The Impact of Resident Population and Age on Corby Businesses

The Impact of Resident Population and Age on Corby Businesses

Length: 910 words (2.6 double-spaced pages)

Rating: Excellent

Open Document

Essay Preview

More ↓
The Impact of Resident Population and Age on Corby Businesses

The resident population of Corby is 53,174, of which only 22.6% are
under the legal working age. This means there is a good labour supply
for businesses in Corby. Over half of the population is made up of
people from ages 16 – 59 which means there will be a lot of people
looking for jobs and the company can provide this. But this may also
mean people need training as they may have just come out of school and
have no skills yet or they may have skills that are outdated and need
re-training to use new technology such as computers. This will
increase the overheads of businesses in Corby meaning they will have
less money to spend on expanding or developing new products.

Only 5.3% of the population is made up of 16-19 year olds which means
that business will have trouble finding younger, part-time or
‘Saturday job’ employees. As there is a minimum wage for people of age
18 and over this means that the business will be paying out more money
in wages if they employ older staff.

The main age groups in the population are 16 and under which makes up
22.6% of the population and 30-59 year olds which makes up 42.4% of
the population. This means businesses should concentrate on aiming the
majority of their products at these two age groups. But those aged 16
and under do not have a lot of money to spend so the business will not
be getting a significant income from them, so may have to spend money
on advertising and promotion to persuade those from the smaller
percentage age groups to shop and purchase items from Corby shops.

b) Economic Activity

63.6% of the Corby population are employed as well as 2% who are
economically active students. This means a large percentage of 34.4%
are unemployed, retired or permanently disabled. This means this
percentage will have less disposable income to spend on products and
services that Corby businesses offer and the businesses will not make

How to Cite this Page

MLA Citation:
"The Impact of Resident Population and Age on Corby Businesses." 17 Jul 2018

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Diversity and its Impact on Communities and Businesses

- ... When she turned four, she asked her mother if she could start a lemonade stand to raise money for the doctors so they could help other children diagnosed with cancer. Her first lemonade stand raised $2,000 and four years later just before her death she raised over 1 million dollars. The ALSF (Alex’s Lemonade Stand Foundation) is an American pediatric cancer charity founded by Alexandra. Alex created a big impact on people, since she was diagnosed cancer it made her different from other people, it is not a bad thing because if she was not diagnosed with cancer the ALSF would have not existed....   [tags: influence, race, opportunity]

Research Papers
981 words (2.8 pages)

Essay on Regulations and the Impact on Compliance for Businesses

- Part of managing Information Risk for the enterprise is ensuring compliance with laws, regulations and following best practices and standards outlined by recognized professional organizations (Whitman & Mattord, 2011). This is a huge task for large enterprises, particularly for those businesses in industries that are highly regulated like insurance and financial services, energy, banking and pharmaceutical. Managing compliance to federal regulations is getting increasingly difficult. Since 1949, the number of pages of federal regulations has grown from 19,335 pages to 134,261 pages in 2005 (Perry, 2013)....   [tags: risk management,federal regulations,insurance]

Research Papers
1214 words (3.5 pages)

The Impact of Lowering the Drinking Age on State University Essay

- The legal drinking age in the United States will always be a point of contention. No one can settle upon a drinking age that everyone is in agreement with; should it be 18 or 21. Ages 18 and 21 are the most popular options, yet neither one has 100% of the vote. With the current legal drinking age in America standing at 21, meaning that people under the age of 21 cannot purchase or consume alcoholic food or beverages, there is the question of whether or not to lower it to 18 or 19 years old....   [tags: Pro Lower Legal Drinking Age]

Research Papers
4155 words (11.9 pages)

The Gilded Age and Large Businesses that Paved the Way Essay

- From the late 1800s to the early 1900s, the Gilded Age was a time of American inventions and innovation. As the work place transitioned from rural plantations to industrialized cities, specialized farmworkers stood no chance against a handful of powerful businessmen. A large majority of the socioeconomic power resided in the hands of large corporations, as they dominated the economy and its workers. In Makers, Takers, and Fakers, the author specifically targets Andrew Carnegie and John D. Rockefeller who monopolized the steel and oil industries, respectively....   [tags: Women, Industrialism, Immigration]

Research Papers
1443 words (4.1 pages)

Marketing Impact on Businesses Essay

- Environmental Factors Global and domestic marketing has expanded very rapidly during the last fifteen years in my organization. In the 90's when my company was in a climate of low economic growth, the company saw international markets as a potential vehicle for profit growth. Global and domestic marketing is becoming of ever-greater importance to more and more company and organizations around the world. However, global and domestic marketing is complex because overseas markets are usually different in significant ways from the home market because it is more difficult for managers to understand, and learn about markets in other countries....   [tags: Business Marketing Analysis]

Free Essays
845 words (2.4 pages)

The Impact Of E-Commerce On Small Businesses Essay

- Introduction: E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects. This research is looking at the small businesses, and its importance in the market and economy, EC and its benefits and limitation, and what impact has electronic commerce had on the businesses. Small Business: Definition: A small business may is a business with a small number of employees. The definition of "small business" often different by country and industry, but is generally under one 100 employees in the United States, while under 50 employees in the European Union....   [tags: Business Ecommerce]

Research Papers
1767 words (5 pages)

