Turn on thread page Beta

Business controlled assesment - small business watch

    • Thread Starter
    Offline

    11
    ReputationRep:
    How does the small business "Bobs tyres and exhausts Ltd" add value to their company compared to " A J S Tyres" ???
    Offline

    10
    ReputationRep:
    I can't answer the question specifically but what you need to do is
    Interview the business owner(s)
    Compare each source of added value together (how does 'x' use design to add value? how does 'x' use a USP to add value?)
    Conduct some secondary research such as how a similar (but larger) garage/MOT business adds value)
    You need to mention some numbers (eg compare the price of tires at 'x' and 'y' store) to quantify any ideas made
    Create and distribute questionnaires asking customers at both garages which source of added value is most significant to them (you can display this is in a pie/bar chart)

    Good luck with your assessment
    • Thread Starter
    Offline

    11
    ReputationRep:
    thx, ive already carried out the research but I compared to another local small business!!!

    Is that bad ???

    I have already printed all my research and everything !!!!!

    Also my businesses don't have set prices, they give quotes !! ???
    Offline

    10
    ReputationRep:
    (Original post by anonomon)
    thx, ive already carried out the research but I compared to another local small business!!!

    Is that bad ???

    I have already printed all my research and everything !!!!!

    Also my businesses don't have set prices, they give quotes !! ???
    I presume you are with Edexcel exam board

    Yes, it is ok to compare your business with another small one (the specification allows either a small local business or a large competitor)

    Explain the significance of using a quote rather than having a set price and whether this adds value (this should be answered during the 3 hour write-up)

    If you have any more questions about the research or the write-up i'm open to answering them AMA
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by umar39)
    I presume you are with Edexcel exam board

    Yes, it is ok to compare your business with another small one (the specification allows either a small local business or a large competitor)

    Explain the significance of using a quote rather than having a set price and whether this adds value (this should be answered during the 3 hour write-up)

    If you have any more questions about the research or the write-up i'm open to answering them AMA
    Thank you so much btw!!!!! What IS the significance of using quotes instead of set prices !!??? (sorry my write ups tomorrow so I kinda panicked when I thought it had to be a big business) Also I have no evidence ( research) about the quotes so should I still mention it ????
    Offline

    10
    ReputationRep:
    A quote allows for the price to be negotiated between the business and the customer. Also, a quote ensures that competitors that use fixed prices will find it harder to match and lower their prices in relation to your business. This can add value through service as your service is tailored to the customers needs. ie your allowing your business to lower prices to suit the customer best. Using a quote system therefore can add value as a Unique Selling Point as it may be unique in the local area.
    Spoiler:
    Show
    That's very understandable although you shouldn't worry. I advise spending today planning your answer and the points you would like to include.
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by umar39)
    A quote allows for the price to be negotiated between the business and the customer. Also, a quote ensures that competitors that use fixed prices will find it harder to match and lower their prices in relation to your business. This can add value through service as your service is tailored to the customers needs. ie your allowing your business to lower prices to suit the customer best. Using a quote system therefore can add value as a Unique Selling Point as it may be unique in the local area.
    Spoiler:
    Show
    That's very understandable although you shouldn't worry. I advise spending today planning your answer and the points you would like to include.
    thx, do I need to get research about the quotes ??? (im not sure if I can get any)
    Offline

    10
    ReputationRep:
    (Original post by anonomon)
    thx, do I need to get research about the quotes ??? (im not sure if I can get any)
    It is desirable to get a bit of research but if it is unlikely then I suppose it is best to use the quote vs fixed price analysis as support for a larger point relating to price/convenience/USP
    Offline

    18
    ReputationRep:
    Do a thing called SWOT analysis, analyse their strengths, weaknesses, opportunities and threats - always makes your work seem much more analytical and thus achieve a higher grade.
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by umar39)
    It is desirable to get a bit of research but if it is unlikely then I suppose it is best to use the quote vs fixed price analysis as support for a larger point relating to price/convenience/USP
    would this count as research ??? :Name:  Google review.png
Views: 112
Size:  165.5 KB

