The Car Market Within the UAE - Free Essay Example

Sample details Pages: 7 Words: 2158 Downloads: 6 Date added: 2017/06/26 Category Transport Essay Type Narrative essay Did you like this example? INTRODUCTION: Its not just the new cars who face a strong market in the UAE, but also the used cars have always been very much in demand. à ¢Ã¢â€š ¬Ã…“The used car market in the UAE is worth around US$2.5 billion in business and it is growing by a strong 15 per cent annually,à ¢Ã¢â€š ¬Ã‚  according to Kerem Kuyucu, the managing director of Carmudi Middle East, an online marketplace for new and pre-owned cars. (Scott, 2014) Predicting the price of a used car is both an important and an interesting matter. Don’t waste time! Our writers will create an original "The Car Market Within the UAE" essay for you Create order According to data obtained from the Roads and Transport Authority, the number of light vehicles registered between 2009 and 2014 is more than a million which is a jump of about 80% of the cars registered solely in 2009. With respect to the economic conditions since 2009, the sale of second hand and reconditioned cars has ever since been on an increase. Predicting the resale value of a car is not a an easy task. It is common knowledge that the value of the used cars will depend on a number of factors. The most important being the age of the car, its make (and model), the origin of the car (i.e the original country of the manufacturer), its mileage (referring to the kilometres it has run) and of course its horse power. Additionally, due to the increase in fuel prices, the average fuel consumption of the car is also a crucial factor. Sadly though, most of the people do not know the exact figure for the fuel their car consumes per km driven. Moreover, factors like the type of fuel the car consumes, the interior style, the braking system, acceleration, the volume of of its cylinders (measured in cc), safety index, its size, number of doors, body colour, weight of the car, size of the tyres used for the car, type of wheels and wheel caps, consumer reviews, the fame associated with the manufacturer of the car, its physical state, it has cruise control or not, whether it has a sun roof, incorporates a manual or automatic transmission, whther it belonged to an individual or a company as well as other options such as how good is the air conditioner of the car, what type is the sound system, whether it is has a power steering, cosmic wheels, GPS navigator, all such factors may influence the price of the vehicle. In the UAE certain other special factors which buyers afix importance to is the nationality of the previous owners, whether the car had been involved in any serious accidents and whether it is a lady-driven car. Furthermore, the look and the feel of the vehicle definitely add a lot to the value of the car. Therefore, we can see that the price of the car depends on a variety of factors. Unfortunately though, all of the information regarding each factor is not usually available and the buyer has to make the final decision of purchasing the car at a particular price based on a limited factors only. In this research paper we shall also be focusing only on some of the factors mentioned above. Regression analysis is a method of estimating the relationship between several variables. Sample data is usually collected to investigate the relationship between a dependent variable and one or more independent variables. This method includes many techniques for creating the best fit model by the analysis of the variables. Multiple regression is merely an extension of simple regression. Usually, a model is simply called an equation. Model can be used to predict weather, the performance of the stock market, sales, profits, river levels, and so on. ( Zainodin Khuneswari, 2009). Multiple regression can also be used for predicting the prices of houses as well as the value of used cars in the market. This paper shall be focusing on the latter use of multiple regression. PROBLEM STATEMENT: PURPOSE OF THE STUDY: This study is being done on behalf of a market research company on the second hand car market in the UAE. The focal point of this study is to determine the market value of a specific model and manufacturer by taking into consideration certain factors related to the vehicle. The study shall also be concentrating on creating a model for the company, which it can use to estimate the market value of the car using limited number of factors. The manufacturer under focus in this study is Toyota and the car is Land Cruiser, taking into account the models from 2009 till 2014. DEFINITIONS OF TERMS: LITERATURE REVIEW: