Business Researched (Eldridge Furniture)

Question 1

Business aims

Answer 1

Produce high quality furniture products to satisfy customer needs

Question 2

1st Environmentally friendly business behaviour

Answer 2

Refer old, unused products to recycling companies

Question 3

2nd Environmentally friendly business behaviour

Answer 3

Gather raw materials locally from ethical suppliers

Question 4

Competitive environment

Answer 4

Competing against countries around the UK, especially with e-commerce

Question 5

Eldridge in competitive market

Answer 5

Price conscious with products, matching competitors

Question 6

How do Eldridge better from competitors

Answer 6

Offer a good quality service as well as product. Also use social media

Question 7

Economic factors and their impact

Answer 7

Highly dependant on economic state as Eldridge sells luxury products

Question 8

Purchasing function activity

Answer 8

Study market (trends). Support local suppliers

Question 9

Purchasing function also makes sure:

Answer 9

Products are value for money, suppliers reputation is good (deliveries)