To do this, organisations need to be aware of the following: * Identify what customers are buying and what benefits they purchase * Understand why customers will or do purchase * Know when customers are likely to buy By knowing the customer, organisations can plan to meet their needs. Some other aspects they affect consumers purchasing decisions are: * Location * After sales support * Presentation *
P2: Distribution of retail goods Distribution channels covers three sectors of industry, Primary (Raw Materials) Secondary (Manufacturing) and Tertiary (Services). Distribution centre is part of a logistics chain which include trucks delivering and picking items from the workhouse, movement of goods via: * air * road * train * ship Size of distribution centre is deepens of the business is serves. Businesses would have to plan how they are going to distribute their products or services to their existing customers in order for them to sell. Distribution channels would have to make sure that they give the product or service to the correct people and at the right time, it is very important that they are able to make their profits and efficiency when a customer purchase a product or a service. The customer may have bought it straight from the business or the producer of the product per through the retailer or the wholesaler.
Considering alternatives to our problem, I started by examining the facts. These included reports from quality control, accounting, the loss prevention department, and our legal department. I also had to take into consideration for additional production costs, time, and repackaging or replacement of the whistles for this order. I then identified who the stakeholders were in this issue. Those who are going to be affected by the three alternatives are; the customer, consumers, government regulators, our employees, and the company as a whole.
14-21 ( Objectives 14-3 , 14-4 , 14-5 , 14-6 ) The following questions deal with internal controls in the sales and collection cycle. Choose the best response. a. When a customer fails to include a remittance advice with a payment, it is common for the person opening the mail to prepare one. Consequently, mail should be opened by which of the following four company employees?
Explain the term ‘globalisation’ and the role that multinational companies play in the development of globalisation. Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services and has therefore lead to increased trade between countries. This trade encourages countries to work together and removes trade barriers such as quotas and tariffs. This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country.
Society and community have an important impact in the decision of the consumers. In this globalized modern world the social factors are as influential as the psychological. Economics, culture, trends, peer pressures, to mention some social factors are influential in the products and services that consumer purchase. This document explores the consumer behavior and its nonstop process. The authors provide an analysis of the influence of consumer purchasing, the increase of shopping centers across the United States and Europe, famous trademarks, among other social manipulations are constantly changing the mindset of the different
Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). * Your name * The contract should state your job responsibilities. * Your hourly pay, information about holidays and sickness, * Date employment commenced. * If there is a probationary period and how long * Pensions * Brief note on confidentiality * Disciplinary actions * Dismissal procedure 2a) List three key points of legislation that affect employers in a business environment.
Liquidity Ratio Calculations: Current Ratio = Current Assets / Current Liabilities $147,800 / $90,283 = $1.637:1 Acid-Test Ratio = (Cash + Short-Term Investments + Net Receivables) / Current Liabilities $89,664 + $0 + $51,869 / $90,283 = $1.567:1 Receivables Turnover = Net Credit Sales / Average Receivables ($1,109,295 - $89,664) / [($51,869 + $81,557) / 2] = 15.283 *Average Collection Period = 365 / 15.283 = 23.883 Days When evaluating Huffman Trucking’s ability to pay off short-term debt and maturing obligations, it’s imperative to analyze the company’s liquidity. Utilizing the current ratio to analyze liquidity, which compares all current assets to current liabilities,
Answer: A Explanation: A) The embedded HR unit assigns HR generalists directly to departments like sales and production to provide the localized human resource management assistance the departments need. If employees are unable to receive the HR assistance they need on a regular basis, then it would be appropriate for the firm to assign HR generalists to each department as a direct line to the HR department. Diff: 3 Page Ref: 6 AACSB: Reflective Thinking Chapter: 1 LO: 2 Skill: Critical
A strong interest in marketing. 3. A desire to learn about retail management and principles. MARKETING - Department Code: MKT INTRODUCTION Rapidly increasing global competition, emergence of new markets, and technological advancements make today’s marketplace a highly dynamic and challenging environment for companies. Effective marketing is therefore crucial for organizations to