Discuss how Fruit First Ltd benefits the local and national economy - Leaving Cert Business - Question B - 2008

The company sources fresh fruit locally, leading to increased business activities in the area. This boosts the local economy because it generates more income and supports other local suppliers. Additionally, profits are reinvested back into local businesses, promoting further economic growth.

Fruit First's success instills confidence in the local community, encouraging entrepreneurship. The presence of such a successful enterprise can lead to other businesses setting up locally, especially in related fields such as transport, distribution, and agriculture, thereby enhancing the economic environment.

The business contributes to government revenue through VAT on goods sold and additional income taxes from the increased number of employees. As profits grow, the corporation pays taxes, further supporting national economic initiatives.

By selling products abroad, Fruit First Ltd brings foreign currency into the local economy. This not only strengthens the financial stability of the company but also supports the development of international business relationships, broadening market opportunities.

Promoting a healthier lifestyle through the consumption of smoothies aligns with national health policies. As consumers become more health-conscious, the demand for Fruit First's products may contribute positively to public health outcomes.

Investing in research and development allows Fruit First Ltd to widen its product range, promoting innovation and sustainability. This investment signals to the community and beyond that there is a commitment to growth and a sustainable future.