Friday, 23 January 2009

Sector Trends

'If demand for a type of goods falls, this always affects every business involved in that activity'
Is this statment true or false?
Give one reason for your answer

9 comments:

  1. This statement will be false because not every business sells just one product, also it depends on how much of the product the business wants, so while there may be some businesses that will be affected from this not all of them will.

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  2. This is true because if the cadbury chocolate didnt get sold then the people making the chocolate would have to eb te made redundant as they dont need as many people to make them then the people who are picking the coco beans would have be reduced which then means people will lose their jobs.

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  3. *Craig*Mullarkey*25 January 2009 at 14:16

    TRUE !!!!!!!!
    My opinion is swayed in the is way because my mind is telling me that:... If the supliee feels that they no longer require this product or item then the suplior will lose their business due to a mass reduction in their sales. This would lead to this sector of a business without capial and they would have to make some of their staff redundant and would increase the unemployment rate. This would affect every business in this involved in this activity because there is no more demand for this particular product so all the firms that produce this product will no longer be required from those who want to buy it. In conclusion true !!?!

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  4. I think the statement is true because if people stop buying a type of good then the company would no be able to afford to make the product anymore so therefore the production would have to stop.
    If the customers stop buying a product that is in popular demand then this will lead to all the other business' coming to a stand still as they will have nothing to do as that product is not being manufactured anymore, some of them may come to a stand still until the buisness thinks of another product to make that they think will sell successfully if they do not have any more products that they deal with.

    Jessica L

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  5. this is true because every stakeholders in same way will be affected eg. managers less money, customers less of that product being made, suppliers less materials needed.

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  6. i would say that this statement is false because not every business would be affected. Only some of the businesses will be affected because some will sell it cheaper. Whereas other businesses will sell it at a higher value in order to make a higher profit. Therefore, the people who sell the product the cheapest will attract more customers than the businesses that are selling it at a higher price. This is because the customers tend to recieve good quality products at cheaper values of money.

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  7. i would say that this statement is false because not every business would be affected. Only some of the businesses will be affected because some will sell it cheaper. Whereas other businesses will sell it at a higher value in order to make a higher profit. Therefore, the people who sell the product the cheapest will attract more customers than the businesses that are selling it at a higher price. This is because the customers tend to recieve good quality products at cheaper values of money.

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  8. i would say that this statement is false because not every business would be affected. Only some of the businesses will be affected because some will sell it cheaper. Whereas other businesses will sell it at a higher value in order to make a higher profit. Therefore, the people who sell the product the cheapest will attract more customers than the businesses that are selling it at a higher price. This is because the customers tend to recieve good quality products at cheaper values of money.

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  9. This statement is true because some business depend upon the success of a single product. For example if the supply of Hovis bread dwindled then Hovis would have to make people redundant and also close down many factories. This would increase unemployment and also lower the prfits of Hovis as a company. Als reputation would be affected.

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