Inflation, this is where the prices go up but the value of money going down. The effect this has on Manchester airport is that it erodes the value of savings, it puts off potential investors, it makes UK exports uncompetitive and also it can slow economic growth. A big effect would be that Manchester airport will gain fewer customers due to inflation as many people will not be able to fly with the cost of flying. If Manchester airport lowered there prices then still they wouldn't gain many customers and could lose money.
The business cycle shows you the value of the country. It shows you the GDP (gross domestic product) which tells us the sum total of all goods and services produced and sold by an economy. It also can show you how well the country is doing and if it is in a recession then this means that there will be fewer holidays and less business flights. Economic growth is where a country produces a greater value of goods and services than previously. The benefits of this could be that: Interest rates are the price of money that you pay interest for.
If the interest rates were high this would mean it would be good for savers, but it would be dreadful for borrowers because they would have to pay more money, also if there were high rates it would discourage spending this would be a disadvantage for Manchester airport as it wouldn't get custom. If the rates were low then this would also be terrible for savers but it would be good for borrowers and it would encourage spending (especially on credit), this would be a bonus advantage as they would gain a lot of custom.
Unemployment is part of a vicious cycle it will have a significant impact on the unemployed. If you lose your jobs then you don't get paid then you have no money to spend this will make no profit for Manchester airport as they wont get custom if nobody has money. Then Manchester airport, there income will fall they would have to make some employees redundant, those employees wont have any money to spend so other businesses will suffer from this, this could lead to recession.
Customer income will rise long with economic growth although not at the same rate. If customer income is low they don't have enough money top spend on such luxuries as air travel. Government spending must be balanced, but occasionally they spend more than they should, to balance this they must spend less the next year to make up for spending more the year before, this can have big implications for the public sector. D2 Explain the impact of a change in economic conditions at Manchester Airport
If there was a change of the economic conditions at Manchester airport the huge impact would be if inflation went up then the biggest effect would be that Manchester airport will gain fewer customers due to inflation as many people will not be able to afford the luxury of flying as they will have to spend their valuable money else where. If inflation went down then people will be able to afford to fly more frequently and Manchester airport would be gaining a lot of profit because the cost of money will be lower meaning the public will have more money to spend on other things as well as flying.
This will be a big advantage for Manchester airport as there will be a lot of custom. Also if Manchester airport lowered there prices then still they wouldn't gain many customers and could lose money. Another impact would be if the Interest rates were high this would mean it would Manchester airport wouldn't get custom. If the rates were low then this would be a bonus advantage for Manchester airport as they also would gain a lot of custom. If unemployment was a big impact this could be a negative effect because customers will have no money to spend this will make no profit for Manchester airport as they won't get custom if nobody has money.
If unemployment was to rise then this will make a bigger impact on Manchester airport as Manchester airport could go out of business if there is no custom. If unemployment was to decrease then Manchester airport would have and get more business. D3 Suggest & justify responses to changes in economic conditions on the airport I would suggest that Manchester airport should pass on lower charges to the airlines to try and attract more customers and increase or maintain profits. I also could suggest that Manchester airport could bring in special offers for the airlines. – E. g. reduced landing charges for each extra flight booked.
This will help the airport cover more of its fixed costs. Another suggestion is the airport could increase charges if unemployment was low and people had plenty of money to spend. Another suggestion if interest rates were high then the airport could look at the interest it pays the banks on its loans and try to renegotiate its interest payments with the lenders. This would save the airport money and therefore keep profits higher. D1 Identify the environmental conditions affecting Manchester Airport The environmental conditions that affect Manchester airport are climate change and other weather conditions like flooding.
The causes of climate change are CO2 emissions from transport such as a car and buses also aircraft. The public may not want to travel on a plane due to their attitude towards this. Flooding has its disadvantages because if there is a flood then there would be no land and no space to expand their business or build, which this means there will be no profit. Environmental conditions affect Manchester airport and can cause a lot of inconvenience. Weather conditions can affect Manchester airport because if there is flooding people in some areas then the airport won't be able to open to the public and the public wont be able to go on holiday.
One way Manchester airport could be more environmentally friendly would be to recycle more and cut down the waste they don't use. Manchester airport needs to think about the local environment as well as the animals and local wildlife, the community as well as Manchester airport need to help protect the animals in the surrounding areas. Animals could become extinct because of chemicals in the soil; this could cause the plants and animals to be deformed. D2 Explain the impact of a change in environmental conditions in on Manchester Airport
The impact of a change in environmental conditions can be either bad or good. Climate change can affect Manchester airport because at the minute climate change is a big worry because they change every so often. Also climate change can affect the airport because people are starting to thing about the environment and this means they don't want to use the airlines, this will affect the airport badly because they will not get any custom or will lose custom. Manchester airport is also trying to reduce the carbon footprint.
Global warming is another environmental condition that could have a drastic impact on Manchester airport. The impact this could have on Manchester airport could be that they could lose custom because the public will not want to fly with them as their attitude is beginning to change. The local environment plays a big part on Manchester airport as that's where they get their custom from. Manchester airport wants to be friends with the community for the ongoing noise pollution. They could get complaints from the public and from very local residents.
Because of the publics' change of opinions and their different taste this makes it difficult for Manchester airport to make their needs. For this reason Manchester airport would have to raise taxes to cover this and the public make also decide to use a more environmentally friendly way of transport. Manchester airport could also encourage the public to recycle as this could decrease the amount of things such as plastic thrown away each year Manchester could help the public to recycle by providing bins. Temperatures may rise making people not want to fly to other warmer countries; they would prefer to stay where they are.
Businesses could help by recycling and by being environmentally aware. Live earth could help by increasing global awareness and having sponsors. The government could increase taxes to try and reduce pollution. The public could help by advertising and by using public transport and by recycling. D3 Suggest & justify responses to changes in environmental conditions on the airport To make the environmental conditions on the airport better they could use greener forms of energy, by doing this they could reduce the amount of greenhouse gases going into the atmosphere.
They could also reduce the amount of chemicals that could have a risk on the animals and habitats around, by doing this they could help stop animals becoming extinct and can reduce the risk of harming local wildlife. The airport could also help by using more efficient ways of transport; by doing this they could reduce the amount of natural resources to fuel the vehicles. D1 Identify the competitors of the school Also like Manchester Airport, Bruntcliffe School have many competitors. The competitors of Bruntcliffe School, each in there own categories. These categories are local, regional, national and international.
In the local category there are WoodKirk High, Morley High, South Leeds High and Heckmondwick. These schools are competing for students. In the regional category there are all the other schools in the north of England. These schools are competing for results, reputation and prestige. In the national category there are all the other schools in England. These schools are competing for results, reputation and prestige. Last in the international category there are all the other schools in the world (no real competition at this level for Bruntcliffe). All these schools are competing for results, reputation and prestige.
D2 Explain the impact of a change in competition on the school There are many types of changes that could affect Bruntcliffe School and what they could benefit from. One is if a school close by closed down then Bruntcliffe School would gain students/customers and also raise their reputation/ company prestige. Another one is if the other competitions decide to market new products and to develop new services, Bruntcliffe School would have to up their market to balance the stakes a little, although they may want to develop a new service it will cost them a lot of money, money they may not have.
Another is if more schools opened near Bruntcliffe School there would be more competition for Bruntcliffe School to compete with they will lose students/customers and also there reputation will get lowered. If there was a sudden change in management this could have an effect on Bruntcliffe School as the manager could introduce new ideas this could mean Bruntcliffe school a better company or a worse company depending on the ideas brought up.