Effects of a New Store On The Community
When the new store opens it might have an effect on the community.
This effect could be a benefit or a cost to the community.
Benefits - 1) When the new store opens, they will have to pay rates to
the council for such things as rent. These rates might be used by the
local council to improve the local services. The local services that
could be improved include education, NHS and other council funded
services.
2) As well as this, when the store opens and customers start to visit
the store, the local economy will benefit. The local economy will
benefit because the new store will bring in money for people who have
jobs in the new store. It will also benefit because the new store will
bring in customers for other shops, so these shops will benefit from
this.
3) When the new store is been built, the building work will help to
benefit the community. It will benefit the community because after the
building work is complete the building will be modern. This helps to
improve the infrastructure of the town.
4) Another way the new store will help to benefit the community is
that it will bring more competition between other mobile phone stores.
This will help the community because it means all of the mobile phone
stores will be competing against each other to win the customers. When
they are competing against each other they will lower their prices to
win customers, so there will be a price war between the shops and the
community will benefit.
Other ways the community could benefit from this new store opening
are: there will be a wider range of goods in the shops, there will be
new jobs available and it will increase the reputation of the town.
Costs - 1) When a new store opens it can lead to prices of rent
becoming higher. Sometimes the prices rise so much local business' can
close down because they cannot afford these costs.
They also have an in-store reasonably priced restaurant to get customers to stay there longer.
1.To increase prices according to 4th scenario (total line price increase by 5%) and from short-term revenues income use resources for advertising.
will have to make sure that they get enough profit to be able to open
o Pay $200,000 up front for development fees and franchise fees for the first five stores
Some examples of the internal weaknesses of Gator Town is that some merchandise and clothing can be too expensive for students who are unemployed or earn minimum wage. This can only leave those students to purchase only the snacks and drinks that are inexpensive. Additionally, not many people can go into Gator Town at the same time. That is because the size of the store is too small. This is another internal weakness because if over 10 students are in the store at the same time, it will get overcrowded. The top three external opportunities are the opportunity to incorporate a website for the store, advertise, and extend the variety of clothes by adding sweatshirts. Almost all businesses today such as Nike and Kohl's have a store website where customers can look to shop, find informations, and provides additional avenues for sales. Since Gator Town currently does not have a store website, it would be a big opportunity if the store incorporate one. This will allow students to find informations such as school hours and look at the merchandises online. Having an online website is very beneficial because the internet has become a key resource
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This increase in demand leads to an increase in the cost of rents in the
The first priority is to decide which store to purchase and their lower priority whether to invest the two million up front to renovate the stores or to operate the store as is.
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