In our attempt to understand how the second hand car market in the UAE works, we must be able to breakdown how the car models and their prices are analyzed by their buyers. There are certain definable characteristics and attributes to cars that contribute to the overall appeal and market value that a given car elicits. Essentially, any type of good or commodity can be viewed as a package with many different characteristics that add or subtract to the overall value of that particular good. This is the same for car market as well. A car is simply a combination of characteristics (such as color, price, model, mileage, etc.) that all together contribute in some measurable way to the ultimate value that a particular buyer places on that car. To analyze the varying prices of the second hand cars in relation to their different characteristics, in this paper we shall use multiple regression analysis along with descriptive analysis and hypothesis testing. MULTIPLE REGRESSION: Multiple regression is a generalization of the simple linear regression analysis. Simple regression analysis could analyze a relationship between dependent variable with a single independent variable. The same idea was used to analyze relationship between a dependent and two or more independent variables. (Nikolopoulos, Goodwin, Patelis, Assimakopoulos, 2007) suggested that multiple lregression is a common choice of method when a forecast is required and where data on several relevant independent variables are available. This technique has been widely used to produce forecasts in a wide range of areas and there is evidence that it is often used by companies to derive forecasts of demand from marketing varaibles and various macroeconomic measures. Multiple regression has been successfully used in many business applications. For example, (Evans Olson, 2003) studied the NFL data, it would be logical to say that the number of Games WON would not only on Yards Gained but also on the other variables like Takeaways, Giveaways, Yards Allowed and Points scored. Multiple linear regression is a popular method for producing forecasts when data on relevant independent variables is available. DESCRIPTIVE ANALYSIS: Descriptive statistics are used to describe the basic features of the data in a study. They provide simple summaries about the sample and the measures. Together with simple graphics analysis, they form the basis of virtually every quantitative analysis of data. Descriptive Statistics are used to present quantitative descriptions in a manageable form. In a research study we may have lots of measures. Or we may measure a large number of people on any measure. Descriptive statistics help us to simplify large amounts of data in a sensible way. Each descriptive statistic reduces lots of data into a simpler summary. For instance, consider a simple number used to summarize how well a batter is performing in baseball, the batting average. This single number is simply the number of hits divided by the number of times at bat (reported to three significant digits). A batter who is hitting .333 is getting a hit one time in every three at bats. One batting .250 is hitting one time in four. T he single number describes a large number of discrete events. STATISTICAL HYPOTHESIS TESTING: It is common knowledge that researchers usually wish to demonstrate that the phenomenon in question is present (i.e., reject the null hypothesis in the favor of the alternative one). However, there are instances in which researchers do have a priority, theoretically justified reasons to hypothesize formal, statistical null relationships. (Cohen, 1990; Cortina Dunlap, 1997; Cortina Folger, 1998; Greenwald, 1975, 1993). Support for positing and testing null relationships between variables of interest is offered by Greenwald (1993), who noted that à ¢Ã¢â€š ¬Ã…“scientific advance is often most powerfully achieved by rejecting theories. A major strategy for doing this is to demonstrate that relationships predicted by a theory are not obtained, and this would often require acceptance of a null hypothesisà ¢Ã¢â€š ¬Ã‚  (p. 421). Others have argued that the tenability of the null hypothesis is as legitimate a goal of research as is demonstrating the tenability of any alternative hypo thesis (Chow, 1996; Cortina Folger, 1998; Frick, 1995; Nickerson, 2000). We do believe that theoretically based arguments that lead researchers to predict null relationships between their research variables of interest are justified. The formal statistical procedure for performing a hypothesis is to state two hypothesis and to use an appropriate statistical test to reject one of the hypotheses