How business will operate
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Added on 2020-10-23
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CASE STUDY MAIN BODY1 TASK 11 Summarising how business will operate1 Name of business 2 Deciding visual identity 2 Creating values for promoting business 2 TASK 22 Conducting market research to help develop business2 TASK 34 Ethical business dilemmas faced by companies 4 TASK 45 Complying with Equality and Diversity law when selecting candidates 5 Rights of new employees5 TASK 55 Describing business assets, liabilities, expenses and gains5 Providing how business will avoid cash flow problems 7 REFERENCE
How business will operate
Added on 2020-10-23
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CASE STUDY
Table of ContentsMAIN BODY...................................................................................................................................1TASK 1............................................................................................................................................1Summarising how business will operate.....................................................................................1Name of business........................................................................................................................2Deciding visual identity..............................................................................................................2Creating values for promoting business......................................................................................2TASK 2............................................................................................................................................2Conducting market research to help develop business...............................................................2TASK 3............................................................................................................................................4Ethical business dilemmas faced by companies..........................................................................4TASK 4............................................................................................................................................5Complying with Equality and Diversity law when selecting candidates....................................5Rights of new employees............................................................................................................5TASK 5............................................................................................................................................5Describing business assets, liabilities, expenses and gains.........................................................5Providing how business will avoid cash flow problems.............................................................7REFERENCES................................................................................................................................9
MAIN BODYTASK 1Summarising how business will operateIndustry-The car and auto repair industry of UK have effectively picked up a good pace inmaximising profits in the best manner possible. The industry offers essential and non-essentialauto repair services to commercial and private customers quite effectually. Registered cars areincreased as new car sales have considerably maximised. Reduction in oil prices have supportedmore sales growth of automobiles (Motor Vehicle Maintenance & Repair - UK Market ResearchReport. 2018). It can be analysed that industry in 2018-19 is projected to increase at 3.3 % and toreach £27.5 billion with yearly rise of 3.7 %.Location-The location of UK Car Repairs will be London, UK which will attract customers aslocation is within the reach of customers. Location of store is quite useful as people would easilyreach for availing services as London is major city of UK. People will avail services ataffordable charges leading to maximisation in satisfaction level.Target Customers-The target customers of UK Car Repairs will be both commercial and private customers.They will be provided with effective and reliable services at affordable cost. The targetcustomers will be transport companies, school transportation system and individuals, thuscollectively, private and commercial clients will be targeted for availing services.Business Model-Business model being adopted by firm is Pay-as-you-go which means that customers willbe provided services and they will be imparted with bills, need to be paid after availing services(Pakroo, 2018). This model will enhance liquidity of business as cash flow problems will beeased in a better manner. Moreover, UK Car Repairs will also provide credit facilities so thatcredit customers are not dissatisfied.1
Name of businessUK Car Repairs is the name of business start-up that will operate car mechanics shop inLondon by repairing cars and automobiles of customers. The business will be able to attain goodgrowth since its inception as sales growth of cars have been increased up to a major extent. Thismakes the market suitable for the firm so as to accomplish desired profits by providing qualityrepairs services in effective manner. The firm will provide repair services of automobiles and isone of the fastest growing industry that would be beneficial for firm in attaining good quantumof profits within few years of operations.Deciding visual identityThe logo of the store has been made clearly indicating automotive repair services will beprovided to customers. This will be beneficial for the customers as higher prices charged byrivalries leads to dissatisfaction but they have to pay price for repairing cars as it becomeessential services (Hafner, O'mara and Williamson, 2017). This will be resolved by UK CarRepairs as it will provide superior quality services within the reach of each and every customersbe it private or commercial ones. Hence, adequate services will be made available by thebusiness for enhancing satisfaction level.Creating values for promoting businessThe values that will be created by UK Car Repairs for promoting business will be social,environmental and equality. This is evident that for attaining desired growth in the market,quality services are required which will be imparted by repairs engineers and technicianspromoting social value. Workforce will be committed to offer services in ethical manner tocustomers. On the other hand, environmental value is extremely important for keeping in mind asharmful gases leads to destroy nature (Cohen, 2017). For eradicating this, Eco-friendly tools willbe used and store would be promoted. Equality is major one of all values as makingdiscrimination among male and female will certainly reduce workforce to provide reliableservices. Thus, equal pays will be offered to employees on grounds on position in store.TASK 2Conducting market research to help develop businessPrimary Research-2
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