Effects of a New Store On The Community

Effects of a New Store On The Community
When the new store opens it might have an effect on the community. This effect could be a benefit or a cost to the community. Benefits ? 1) When the new store opens, they will have to pay rates to the council for such things as rent. These rates might be used by the local council to improve the local services. The local services that could be improved include education, nhs and other council funded services. 2) As well as this, when the store opens and customers start to visit the store, the local economy will benefit. The local economy will benefit because the new store will bring in money for people who have jobs in the new store. It will also benefit because the new store will bring in customers for other shops, so these shops will benefit from this. 3) When the new store is been built, the building work will help to benefit the community
It will benefit the community because after the building work is complete the building will be modern. This helps to improve the infrastructure of the town. 4) Another way the new store will help to benefit the community is that it will bring more competition between other mobile phone stores. This will help the community because it means all of the mobile phone stores will be competing against each other to win the customers. When they are competing against each other they will lower their prices to win customers, so there will be a price war between the shops and the community will benefit. Other ways the community could benefit from this new store opening are: there will be a wider range of goods in the shops, there will be new jobs available and it will increase the reputation of the town. Costs ? 1) When a new store opens it can lead to prices of rent becoming higher. Sometimes the prices rise so much local business? can close down because they cannot afford these costs. This would be a cost for the community because they might have to travel to other towns or areas to buy products. 2) Once this store has been open and the competition are fighting against each other to win customers, it could end up with some of the competition closing down because they cannot afford to compete anymore. This would be a cost for the community because it will leave people without jobs and the new store could put prices as high as they wanted if all the competition closed down. 3) In the short term, the building work could be seen as a cost because it brings extra traffic through the town so it makes the town busier. It can also bring pollution from the actual building work and the large vehicles. 4) Another way the new store could be a cost to the community is that it brings more people travelling in to go to the store. This could make the roads congested and could cause parking problems. Other ways the new store could be a cost for the community could be the land used for the new store could have been used for something else that benefited the community more.

Effects of a New Store On The Community 7 of 10 on the basis of 1725 Review.