“The Recession Has Had Devasting Effects On Uk Businesses. Even Long Established Companies Have Been Unable To Withstand The Impact Of The Worst Recession For 90 Years.” To What Extent Do You Agree With This Statement? (40 Marks)

1043 words - 4 pages

Untitled

"The recession has had devasting effects on UK businesses. Even long established companies have been unable to withstand the impact of the worst recession for 90 years." To what extent do you agree with this statement? (40 MARKS)

In order to analyse the impact on businesses during the recession, we need to definite what is a recession in financial terms. A technical recession occurs when the level of real national output declines over two successive quarters causing a contraction in the total volume of production in the economy of less than 10% in a country's Gross Domestic Product (GDP). The decrease must last for more than one consecutive quarter of a year. The GDP is defined as the sum of private spending and government spending on goods, services, labor and investment..

Historically, there have been five years of full-scale recession in the UK economy during the post-war period and the last recession occurred between 1990-92.

Even if the UK economy is actually on the "brink of leaving recession", according to the British Chambers of Commerce (BCC), fears are still on mind. Which we can easily be understood regarding the consequences and what happened during this recession as 1.3 million people were made redundant which has doubled the fall in employment and shops' closures by dozen occurred!

The first ones who have directly suffered from the recession were the local shops such as the one that you find on the next corner of your road, lots of them closed as they couldn't cut down on their prices like bigger companies to face the recession. Even long-established family shops has been forced to close as for example the family shop Rusholen in Northamptonshire was closed after 50 years with a loss of 35 jobs.

But the consequences have also dwelled on bigger companies such as Cadbury with the closure of its chocolate factory at Keynsham near Bristol with the loss of 500 jobs or even the famous well-established brand Mark & Spencers. The latter has closed 27 stores during the recession and has brought the loss of 1,230 jobs.

Directly link to the economic crisis, the difficulties which had suffered Mark & Spencer are a recession-proof. As the numerical datas stated before prove it, Mark & Spencer has also suffered of a consequent sales down of 5.1 percent and 7.1 in the run-up to Christmas. Furthermore, profits which having upped £1 billion has slumped below £600 during the recession.

As many firms and in order to face the recession, Mark & Spencer has introduced a short-term strategy. Therefore, the company has launched a new "Wise Buy" range of cheaper foods and other cut price offers such as "Dine in for £10" or "Family Favourites" which have made a significant cut in profit margins on...

Find Another Essay On “The recession has had devasting effects on UK businesses. Even long established companies have been unable to withstand the impact of the worst recession for 90 years.” To what extent do you agree with this statement? (40 MARKS)

"A successful economic policy was the key behind Hitler´s maintenance of power in Germany." - To what extent do you agree with this statement?

990 words - 4 pages Dunia Malezai "A successful economic policy was the key behind Hitler´s maintenance of power in Germany." - To what extent do you agree with this statement? Hitler maintained power in Germany through a number of different measures. The successful economic policy, however, was the most important of all. The economic chaos in Germany after the Wall Street Crash of 1929 and the overall economic instability of Weimar Germany was a perfect

Militarism within European countries was responsible for WWI. To what extent do you agree with this statement?

1839 words - 8 pages increased tensions between Germany and Russia, as well as increasing Germany’s willingness to go to war as soon as possible. Germany still feared a war on two fronts, which meant that when they made their war plans they intended to attack faster than if they would’ve had Russia as an ally. In 1902, Britain made an alliance with Japan, after Germany passed a law for the building of 17 battleships over the next 7 years. This gave Britain an ally in the

'Hitler's charismatic personality and policies only partly explain the Nazis' rise to power in 1933.' To what extent do you agree with this statement?

889 words - 4 pages Nazi party's rise, Germany was in the Great Depression and had millions of voters unemployed. By promising to relieve this problem and create a better Germany, Hitler managed to increase his party's votes substantially; from 800, 000 votes to 14 million in just four years. The Germans had given up on the Weimar Democracy and were looking for a new and powerful leader to bring back the days of the Kaiser, and Hitler seemed to be the leader they

Effects of the Recession on Health Care

663 words - 3 pages During this time of the twenty-first century, most individuals throughout the world are experiencing an economic recession. It has gotten to the point where it has affected the health care of millions of individuals around the world. This means that these people are unable to afford to go the a physician due to loss of health care benefits or the inability to maintain health care cost as the insurance premiums may have increased. Health care

It has been suggested the “stress is in the eyes of the beholder?”. What does this mean? Do you agree?

1750 words - 7 pages I strongly agree with the statement, as stress is a fact of daily life. It is been feel when one’s thought of any adjustment in life. In workplace, stresses are the one of the importance as the excessive of it could give an upside down impact in physical and emotional of the workers. Not everything perfect as in workplace, we can’t control everything to be as we wish for, but that doesn’t mean useless. It is better to find a way to managing

“Each character in King Lear has control over their fate. The fate of each character is determined by the events that occur in act one of the play” - To what extent do you agree with this?