Exploring The Gilded Age Essay examples

- Exploring The Gilded Age From the period between the 1870’s through the 1890’s, it became an era known as the Gilded Age. The term was characterized by a famous American Literature author named Mark Twain. The writer tried to point out that the term means that while on the outside society may seem perfect and in order, underneath there is poverty, crime, corruption, and many other issues between American society’s rich and poor. This era’s gild is thicker than the cheaper material it’s covering....   [tags: History, Gilded Age]

Research Papers
1642 words (4.7 pages)

The Issue of Age Discrimination in America Essay

- The Issue of Age Discrimination in America The Equal Employment Opportunity Commission (EEOC) protects against age discrimination under Title VII. Specifically, the Age Discrimination in Employment Act (ADEA), which was passed in 1967 by congress, covers discrimination against employees who are 40 or more years old. This topic should be a big concern for employers, since the number of elderly workers is increasing as the baby boomer population matures. It is estimated that as many as twenty-percent of the claims filed with the EEOC are for age discrimination....   [tags: Age Discrimination Discriminate Equality Essays]

Research Papers
875 words (2.5 pages)

Essay on Schapelle Corby is Guilty

- “Your Honor I will commence my case today by stating the facts that will ascertain Schapelle Corby’s guilt. I have five compelling reasons why Schapelle Corby should be convicted.” “First. Shapelle’s prime witness, John ford. All evidence created by the witness was hearsay, unfounded information. He did not witness any of the facts behind his allegations. Just said what he had heard from other people. There was no actual proof that the drugs were planted in Shapelle Corby’s bag.” “Second. The marijuana that was found with Shapelle Corby was shaped in the same position as the body board in the bag....   [tags: Argumentative]

Free Essays
590 words (1.7 pages)

Essay about Impact Of Computers

- Introduction People have been using computers for hundreds of years: the abacus used by the ancient Chinese is actually a crude computer. Thus, the concept of using machines to do calculations is an old one. However, when we use the term "computer technology" we are thinking of the innovations of the last 20-30 years, and particularly the development of the microprocessor. It was this that made it possible for people like Bill Gates to develop machines that are small, portable, and affordable....   [tags: Healthcare Impact Technology Benefits]

Free Essays
957 words (2.7 pages)

as much profit as if these people were employed. This means that they
will have less money to spend on expanding and developing new products
and will not be able to employ more staff so the level of unemployment
will not improve.

Also in places where the level of unemployment is high, crime rates
also tend to be high so the businesses are at risk from crime which
may cost them a lot of money if anything gets stolen and they will
have to pay extra for security measures meaning overheads will

Over 4000 people are claiming Jobseekers Allowance or Income Support.
As there are quite a large number of these, employed people would have
to pay more tax to allow the government to provide this kind of
support and the employed people may have less disposable income,
meaning demand will fall and the business may have to lower prices to
motivate consumers. This means there will be less money coming into
the business and they may have trouble covering overheads.

Although over 30% of people are not working, only 4.2% are actually
unemployed meaning there aren’t that many people that the business can
recruit so they may have to recruit from outside of Corby. This will
increase overheads as they may have to pay for relocation and these
people may expect higher wages.

c) Students and Qualifications

Only 3.3% of the Corby population are still in full-time education
from the ages of 16-74. One one hand this means there are plenty of
staff for the businesses to recruit. On the other hand this means
there are not very many people going onto higher and further education
or getting useful qualifications so the business may have to train
people or recruit people from outside of Corby to do jobs that require
these qualifications. This will increase overheads and may cause
trouble for the business by disrupting the cashflow.

This also may decrease the amount of disposable income available as
the people in this percentage will not be earning much and may be
paying off student loans so can not afford the businesses products and
services so this may decrease demand slightly.

Nearly 40% of the population of Corby have no qualifications which is
an extremely high percentage. This means many people will not be
qualified for the jobs available so the business may have to provide
training which will increase overheads or recruit from elsewhere which
will have the same effect.

Only 8.5% of the population have qualified to degree level or above.
Although this would be good for businesses as they would have
qualified staff, people with degrees would expect to be paid a lot
more than people without them so they would have to pay a lot more out
on wages.

Although people that are recruited from within Corby that do not have
any qualifications will not expect a high rate of pay which means the
businesses overheads will still be relatively low and retained profit
may be higher allowing them to recruit more staff, expand or develop
new products.

d) Housing and Households

32.1% of households have no car or van which could cause problems for
the businesses as employees would have difficulty getting to work. The
business would have to provide transport for staff which would
increase overheads.

33.6% of the households in Corby have dependent children living in
them which means the parents in these houses will want a job to
provide for their children. This means that the business will have
motivated employees as they will want to make as much money as
possible. But as the money is being spent on necessities for them and
their children, such as food, water and clothes, they will have less
disposable income to spend on the businesses services so demand may
fall and the businesses may again have to lower prices.

28.2% of the population live alone in a house which means they will
have more disposable income as they will only have to pay for
necessities for themselves and can spend the rest as they please. As
this is quite a large percentage of the population this means the
business will have a noticeable increase in demand and profit meaning
they can expand or develop new products.

9.4% of the population are lone parents with dependent children which
means they may have trouble getting childcare for their children while
working. This means the business may have to provide childcare or this
percentage may be unable to work. This will either increase overheads
for the business or lower the amount of people they are able to
recruit again meaning they may have to recruit from outside Corby,
also increasing overheads.

Only 3.2% of the population have a house without central heating or
the sole use of a shower, bath and toilet. Although this is not a
great percentage, those who are in this percentage may not be very
motivated and the company may have to take measures to motivate them
which may cost money.
Return to