............................................4Rights available to new employees.............................................................................................4TASK 5............................................................................................................................................5Assets, Liabilities, Expenses & Gain in Business.......................................................................5Preparation of budget which resolve cash flow problems..........................................................5REFERENCES................................................................................................................................7
INTRODUCTIONTASK 1 The best industry to start a new business is Food & Beverages Industry. Because, demandof food & beverages are high in United Kingdom and demand of bakery products is also showingan increasing trend in Food & beverages Industry. Thus, it is a good idea to establish a Wafflebusiness in London. So, “The Bake Waffles” is a new business related to Foods & BeveragesIndustry and it is located at Blooms-berry Farmers Market, London, UK. The target populationof this business are children's, youngsters & students and it is also found that Blooms-beery ismost popular place of London recognised for tasty meal. Students loves to explore this market &they like waffles the most thus, it is a good target for start-up. For operating this new business aninvestment of £ 20,000 is made (Rezitis, and Kalantzi.2016). This business also operate itstemporary business at Food-fair & Farmer's market which is beneficial for company to expandits brand image and for increasing its customer base.Business Model of “The Bake Waffles” depends on target customers, demand, businessprocess & resources, marketing strategies and competitors. As target customers are students &youngsters because it is Instagram-friendly food thus, youngsters are preferring it more. Forestablishing Waffle business operator need to purchase a premise at area preferred & a license isalso needed for that. After that Interior designs are the most important factor which attractscustomers “The Bake Waffles” uses recycled products for designing its store which alsominimises cost. “The Bake Waffles” offers different types of waffles and it divides it products in differentcategories such as classic flavours, European Flavours and timeless flavours. European Flavoursincludes fruit compotes, peanut butter and cheese cream whereas Classic flavours includesmaple, chocolate & honey syrup. Focus of company is to offer unique products and it producesits goods according to UK standards. Best offering of “The Bake Waffles” is Naked Nutellabecause it is most likes by youngsters and Waffles Sandwiches (Phillipov. 2016).Competition in this area is increasing day by day due to increase in demand of bakeryproducts, beside that there is huge scope so, there is no threat of competitors. Current plan of“The Bake Waffles” is to earn 5% profit in 1st year of its investment which is £ 20,000. Companyuse social media sites to promote its business like Instagram, Facebook & Twitter because thissites are most used by youngsters which are target customers of company. 1
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