This means that they could adopt a computerised accounting system to deal with financial transactions and many staff can help them do this these transactions. Computerised Accounting system can benefit them because they can do all their calculations in the computer which helps them to do their work quickly. Rumble is a small business so they will have less staff. On the other hand If Rumble did not have many staffs this means they won’t need to adopt a computerised accounting system because it is too expensive and also manual accounting system could help them instead if they had less staff. In this case Manual accounting system is easier for them to handle with their calculations through sales day book, petty cashbook and cashbook.
The internet has three main advantages compared with traditional retail outfits- these are: 1. Convenience- shopping online saves time including travel time, the cost of the park charges and the hassle of standing in the queue at the checkout. 2. Choice – have the ability to access to a massive range of products and services from all over the world, this can be gained through using the internet for shopping. This is the by the far the biggest advantage over the internet.
My suggestion: In order to attract more customers and improve their financial performance, Calyx Flowers (“Calyx”) should increase internet advertising. Argument in support: • The internet advertising requires less capital than other options do • Internet advertising allows a more targeted market segmenting and higher target reach. • Online advertising avoids expensive long-term contracts, can be placed in a short amount of time, and can be launched on demand. i.e. Calyx can run a mass of online ads in a short period of time such as before busy holidays like Valentine’s Day and Christmas even on a relatively tight budget.
Among the many benefits to Kitchen Karousel, this solution offers reliability and ease of use. The premise is that Kitchen Karousel requires more than just getting a customer through the basics of the checkout process. Kitchen Karousel is investing a considerable amount of time, effort and money to find a customer so when the customer is ready to make their purchase, it's critical that Kitchen Karousel has a system that encourages the customer to buy more products instead of expediting them out of the sales funnel. Premium Web Cart offers a multitude of built in techniques that can be implemented. Once the customer comes to the website, they can browse through the specialty products until they find the product(s) that they are interested in purchasing.
KFF wants to save some cash so posting weekly advertisement on Craigslist is also not a bad idea. The live chat on the website can deliver more intimate experience of shopping to the
Comparison to other innovations mentioned at the end of the case. At the end of the case Ives mentions the way customer services have transformed due to customer convenient and cheaper fulfillment alternatives. Some of those technological innovations in those fields could be compared to web-based shopping and online grocery shopping and sometimes they cannot be. Banking: Banking could be compared to buying a commodity. Instead of going to the clerk, one can go to the ATM and withdraw money.
Since Microsoft offers many programs that will be useful in organizing the business, and is usually included with new computer purchases, this is the software I recommend. This is also a familiar program to most users as well as user-friendly. Once all is installed, apps that can be found online can also be implemented at a later date, such as several Google applications that are pertinent to this business. I recommend Ruben and Lisa purchase smartphones that will provide remote connectivity to the business computers to allow each of them the freedom to access information from remote locations should the need arise. This will also enable them to perform many tasks from anywhere without the need to physically be in the building.
There are tons of things to do on daily basis and having a list with sorted out priorities really helps. Making weekly, bi-weekly or monthly schedules can also reduce the risk of overlapping assignments or appointments. Prioritizing tasks and activities on a list with easy to follow legends like high, medium or low priority can help managing time effectively. Keeping a calendar is really useful. Sites like www.google.com offer calendar services that we can carry with us on our smartphones.
Capital is used to generate income, capital, or money is used to make investments that will generate more income. Capital is also obtained by selling stocks which is monies used to build the business or for operations aka working capital Debt: monies owed. Debt is what is borrowed and be repaid. Loans, a debt security is one form a debt and the issuance of bonds is another form of debt Yield: is simply a return on an investment. Yield are expressed in percentages designating the amount expected to receive on an investment in the form of interest and/or
It also provides recycling options to its customers2 * Price: Timbuk2 offers a considerable range of prices, with the custom messenger bags being slightly costlier than the new laptop bags, as the custom messenger bags provide wide range of choices * Sale/Availability: Timbuk2 has a company website that offers a multitude of options for customers to design their own bags with great ease of navigation, order tracking, store locators and finally hassle free payment options. New Laptop Bags While all factors listed above hold good for the new laptop bags, the product, cost and the delivery