and therefore accept (or fail to reject) the other one. The first hypothesis is usually referred to as the Null hypothesis because it is the hypothesis of no effect or no difference between the populations of interest. It is usually given the symbol H0. On the other hand, the second hypothesis is usually the Alternative Hypothesis by statisticians, but since it is often the hypothesis that the researcher would like to be true, it is also sometimes referred to as the Study Hypothesis or Research Hypothesis. This is give the symbol H1 OR HA. The Alternative Hypothesis states that there is an effect or that there is a difference between the populations. HYPOTHESIS ANALYSIS: Furthermore, in this study we conducted hypothesis tests on some of the variables of our report. Paired sample t-tests were performed on the model year and the price of the respective car models. The following tables show the results of the tests performed in the SPSS Statistical Software. Paired Samples Statistics Mean N Std. Deviation Std. Error Mean Pair 1 Model Year 2011.70 80 1.672 .187 Selling Price 171152.50 80 45514.126 5088.634 The above table shows that for a mean of 2011 (for the model year), with the standard deviation at 1.672, the selling price is calculated to be at a mean of 171152.50 with a standard deviation of 45514.12. Paired Samples Test Paired Differences t df Sig. (2-tailed) Mean Std. Deviation Std. Error Mean 95% Confidence Interval of the Difference Lower Upper Pair 1 Model Year Selling Price -169140.800 45512.738 5088.479 -179269.164 -159012.436 -33.240 79 .000 The above table shows that overall mean of the model year and the selling price is 169140.8 with a standard deviation of 45512.73. These tables were obtained by the SPSS statistical software by applying paired-samples t-test to compare the model year and the selling prices of the Land Cruisers discussed in this report. The results thereby, show that the mean selling price is 169140.8 for these cars with a standard deviation of 45512.73. The value of the t-test is 33.240 and the degree of freedom is 79. These results suggest that the model year really does affect the price of the Land Cruiser. Specifically, our results suggest the older the carà ¢Ã¢â€š ¬Ã¢â€ž ¢s model year the lower the price of the car will be and vice versa. A Pearson product-moment correlation coefficient was computed to assess the relationship between the model year of the Land Cruisers and their respective selling prices. Correlations Model Year Selling Price Model Year Pearson Correlation 1 .830** Sig. (2-tailed) .000 N 80 80 Selling Price Pearson Correlation .830** 1 Sig. (2-tailed) .000 N 80 80 **. Correlation is significant at the 0.01 level (2-tailed). The above table suggests that there was a positive correlation between the two variables, r = 0.830, n = 80, p = .000. A scatterplot summarizes the results (Figure 1). Overall, there was a strong, positive correlation between the model year of the cars and the selling prices. Increase in model year (latest model) results in a higher selling price of the car. Bibliography Chow, S. L., 1996. Statistical significance: Rationale, validity and utility. Thousand Oaks, California: Sage Publications. Cohen, J., 1977. Statistical power analysis for the behavioral sciences. Rev ed. New York: Academic Press. Cohen, J., 1990. Things I have learned (so far). American Psychologist, Volume 45, pp. 1304-1312. Cortina, J. M. Dunlap, W. P., 1997. On the logic and purpose of significance testing. Psychological Methods, Volume 2, pp. 161-172. Cortina, J. M. Folger, R. G., 1998. When is it acceptable to accept a null hypothesis: No way, Jose?. Organizational Research Methods, Volume 1, pp. 334-350. Evans, J. R. Olson, D. L., 2003. Statistics, Data Analysis and Decision Modeling. 2 ed. New Jersey: Prentice Hall. Frick, R. W., 1995. Accepting the null hypothesis. Memory Cognition, Volume 23, pp. 132-138. Greenwald, A. G., 1975. Consequences of prejudice against the null hypothesis. Psychological Bulletin, Volume 82, pp. 1-20. Greenwald, A. G., 1993. Consequences of prejudice against the null hypothesis. In: K. G L. C, eds. A handbook for data analysis in the behavioral sciences: Methodological Issues. Hillsdale, New Jersey: Lawrence Erlbaum, pp. 419-448. Nickerson, R. S., 2000. Null hypothesis significance testing: A review of an old and continuing controversy. Psychological Methods, Volume 5, pp. 241-301. Nikolopoulos, K., Goodwin, P., Patelis, A. Assimakopoulos, V., 2007. Forecasting with cue information: A comparison of multiple regression with alternative forecasting approaches. European Journal of Operational Research, 180(1), pp. 354-368.

