P5 Explain how internet marketing has made a selected business more efficient, effective and successful. The opportunities for business efficiency based on the increasing availability of the web technology which gives Perfect Paints all kinds of opportunities to speed up the interactions with both suppliers and customers. Therefore this can lead to a number of efficiencies. Firstly, the supply chain efficiencies is when a business will always be both a buyer and a seller, buying products from other businesses, buying product from others and selling to others or private consumers. A company like Perfect Paints has to buy the materials it used before it can sell finished products.
It is too easy to assume that they are just not capable of performing any better. Usually it would mean that they are demotivated so you then need to look at why they might be feeling demotivated and what you can do to help to rectify this. The appraisal process should be used to get the employees point of view and discuss what each party could do to re motivate them and get an improved performance from them. These could include more training, improved working conditions or possibly solving employee disputes etc. You obviously cannot just give in to all demands an employee might make however and you have to discuss options in depth and try and find suitable outcomes to benefit both parties.
The local government will influence the opening of the store as if the government does not agree with letting the shop open, it will not succeed. Also if the business is causing litter problems and there have been complaints off it from customers then they could tell them about it however they would not have the power to shut the business down or affect profit maximisation therefore it won’t influence the business a great amount. The national government will only influence the business by setting standard, in which the company must for-fill, such as, hygiene, health and safety, quality of food, etc.. and if the business does not reach these standards the store could be closed. In some ways this could affect the profit maximisation of the business as training would need to be required to the staff for health and safety, although this would not affect it too much. If the company wanted to keep the customers satisfied they would exceed these standards anyway therefore the government is not a great
Ensure information is up date and secured from a reputable source are the only ways you can be sure of its validity. Gathering raw data instead of correlated data can also prevent bias. Methods of collection are: * checking research provided by others * checking written material including referrals and client files * classification tools * individual research * information from other organisations * interviews with colleagues/customers * observation and listening * previous file records old information Outdated information gives misleading and in accurate facts which could have a huge impact on decision making. This information is only useful when looked at in conjunction with new facts and figures as part of a reflection process. It could have huge financial implications for businesses and presenting this misinformation to others could also mean damaging you reputation interpersonal skills Using interpersonal skills can be a very powerful method of collection especially in the workplace where it can help you to save time.
However they would have notify customers of the use of the technology in their stores, as underage people may wish to avoid the stores which could lead to a decrease in sales from the stores who use the system. The storage of customer details may also provide opportunity for the company to benefit, as it may allow them to send customer advertisements or flyers, promoting their business and special offers analysis. The convenience of the technology is vast, but the initially costs as well as maintenance may be large, and to justify the use of the technology it would have to be ensured that it is worthwhile, depending on the size and revenue of the store. Also if the technology was not reliable it could lead to further large costs for the company and would be very inconvenient to employees and possibly customers, possibly leading to a decrease in sales
They need to make it more well known that their lower prices are helpful in these economic times. The post office could also have special holiday deals and coupons that you could print online to lure people to the post office. The time for USPS to expand and try new things is now. Source A brought up the idea from David Houle saying that USPS should try to gain control over government broadband. Houle states, “that would define the postal service, rather than just a team of letter carriers”.
This question does not suggest that your audience is stupid or uneducated. As we saw in Chapter 1, there is a great deal of confusion today about such matters as free will, truth, knowledge, opinion, and morality. Many intelligent and educated people have fallen victim to ideas and attitudes that cripple their creative and critical faculties. In many cases, your audience will appreciate your insights only if you first help them get beyond their misconceptions. Is Your Audience’s Perspective Likely to Be Narrow?
It varies among products because some products may be more essential to the consumer. Products that are necessities or ‘need’ are more insensitive to price changes because no matter what happen, consumers would continue buying these products despite prices increases, even though, consumers might buy less, but overall, it’s least affected by these changes compared to the products that may not be necessary in daily life. Elasticity of demand for Californians for reduction in price from: I. £18 to £16 Price elasticity = %
I think that using common sense you can choose what product is good and which is bad and if you should go one route or if you should go a different route. In business you have to use your head but when it comes to for example his product then you are choosing a product with harsh chemicals or a product with less harsh chemicals, better for the environment, and good for the people using it then it should be common sense however many companies because of cost will go with harsh product because it is cheaper but they aren’t using common sense. I agree that in many
If people cannot relate to, or understand what one has to offer then will not be interested and willing to give the product a shot. Understanding is the major marketing strategy, because without it, businesses will fail, and the key to it is communication. Understanding is the "magic" (Oosthuizen, 2004) and this magic always add more value to the product. Major problem could arise if the consumer does not understand and like the product. For instance, the Virgin media digital box, (Virgin TiVo) which can now record three programs on different channels at the same time while you can watch the forth channel without the fear of losing a recording or missing your favourite program.