The job of a salesperson ranges from order takers to order getters. Personal selling is the key to developing strong relationships because it is directed toward achieving mutually satisfying results between customer and seller, which will sustain and enhance future interactions this is very important because it is a lot cheaper to retain current customers than to attract new ones. However, “In a results-oriented environment, the foundation of many compensation systems, sales quotas can focus sellers and managers in a direction inconsistent with customer-oriented selling.”(“Evans”,
In a highly competitive business world, on a firm’s priority list is the subject of increasing profit and reducing cost. One might than pose the question, has this put them out of business (mom and pop store)? The answer is absolutely not, but rather, they too benefit from cheaper prices as they continue to buy in bulk and continue to operate as the name suggest, convenient
A positive effect of Kudler Fine Foods in a monopolistic market structure is that they lead in the market and can increase competition between companies and make massive profits by setting higher prices (Colander, 2010). An advantage of a monopolistic competition structure is the ability to set and manipulate product pricing with little consequence because of their strong product differentiation. A disadvantage of a monopolistic competition market is product differentiation can generate unnecessary waste, and advertising can also be considered
Apex should consider beta entry as an application innovation and a line extension to its current stigone market. Line extensions can provide low risk, given established reputation and customer base, and high revenues. Leveraging these two aspects, along with current category momentum, can generate high returns, Moore (pg 108-109). Apex can capitalize on their established brand and current stigone products and now redirect their efforts in the same market instead of starting over, Moore (pg 80). By continuing in the
This will mean the population will have more money which will go into the economy, this will mean more income for improving infrastructure and services. Also as TNCs move to other countries, job opportunities increase which means that the quality of life will generally improve too. Another benefit would be that the status of an area would be raised; this may encourage investment by other big name Multi-Nationals and most importantly will improve the countries economy drastically as valuable export revenues will be earned. Most important, they will benefit from cultural exchange creating a cultural integration. LEDC countries do not benefit as much as MEDC countries do, for example, sometimes much of the employment is low paid, low skill, long hours, meaning that the countries do not develop economically or give the opportunity to develop their skills.
Another external threat includes economic slowdown. The economy can play a direct role in the success of an organization, and should be monitored accordingly. Another external threat is currency changes which can affect business and sales in other countries, another area that should be monitored closely. With limitless external opportunities in markets online CanGo has room to expand in multiple markets outside of online gaming, books, and the music industries. With online market growth the opportunities for CanGo are endless, a very important factor to consider in the company’s future growth.
Technology Risk Presentation Tammy Radcliffe XACC/210 • Limitations of Technology for E-Business System Technology is crucial in the daily operations of any business. Production of services is related to the technology used and it encourages an increase in productivity. Upgrades in technology gives an organization advantage to the competition. This could be cost effective to the organization compared to hiring new employees and paying high salaries in the long run. Technology has had several downfalls as well.
Through the use of logical organization and segmentation an OS and computer hardware can effectively deal with user programs and data in the form of modules, gaining a number of advantages when it comes to memory management requirements (Stallings, 2012). Last we will take a look at physical organization. When dealing with memory we know that there are two types: main and secondary. Main memory gives a user fast access but comes at a high cost and volatility; secondary memory on the other hand is slower but cheaper and much more stable. In this two-level scheme, the way in which information flows back and forth is a major system concern (Stallings, 2012).
467). Open-source software is inexpensive, and many times free, attracting more users to revise, spread, and correct software for further advancement. Like copyright software, open-source software also provides users with suitable and valuable software. Gallaway and Kinnear (2004) suggest, “high returns will disproportionately encourage production of popular output over “serious and important works” and further that the resulting higher prices will reduce dissemination of the more worthy intellectual properties” (p.
There are all kinds of different forms of training, some more expensive than others. If a corporation is trying to cut costs because of the economy they should try using less expensive solutions, such as e-learning instead of instructor-led classes. Training should be limited to key areas that are really needed. Using internal employees to help train new or existing employees is a great way for the company to save money. Coaching or mentoring new employees is also a great way to train employees and it has the added bonus of a more personal touch that can be very effective.