Other
UNIT 1 - The Business Environment - Controlled Assessment 2
- Institution
- PEARSON (PEARSON)
UNIT 1 - The Business Environment - Controlled Assessment 2
[Show more]
Seller
Follow
Content preview
In recession the demand and the supply is going to decrease due to the lack of disposable salaries that the customers will have, this means that thecustomers of Greggs are going to decrease in spending on the products that are going to be expensive for them and they are going to be price
sensitive this means that they will switch to the cheaper substitutes, customers of Greggs are going to be likely to decrease to purchase products
and make essential and the correct decision and they are only going to buy anything if they need it. This means that if customers will not purchase
products from Greggs, they are likely to not make any profit and progress in financial state and this means that they are going to be selling products
at a decreased price that will make some profit for the organisation.
F. Explain how the level of GDP would be affected during a recession and how this would impact your selected organisation.
The GDP level falls during the recession this is because the overall income of the employees in the country they have a decreased income this means
that the customers will not buy as much in Greggs and this lowers the confidence of Greggs, and this means that Greggs are going to be investing
and expanding less, this means also that the demand, productivity and supply is going to decrease. This means that the customers are going to buy
less goods from Greggs and they will go for the cheaper substitutes.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Letsdoit. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now