We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Is the Business Activity of Eurocars in the Primary, Decondary or Tertiary Sector? Essay Sample

essay
The whole doc is available only for registered users OPEN DOC
  • Pages:
  • Word count: 499
  • Category: business

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Is the Business Activity of Eurocars in the Primary, Decondary or Tertiary Sector? Essay Sample

Due to the increase in imported car sales, Gina Wilson started Eurocars. She hired workers and bought cars to sell. The business expanded steadily, and they soon had many cars at home and in Europe. They started selling more to individuals than dealers due to a higher turnover.

The problems with Eurocars are that manufacturers are slow to provide new cars, and there is a lot of administration work to be done and registration laws in place that make their work hard. They are also forced to use the promotions offered by the manufacturers of the cars they sell.

Answers

1. Is the business activity of Eurocars in the primary, secondary or tertiary sector? Explain your answer.

Eurocars’ business activity is in the tertiary sector, they are providing a service. They are not in the primary sector because they do not extract any natural resources, and they are not in the secondary sector as they are not producing or constructing anything, therefore we can deduce they must be in the tertiary sector.

2. Suggest examples of land, labour and capital that might be used by Eurocars.

The only land resource Eurocars uses is the office they work out of. They do not produce anything so they don’t use any natural resources.

The labour used by Eurocars consists of Gina, who started and runs the business, and the people she hired.

The capital used by Eurocars is the cars they buy then sell on. These cars are already manufactured, so they are not included in land.

3. Explain:

1. The type of market that Eurocars is operating in.

Eurocars is operating in the consumer goods market, as they are selling durable goods (cars) in large quantities mainly to consumers. However, they were previously also operating in the capital goods market when they sold cars to dealers who would then sell them on again.

2. The types of customer it serves.

Eurocars serves mainly consumers’ wants. They also sell cars to other businesses so they can sell to the same customers.

4. To what extent is Eurocars affected by external factors?

Eurocars is affected by external factors such as the government and the producers of the cars they retail. They are affected by registration laws and other laws which hinder their work. There is also a lot of administration required as the cars have to be bought in Euros while Eurocars is based in Britain. The government, however, also affects them in a positive way, as they changed a law in order to increase competition in the sale of new cars, thus helping Eurocars.

The producers of the cars also affect Eurocars. They are often late in producing a UK-speciification car, and the producers’ promotions are forced onto Eurocars. All these things affect Eurocars to various degrees, while government factors feature heaviest they both help and hinder Eurocars, so it balances out eventually.

We can write a custom essay

According to Your Specific Requirements

Order an essay

You May Also Find These Documents Helpful

A Business Plan for an It Start-Up

The company is an ITES startup that makes apps and websites for third party. The business aims at targeting the lesser exploited markets of grocery stores, schools and medical stores. For doing the on-ground marketing of our services, we have planned to hire a salesman. We’ll train him well and make him enough knowledgeable about our business so that he can give us our potential...

Ethical and Legal Issues Revolving

A civil action film is a based on true life experiences that revolve around the good scenarios and issues that are bound to be tried by legal bodies. It is based on the true stories that were taking part in the year 1980s when the environmental pollution took place and better parts of Woburn. There was the ethical issue revolving around the film as there...

Business Ethics - International Trade Administration

As experts in business ethics, your expertise can be used to help breakdown a situation good or bad. In situations we can come in and erase the bad and replace with good or simple reinforce the good that is being done. In this case, we will be doing a lot of erasing for many reasons. This branch of the bank was not doing what it...

Wace Group’s To Scaling A Business

M&S was highly specific about the quality of paper, size of paper, cuts as well as delivery schedule. Though quality standards and technical skills were forte of Wace Group, yet some of the major changes that the company had to accompany in its order schedule, capacity schedule and delivery schedule. Most importantly were of important concern which on one hand can pose risks to the...

Business Accounting and Assurance Coursework

The conceptual framework has been defined as ‘a coherent system of interrelated objectives and fundamentals that is expected to lead to consistent standards.’ (FASB 1978) Answer the following questions in relation to the International Accounting Standards Board’s Conceptual Framework, 2010. Q1. What is meant by general purpose financial reporting and how does it differ from special purpose financial reporting?​The financial report implies noticing down the monetary exercise...

Get Access To The Full Essay
icon
300+
Materials Daily
icon
100,000+ Subjects
2000+ Topics
icon
Free Plagiarism
Checker
icon
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access
immediately?

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?

Couldn't Find What You Looking For?

Get access to our huge knowledge base which is continuously updated

Next Update Will Be About:
14 : 59 : 59
Become a Member