Socioeconomic Impact of New Businesses on Suppliers and Investors, Essays (high school) of English

Download Socioeconomic Impact of New Businesses on Suppliers and Investors and more Essays (high school) English in PDF only on Docsity! SOCIOECONOMIC IMPACT ON SUPPLIERS AND INVESTORS - GROUP 7 - - Duran, Ella - Magdato, Alessah - Mediante, Kim - Molina, Unijen - Ramos, Maribel - Relota, Larr John - Suarez, John Llenon Suppliers - is a person or business that provides a product or service to another entity. Investors - is any person or other entity (such as a firm or mutual fund) who commits capital with the expectation of receiving financial returns. Income - The money a person or entity receives in exchange for their labor or investment. Capital - In economics, capital are “All those man-made goods which are used in further production of wealth.” Thus, capital is a man-made resource of production. Socioeconomic impact on suppliers and investors Suppliers and investors can have an opportunity, once there is a new business. Like in the instance of establishing a new resort or hotel in a certain locality, it will serve as opportunity for the other business to supply such as food ingredients, beverages, laundry shop and photographers. A negative impact arises when the new business does not priorities the supply that is available in the community. Instead, it acquires raw material from another area, since the local supplier cannot meet the volume of order. A possible strategy of a local supplier is to increase their production in able to meet the business raw material requirement. A well sounded business, is pleasing with investors’ attention to invest in the production, these investors may lend money for business capital or tools and materials. This investment grant, warns the business to avoid inappropriate expenditure that is not an income generating. Investors are after a good return of investment when they engage to business transaction. Having this harmonious flow between supplier-investor and business manifest an economic growth within the community where the business is operating. ANOTHER EXAMPLE: There is a newly established business that deals with cosmetics. These will provide opportunities for suppliers and investors. The demand for the goods provided by the suppliers will increase. These suppliers will now need to produce more cosmetic products and they will need to hire more workers who will earn wages from being employed. Moreover, there will be more capital needed to invest in the production. Investors will then lend money for business capital needed in production. Investors are after a good return on investment when they engage in business transactions.