1006 words - 4 pages Chloe Stone"Each character in King Lear has control over their fate. The fate of each character is determined by the events that occur in act one of the play" - To what extent do you agree with this?Fate has proven to be a very important theme throughout many of Shakespeare's plays. In King Lear fate plays a particularly important role, as many critics would agree that the fate of each character is determined by events that occur in act one of

It has been suggested that “stress is in the eyes of the beholder?”. What does this mean? Do you agree?

2262 words - 10 pages symptoms that affect you will often accumulate until you are forced to take notice of them. It is often the behavioural symptoms that are noticed, as they are more obvious, but by this time stress has been going on for many months, maybe even a year or more. Stress manifests as a physical, psychological or social dysfunction resulting in individuals feeling unable to bridge the gap with the requirements or expectations placed upon them. Those

Education does not guarantee success in one's life. To what extent do you agree with this statement?

693 words - 3 pages "To have a good life, you must have a good education." How many times, has this sentence been ingrained into our minds, by our parents, our teachers, even our older siblings? How true is this statement? In my opinion, it is largely true; however, not everyone who has a good life is educated. Following the same argument, not everyone who is educated leads a good life.What is deemed by an education? An education, as defined by the Merriam-Webster

"Dreamers are fool's, and Of Mice and Men proves this" To what extent, if any, do you agree with this statement?

1526 words - 6 pages "Dreamers are fool's, and Of Mice and Men proves this" To what extent, if any, do you agree with this statement?How can you define a fool? The word fool is most commonly mistaken as someone who is, idiotic, unintelligent, or stupid. But throughout the human race there are numbers upon numbers of intelligent fools. People do foolish things everyday; it is the nature of the human race. Mistakes are made, but they teach valuable lessons, and they

'After all, y'know, we're respectable citizens and not criminals.' To what extent do you agree with Gerald? How does the author lead us to challenge this assertion?

1521 words - 6 pages of the Birlings, most likely Sheila, then their reputation would drop down to an un-aristocratic level. Even after the Inspector had made his point and left the house, Mr. and Mrs. Birling do not make an attempt to reflect and change their ways, but they immediately try and find ways to cover up the incident and pretend that nothing had happened.I agree with Gerald on the first part of the quote where it states that they are "respectable

To Kill a Mockingbird - Harper Lee 'To Kill a Mockingbird is a book about courage'. To what extent do you agree with this statement?

961 words - 4 pages . When explaining this to Scout he states,"You might hear some ugly talk about it at school, but do one thing for me if you will: you just hold your head high and keep those fists down. No matter what anybody says to you, don't you let them get your goat Try fighting with your head for a change...It's a good one, even if it does resist learning". Pg 84Atticus without a doubt is the representation of courage itself. This courage is however, not only

Similar Essays

“The Recession Has Had Devasting Effects On Uk Businesses. Even Long Established Companies Have Been Unable To Withstand The Impact Of The Worst Recession For 90 Years.” To What Extent Do You Agree...

1043 words - 4 pages Untitled "The recession has had devasting effects on UK businesses. Even long established companies have been unable to withstand the impact of the worst recession for 90 years." To what extent do you agree with this statement? (40 MARKS) In order to analyse the impact on businesses during the recession, we need to definite what is a recession in financial terms. A technical recession occurs when the level of real national

"Monopoly Is Against The Interest Of The Consumer." To What Extent Do You Agree With This Statement And Why?

1388 words - 6 pages my view strictly true as there are some advantages that monopolies can offer consumers. Monopolies encourage economies of scale, which are the reductions in unit costs which a firm can enjoy due to them being large operators, due to this a firm may be able to keep its prices down for consumers as there overhead costs per unit will not be as high as it would have been within a smaller business. An example an economy of scale is supermarkets such

"Dreams And Aspirations Feature Significantly In "The Caretaker." To What Extent Do You Agree With This Statement?

1339 words - 5 pages characters are hoping to live their "dream" life and the methods in which they display it in their speech. For example, Mick's use of shifting occupations as a way of domination over Davies plays out in this instance. He changes from being a lawyer in which he states "I can turn you to the police station in 5 minutes, have you in for trespassing, loitering with intent, daylight robbery, filching, thieving and stinking the place out." This shows how he

“Each Character In King Lear Has Control Over Their Fate. The Fates Of Each Character Are Determined By Events Which Occur In The Opening Scenes Of The Play.” To What Extent Do You Agree With This...

1317 words - 5 pages "Each character in King Lear has control over their fate. The fates of each character are determined by events which occur in the opening scenes of the play."To what extent do you agree with this statement?Freewill and fate are themes which are frequently discussed in reference to Shakespeare's plays. He often makes the audience wonder whether the characters ever had a choice in how their stories would end. King Lear's decision to abdicate the