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Principles of Business Sba

Satisfactory Essays

DESCRIPTION OF THE BUSINESS

Tile House Limited is a sole proprietor business.

They specialise in the distribution of tiles.

The main objectives of the organisation are to serve their customers with the best prices and products obtainable. They would also like to dominate the market and get rid of the existing competition and like every other business a main objective is to make a profit.

JUSTIFICATION OF LOCATION

Tile House Limited is located at Tumpuna Road Arima. It is located there because it is close to the main road and supplies are easily delivered. Infrastructural services exist such as roads, electricity etc. It is also close to the consumer, large enough for the business and is close to hard wares which are …show more content…

TYPE OF PRODUCTION

The business is tertiary production since it deals with retail trade.

Tertiary production deals with the distribution of goods to the consumers.

LEVELS OF PRODUCTION

The level of production is Domestic production because it uses local input that is land, labour, capital and enterprise.

QUALITY CONTROL MEASURES

Some quality control measures that the business adheres to are to ensure that the product is not torn or tampered with in any way and after sales services all complaints are treated with the utmost urgency.

USE OF TECHNOLOGY

Air Conditioned Unit – this is used to cool down the employees so that they will be comfortable in their working area and will be able to work more efficiently.

Computer – this is used to prepare documents such as invoices, pro-forma invoices, estimate sheets etc.

LINKAGES

The type of linkage is backward linkage because Tile House Limited depends on other businesses for their products and services.

Linkage provides increased employment and an improved standard of living.

POTENTIAL FOR GROWTH

Internally – hiring more employees and start selling different products.

Externally – extend the business, opening later hours, offer discounts on the product etc.

Another branch will be opening soon in Chaguanas because of the loyalty of the customers and profitability which would be

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