Essay on Media Ethics and Their Relation to Business

Media Ethics and Their Relation to Business In this world, there is an obvious connection between the media and its involvement in business ethics. No matter what the form of media looked at, they all have the ability of being either an aid to business’s success or a detriment. The press and the media are responsible for reporting news, issues and events as clearly as possible. Any distortions can cause the message being sent to be misinterpreted or completely wrong. News organizations are given a responsibility of representing the public interest. In order to gain the public’s trust, such broadcasters are required to work within the parameters of ethical and responsible new casting. No matter what the issue, company or news†¦show more content†¦Names in the business world that are known to be accurate and reliable include CNN, CSPAN, local news stations such as CBS, NBC, ABC etc. Those who watch the business world closely are more inclined to go to reliable sources for their information. What is reported on these stations are considered as true based mainly on their past records. But when the occasion does arise, where the media goes about treating a business, or situation in an unethical manner many problems arise. In order to understand this type of situation clearly, it is good to look at actual examples where the media ethics become involved in communicating or the miscommunication of a business. Many recent problems in the media world are being attributed to the advances in technology. Although these advances are great and making life easier, things are being done so quickly that many important steps are being forgotten. In the rush to present a story first, many journalists are forgetting to be accurate and balanced in their covered stories. The pressures of live broadcast are requiring journalists to focus on a new set of questions in order to check and be sure the position and format in which they present their story is clear of any unethical issues. 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Evolution of an Urban Area Free Essays

James L. Minter, III PD 120 Assignment #2: Evolution of an Urban Area Location: Atlanta, Ga. / Fulton County I have chosen to do my research on the city of Atlanta, Georgia within Fulton County. We will write a custom essay sample on Evolution of an Urban Area or any similar topic only for you Order Now Atlanta is the largest city within Fulton County and has significant value to the Black community. It is of interest to me as Black/Latino man who has been astonished by how quickly so many minorities have jumped at the opportunity to head south when we not so long ago were heading north at a record pace for the same reason, opportunity. I will discuss what I have read, researched, and learned from my own experiences as well.In this country, so many squirm at the very mention of the suburban â€Å"White Flight† of White persons buying suburban homes every since WWII. However, the fact remains that in this country no matter what race you are if you are presented with a better alternative for living and working you will gravitate towards that lifestyle. This is extremely evident in my research, as so many Blacks headed back to where their mother’s and father’s fled to either escape death, racism, slavery or was just simply looking for a job to make a living.Within my community the state of Georgia was not looked upon favorably, in fact, when I was a child, 40 years ago, it would have been considered just about crazy to leave progressive New York for the racist south, especially Georgia where cotton was a mainstay to the economy. Nowadays, it’s becoming just the opposite; the businesses are leaving for the south (along with the jobs) and the racism being experienced up north, I believe, is because of the shrinking market for jobs and the disdain for someone in a minority group â€Å"taking† what used to be â€Å"yours job†.So for those reasons, I’d like to take you on a journey to understand what Atlanta has become and why many Blacks affectionately refer it to as â€Å"Chocolate City†. Fulton County in 1900 had a population of 117,363 persons and has grown to 816,006 in the 2000 census. Whereas, the City of Atlanta in 1900 had a population of 89,872 persons and has grown to 537,958 since the 2000 census. Fulton county since the early 1900’s has steadily been in the low single digits as far as foreign born persons residing within the county ntil 2000 where the foreign born rate climbed to 10%. Although historically in Atlanta and Fulton County the predominant immigrants are those whose ancestry are from Russia, Germany, UK, Italy, Ireland, and Greece it wasn’t until the 2000 census that Africans were migrating to Atlanta as the 4th largest migrating group on record. It further demonstrated that those of African descent and those who were American Blacks looked upon Atlanta as a chance for minorities to â€Å"get ahead† and share some form of American success.Many Blacks from the north began migrating south, just the opposite as the early 1900â €™s, as industries such as auto plants began downsizing, steel plants were shutting down more and more, affirmative action was being frowned upon, and the large incomes that were being made within the construction industries (both via developing and trade unions in the west and north east) was not being shared with northern western Blacks. The trade unionist, still to this day, struggle to â€Å"give up† what they perceive to be their own trade with minority groups (i. e.Italian cement masons laborers, German Operators, Irish Iron Workers, etc. ). This shutting out phenomenon of varying industries, especially within the northeast, has caused many minority groups (esp. Blacks and Latinos) to migrate south for opportunities that were not present to them at home. When you couple the â€Å"black/brown migration† south to Atlanta along with subsidies being given to oil companies and big corporations to relocate headquarters along the â€Å"Sunbelt†; there is no wonder that opportunity was available for those who were willing to work non-union and compete for low paying jobs against migrant workers.Since the immigration