business studies unit 1 Essay

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Title
Information Needed
Sources of information/Where from?
How I will use the information?
Gather Research by?(DATE)
Completed? Further notes?
Decide on which two businesses.
Morrison’s and yasins’ slick n style barber shop
Internet
Employees
Leaflets
customers
I will use the information to find out if the business is doing well economically.
22/02/2012
24/02/2012
Reasons for choosing the two businesses
I chose the businesses because i go to both of them very often and I know what they sell and how the co-operate. I also have a family member working in my national business which can make it easier for me to get information about the business.
I have chosen my yasin’s slick and style because the postcode of my local store is in E6 which is on the same road as me and I walk past the business every day. My national business is located all over England it is located in London and Leeds
Internet
Meeting the owner
Talking to the employees and customers
Leaflets
I will use the information to gather research about the business and how much money it makes every day.
22/02/2012
24/02/2012
Aims of my chosen businesses
Morrison’s: to provide quality goods and services
To all customers.
To meet its profit every day.
Yasin’s slick and style: to provide customers with good and quality haircuts, to reach its target and exceeding its profit every day the store is opened.
Internet
Talking to the owner of the store
Talking to employees that work in the store
Looking at the store handbook.
I will use this information to to help me describe and explain the aims of both businesses, and consider to what extent the aims of the businesses are being met.
22/02/2012
24/02/2012
Objectives
Employee handbook to see the objectives of the stores and the application form can tell the objectives of the store.
Talking to the managers
Talking to employees
I will see how my business has set their target and what they need to reach their target.
22/02/2012
24/02/2012
Purpose and activities of the businesses I have chosen Morrison’s PLC: sell goods and services, they have a petrol station, they have pharmacies in the store, and the store also has a dry cleaning department inside the stores.
Internet
Talking to employees
Visiting the stores

I will see how well my business is doing and how much income the business receiving.
22/02/2012
24/02/2012
Main Competitors in the industry
Market share figures
Talking to the owner and the employees
I will see how well my business is competing
22/02/2012
24/02/2012
Trading Ethically
Leaflets from the stores and online, handbook to see how the business trades.
Internet Talking to employees and owners
With this information I can answer how the businesses trade in an ethical manner.
22/02/2012
24/02/2012

Choice of Businesses
I have chosen two businesses one of these businesses is local and one is national, the two I have chosen is Morrison’s PLC (national business) and the other business I have chosen is Yasin’s slick n style (local). The reason I have chosen Yasin’s slick n style because the postcode of the barber shop is E6 3JX which is on the same road as me and is only walking distance from me. Have also chosen Yasin’s slick n style because I attend it every time I get a haircut which means I know the owner very well and know the employees in the business. I chose Yasin’s slick n style because it is a small business which has only 2 employees and it is also a sole trader. The reason I have chosen my national business is because it is a public limited company which makes it easier for me to access their share prices and annual report. I have also chosen Morrison’s because it is a national and is located in more than two cities including London and Leeds. I have also chosen Morrison’s PLC because I have family members that work in the store which would make it easier for me to get information because I can ask my
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