    (In a google review someone said "extremely competitive quote for Kumho tyres")
    Offline

    10
    ReputationRep:
    Yes, that would constitute secondary research. (provide evidence of how it relates to adding value and how this relates to the competitor) Remember always look, read and understand the question before conducting research/answering the question!!
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by umar39)
    Yes, that would constitute secondary research. (provide evidence of how it relates to adding value and how this relates to the competitor) Remember always look, read and understand the question before conducting research/answering the question!!
    thank you, also how does

    - Google reviews / testimonials
    - location
    - Facebook and twitter pages
    -business cards / other promotional products such as calendars and pens
    - website

    Add value to a tyre business ???
    Offline

    10
    ReputationRep:
    (Original post by anonomon)
    thank you, also how does

    - Google reviews / testimonials
    - location
    - Facebook and twitter pages
    -business cards / other promotional products such as calendars and pens
    - website

    Add value to a tyre business ???
    Online review allow potential customers to gain an insight into what they should/could expect from your business. (Although i'm not sure what factor of added value this could relate to).

    In terms of the social media pages and business cards, it promotes the business and it's ideas/services/products. This can introduce a convenience factor as potential customers can gain a better understanding of what the business has to offer particularly if your business uses photos/videos to display their service. Also, communicating with customers (current and potential) through social media improves customer relations thus expanding the customer base, improving footfall in the store and adding value through quality customer service. (An integral part of a garage which relies on repeat business.)
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by umar39)
    Online review allow potential customers to gain an insight into what they should/could expect from your business. (Although i'm not sure what factor of added value this could relate to).

    In terms of the social media pages and business cards, it promotes the business and it's ideas/services/products. This can introduce a convenience factor as potential customers can gain a better understanding of what the business has to offer particularly if your business uses photos/videos to display their service. Also, communicating with customers (current and potential) through social media improves customer relations thus expanding the customer base, improving footfall in the store and adding value through quality customer service. (An integral part of a garage which relies on repeat business.)
    thx, and what would a good plan for the layout be for my analysis ??? (e.g. in English there's: point, evidence, explain, expand) and what would be a good plan for my layout in my evaluation???
    Offline

    10
    ReputationRep:
    Marshall Taylor's response is what you need for analysis (somewhere up there).

    For the evaluation you need to evaluate the effectiveness of each source of added value based on your analysis for each source. Then discuss the pro's and con's of each. At the end pick which business has been most effective in adding value. (again, this is done by referring to your analysis).
    Offline

    10
    ReputationRep:
    How did your CA go anonomon? What grade are you expecting if you don't mind me asking?
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by umar39)
    How did your CA go anonomon? What grade are you expecting if you don't mind me asking?
    I got 37/40 and expecting an A . Thank you for all your help !!! 😀
    Offline

    10
    ReputationRep:
    anonomon that is an excellent score for CA. I am still waiting for my score (I think I will receive it in October so quite a long wait)!

    I'm always here to help
    Offline

    1
    ReputationRep:
    (Original post by anonomon)
    I got 37/40 and expecting an A . Thank you for all your help !!! 😀
    Doing the same controlled assessment, could you guys help me out and show me your work as an example?
 
 
 
Poll
Do you think parents should charge rent?
Useful resources

Study tools

Rosette

Essay expert

Learn to write like a pro with our ultimate essay guide.

Thinking about uni already?

Thinking about uni already?

See where you can apply with our uni match tool

Student chat

Ask a question

Chat to other GCSE students and get your study questions answered.

Creating

Make study resources

Create all the resources you need to get the grades.

Planner

Create your own Study Plan

Organise all your homework and exams so you never miss another deadline.

Resources by subject

From flashcards to mind maps; there's everything you need for all of your GCSE subjects.

Papers

Find past papers

100s of GCSE past papers for all your subjects at your fingertips.

Help out other students

Can you help? Study help unanswered threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.