laws were eased via legislation in 1965, the most extreme documentation of â€Å"Sunbelt† workers in Fulton County have been those of Spanish speaking origin for various reasons. Since the 1970 census, Hispanic ethnicity in Fulton County went from 8,260 to a whopping 48,056 in the 2000 census. Whether it be Cubans fleeing communism, Mexicans looking to just make a decent living, or Blacks fleeing being shut out during the up rise of our economy during the late 20th and early 21st centuries, the fact remains that Atlanta was viewed as a city where minorities could go and make a better life for themselves and their families.This â€Å"black/brown migration† was not going unnoticed by the native White’s of Atlanta. As Blacks became the majority group in Atlanta by 2000 at 60% of the city’s population, Whites continued to move away to their suburban homelands of Fulton County, as they made up 66% of the suburbs population in 2000. Atlanta and Fulton County continued to grow but it was evident that it was growing into a more extreme segregated population. However, there was a transformation-taking place, the Black suburb.The more populated th e city of Atlanta was getting; the more Blacks began populating the suburbs themselves. Along with the pattern of the housing market targeting low and middle-income residents to buy homes from the mid 1990’s through the 2000’s. Blacks (and other minority groups) began buying suburban homes attempting to gain the â€Å"American Dream†. As a political foresight to the â€Å"black/brown† migration, the affluent suburb of Buckhead was annexed and became part of Atlanta, as many believe, to keep the majority-voting block in the city White.So, now being part of Atlanta, many Blacks began buying beautiful homes in Buckhead and other surrounding suburbs creating the vision of a â€Å"Black suburb†. However, since this annexation there has been increased feuding with the northern residents of the more affluent White suburbs with the collection and distribution of taxes towards the southern portion of the county. The feeling amongst the northerners within the county is that they are subsidizing the south because that’s where the most loc al support service dollars are being spent.So after the 2000 census Blacks now make up at least 28% of the Fulton County suburbs, and still maintain over 60% of the population in the city of Atlanta, thus justifying the affectionate name of â€Å"Chocolate City†. Another varying phenomenon is the research numbers that show that even with a heavy influx of Asian/Pacific Islander into Fulton County and the city of Atlanta less than 1% actually migrated to the city while over 4% migrated immediately to the suburb.This further shows the trend of those even born in another country knows that to live in the suburbs in America is a matter of status more than anything else. Especially when the suburbs in European cities represent all the ills of their societies, and it’s literally vice versa. Our affluent residents look to leave the central cities, while European affluent residents look to live as close to the center of the city as possible (Paris, for example).Between 1950 and 1960 is when the greatest changes came to the region, with the city growing by almost 140,000 persons due to its annexation of the Buckhead suburb. The city of Atlanta varies from its suburbs in Fulton County for one main reason, the highway structure and volumes of he adquarters for major corporations and media outlets. While the suburbs in Fulton County are littered with strip malls and sub divisions, the City of Atlanta is filled with tall corporate buildings surrounded by winding and crisscrossing highway roads. The Fulton County suburbs are predominantly White (with a heavy influence of Russian and German ancestry), clean and quiet within the neighborhoods, while the City of Atlanta is predominantly Black, loud and busy (especially during the day), with stand still traffic on the highways during the morning and evening rush hours, covered under a layer of fog from vehicle emissions. The problem that â€Å"Chocolate City† and Fulton County will be facing soon is the lack of jobs even in this economy that may be on the rise.The burst of the dot com bubbles, the failing oil refineries, and globalization of businesses will surely have the residents of this once bubbling land of opportunity in Atlanta possibly fleeing again for greener pastures elsewhere, or fighting for jobs for even less pay with migrant workers or desperate residents willing to take almost anything that you would not, if you had a choice. So â€Å"Chocolate City† has been good to many minority workers, especiall y over the last two decades, however the sun may be rising and the chocolate sweetness of success may be melting sooner than one might think. How to cite Evolution of an Urban Area, Papers

Logistics and Operations Management in Tesco

Qustion: Identify component activities for the Tesco. Then evaluate the performance objectives used by each and critically examine and suggest ways in which the performance could be improved? Answer: Introduction Logistics and operations management are the two important areas in an organisation that are crucial to its overall performance levels. In order to perform the management of these two important areas of an organisation, it is essential that their methods of planning and organising such processes need to be focused. This is mainly because the effectiveness of planning and organising of organisational processes is crucial from the point of view of achieving success in the areas of operations and networking management. Operations management involves the performance of large number of processes and activities aimed at achieving operational efficiency. This in turn allows for delivering the products and services to the final consumers in an efficient way because the operational efficiency allows firms with the accessibility to competitive advantage. Apart from this, the logistics management is also known as establishing networking across different operational areas of the organisation so t hat the entire chain can be carried out efficiently and ultimately, timely delivery of the finished products to the final