Business Studies Case study

(a) All business have objectives or targets to meet which are set out by the people who lead or control the business. Two possible business objectives of Hotspur & Wren could be survival, profit maximisation and expansion. Survival is required when trading becomes difficult, periods of recession and threats of takeover. Profit maximisation is producing a level of output which generates the most profit for a business.  To communicate the objective with Shareholder’s, the business could produce circulars which would be mailed to the customers.
A forum might also be held to receive feedback about the proposed changes. Shareholders will be interested in the changes as they receive a dividend. To communicate with their customers however, the business might need to adopt other methods such as various media advertising methods, advertising agencies etc.
TYPES OF ORGANISATION

Hotspur and Sons were a partnership. Wren ; Co is a private limited company.  Hotspur ; Wren Ltd is also a private limited company. (b) Mergers and takeovers take place when firms join together and operate as one organisation. “Hotspur & Sons” and “Wren & Co” merged in 1967 and there are many reasons why businesses merge. Firstly, mergers are a quick and easy way to expand the business compared to opening and building new sites. Secondly, buying a business is usually cheaper than growing internally. Thirdly, firms can also lower their costs by joining with another firm and gaining economies of scale. Also, growth of the business might be one of its main objectives and the size of the business can be increased with a merger. Lastly, mergers can also take place for defensive reasons and to consolidate its position in the market.
To become a PLC, Hotspur ; Wren Ltd would have to produce two documents. The Memorandum of Association, which gives details about the name of the company, the address, the liability of members, the amount of share capital and a description of the business activities. The Articles of Association will also have to be produced which gives details about the voting rights of the shareholder, how profits will be distributed, the duties of the directors, and information about the AGM. These documents are sent to the Registrar of Companies and if successful, the company will be awarded the Certificate of Incorporation and can begin trading. PLC’s have to raise capital from shareholders to be issued a Trading Certificate from the Registrar before starting trading.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more