consumers can be ensured (Dlabay, Burrow and Kleindl, 2011). This report is aimed at performing an analysis of the component activities of Tesco Plc with specific attention being placed towards the oil business of the company. As a part of this component activity analysis, the assessment of the performance objectives as utilised by each such component activity would be performed, and the actual performance assessment of the company would result into appropriate recommendations for achieving further level of improvement in its performance. Analysis of Tesco Petrol Filling Station As the organisation chosen for the purpose of analysis is Tesco Plc, this section of analysis is now aimed at evaluating Tesco Plc in brief. Tesco Plc is mainly a supermarket retailer based in UK. The company has diverse range of operations, and Tesco Petrol Filling Station is known for selling petrol. The company has initially started selling its petrol in 1974, and it performs the selling of its petrol at most of its superstores and extra locations. The fuel as sold by Tesco is mainly developed by Greenergy. Tesco has also entered into business alliance with Esso, a part of Exxon Mobil and this has resulted into several filling stations on lease from Esso by the company. Tesco operates its stores under their express format. The company has been successful in selling petrol through its wide distribution network (Tesco Petrol Filling Stations, 2015). Identification of Component Activities in Respect to Tesco Petrol Filling This section of analysis is now aimed at analysing the component activities in respect to Petrol Filling Station Service as offered by Tesco Plc. An analysis of the component activity concept is essential before actually carrying out the evaluation in respect to Tesco Filling Station. The component activities are mainly the component parts that must be carried out by an organisation in order to accomplish the organisational goals (Greasley, 1999). As Tesco Filling Station, the primary goal of the company has been to provide best quality service and quality oil to its customers across wide geographic areas. In ensuring the delivery of such services, there are a large range of component activities that are essential to be carried out so that best possible services can be delivered to the final consumers. The component activities need to achieve operational efficiency so that the final consumers are provided with higher value for the money as spent by them. An analysis of the case of Te sco Petrol Filling station leads to the identification of key component activities such as providing values to the customers, providing oil filling opportunities to its customers, and assisting them with additional services (Tesco, 2015). Key Performance Objective in Relation to the Component Activity There are various important component activities that have been identified in respect to the Tesco Petrol Filling Stations. These activities are briefly summarised below and followed by this is the explanation of the objectives that the organisation seeks to accomplish from each such component activities. The important component activities along with their objectives are indicated below: Providing Values to Customers- This is an important component activity that has been noted in relation to Tesco Petrol Filling Station. As per this component activity, Tesco Petrol filling station seeks to provide higher values to its consumers for the money spent by them across different filling stations of the company. In relation to this, the important objectives are indicated as follows: To provide quality fuels to its customers that enhances their vehicle performance. To ensure the positive compliance with the British specifications for oil. To make sure that quality fuels are being availed from its suppliers that best comply with its requirements (Tesco Petrol Filling Stations, 2015). Providing Oil Filling Opportunities- The particular component activity is concerned with meeting out the needs and requirements for fuels within its customers. The important objectives as noted in relation to this particular filling opportunity are identified as follows: To ensure the availability of wide range of fuels across different destinations in UK so as to offer consumer value. To provide different grades of fuel aimed at meeting out the needs and expectations of its customers for diverse quality (Tesco Petrol Filling Stations, 2015). Providing Additional Services: At Tesco Petrol Filling Stations, the company not only aims at providing best quality fuels to its customers, but its aim also include delivering additional services to its customers. The objective in relation to this component activity is indicated as follows: To provide additional services in its petrol filling stations from its different range of products across other stores. To promote its petrol filling station service by offering wide range of food items from its Tesco departmental stores (Tesco Petrol Filling Stations, 2015). These are the important component activities that have been noted in respect to Tesco Petrol Filling Station, and there are different important objectives that are also noted. The next section analyses the actual performance of Tesco Filling Station with respect to the above identified objectives. These are indicated as follows: Tesco Petrol Filling Performance against the Objectives The analysis above has indicated about various such component activities in relation to Tesco Plc, and the objectives are also identified in this respect. However, the actual performance assessment is essential so that based on its current performance in relation to such performance objectives, appropriate recommendations would be provided. In respect to the companys component activity of providing values to its customers, an analysis of Tesco Petrol Filling Station in particular indicates that there are a range of activities that are considered by the company in providing values to its customers. As for example, within the oil segment, there has been categorisation being done by Tesco Plc in terms of Tesco Unleaded, Tesco Diesel, and Tesco Momentum. This categorisation is aimed at meeting different kinds of need of its customers. The company looks towards charging prices based on the quality, as best quality fuel is charged higher and vice versa. This particular strategy allows Tesc o in servicing its customers with higher value. In addition to this, additional values are aimed to provide to their customers by Tesco Filling Station by way of ensuring that its fuels are refined in its behalf which is aimed at cleaning and protecting the engine of vehicles. There are wide range of British Standards being used in order to maintain the quality levels of its different fuels such as : Tesco Unleaded: (BS EN228) Tesco Diesel: (BS EN590) Tesco Momentum (BS EN7800). These are some of the ways in which value is being sought to provide to the final consumers by the company. Apart from the component activity of providing value to customers, the analysis of Tescos Petrol Filling Stations component activity also shows that it aims at providing large range of opportunities to its customers. The organisation focuses on providing its customers with petrol filling opportunities across wide range of areas. In relation to this, the performance of analysis of Tescos Petrol Filling Stations indicated that there has been alliance being formed by the company with Esso and this allowed it in providing its fuel across wide range of areas catering to the needs and requirements of its customers. This alliance has allowed Tesco in increasing the number of Tesco Filling Stations which in turn has facilitated wider geographic distribution to the company. The sale of petrol can be increased by providing its accessibility to large geographic areas, and this kind of strategy in the form of alliances allows Tesco Petrol filling station in serving more and more of its customers (Nair, 2002). Finally, with respect to the component of providing additional services, the objective of the company is to assist its customers with other products and services. The performance of Tesco Petrol in this respect is mainly efficient because there are a large range of activities and initiatives that are considered by the company in order to provide additional assistance to its customers. As for example, there are petrol filling station kiosks which offer customers on-the-go convenience for their journey without charging any premium. There are tailored ranges of products that are offered across the kiosks of the company and with such additional services, the company do not charges any extra prices from its customers. Overall, the analysis of the performance of Tesco indicated that there is significant level of efforts by the company in order to achieve the desired level of objectives in its business performance. This has allowed it in achieving higher level of effectiveness with respect to meeting out its objectives (Tesco, 2015). Recommendations for Improving Performance A critical analysis has been carried out with respect to the performance of Tesco Petrol filling station in respect to its key component activities and the performance of the company has been analysed in this respect. Based on the analysis of performance, there are certain major recommendations that are considered essential and these are indicated as follows: Tesco Petrol Filling Retail should consider for additional ways of delivering its wide range of fuel to its customers. Although there are various such filling stations that are operational at the moment, yet it can achieve further level of expansion by way of focusing more on increasing the number of such stations (Meredith and Shafer, 2009). It is also recommended that the strategy of offering Kiosks is a good strategy, and it should be expanded to all the filling stations (Bakliwal, 2011). The value to the customers can be provided by way of providing them good quality of foods and services and also the good quality fuel. In this respect, the company should focus more on the refining process so that the fuel as offered would positively support the engines of customers. There should be additional value added services that should be considered by Tesco Petrol Filling Stations such as providing large range of options in selling its fuel. It can be in the form of discounts on huge purchases of oil by its customers, or it can also be in terms of supporting through accepting wide payment options from its customers (Lewis and Slack, 2003). These are some of the major recommendations that are considered essential and by focusing on them, improvement in the performance of Tesco can be achieved. Conclusion In this report, a critical assessment of the component activities of Tesco Petrol Filling Station has been performed, and there are important performance objectives of the company that have been noted in this regard. On the basis of analysis of performance, it has been evaluated that there are specific component activities in the operation of Tesco Petrol Filling Station such as providing values to customers, ensuring them larger opportunities and also making it sure that there are additional options being provided to them. The analysis of the performance of Tesco Petrol Filling has indicated that the company has been largely successful in providing these services and there has been improved overall performance objectives being achieved by it. However, in order to accomplish further level of improvements in its performance, it has been recommended that the company should look for expanding its reach by opening more such petrol filling stations. References Bakliwal, V.K. (2011), Production and Operation Management, Pinnacle Technology, pp. 1- Dlabay, L.R., Burrow, J.L. and Kleindl, B.A.(2011), Principles of Business, Cengage Learning, pp. 228-230 Greasley, A. (1999), Operations Management in Business, Nelson Thornes, pp. 176-190. Lewis, M. and Slack, N. (2003), Operations Management: Critical Perspectives on Business and Management, Routledge, pp. 45-54. Meredith, J.R. and Shafer, S.M. (2009), Operations Management For Mbas, 3Rd Ed, John Wiley Sons, pp. 123-143. Nair, (2002), Production and Operations Management, Tata McGraw-Hill Education, pp. 154-172. Tesco Petrol Filling Stations, (2015) [Online]. Available at: https://www.tescopfs.com/about-us/range Accessed: 03 April 2015].