Analysis what sense can you make of the situation Conclusion what else could you have done? Action Plan if it arose again what would you do? 2. Why is reflective practice important? Answer Reflective practice is important as it enables you to achieve a better understanding of yourself, your skills, competencies, knowledge and professional practice.
* What are the distinguishing elements of a customer-driven quality requirement? What elements are unique to a customer-driven quality requirement? Why is interfacing between the provider and the customer so critical in the successful implementation in customer-driven quality requirements? * How does one evaluate the characteristics of a quality tangible product? How important would reliability and dependability factor into your evaluation?
What evidence suggests that Cash Connection’s strategy and business model are ethical and beneficial to customers and to society at large? What evidence suggests the company’s strategy and business model are neither ethical nor beneficial to customers and that the entire payday lending industry has few if any redeeming qualities? * There are many evidences suggest that Cash Connection’s strategy and business model are ethical and beneficial to customers and to society at large. Cash Connections is not breaking any legal laws which may lend people to think they are ethical, but does Cash Connection pass the moral test is the question. Cash Connection as well as other lending organizations is taking advantage of the hard times individuals have fallen on but at the same time the lending industry is beneficial in that it provides more than 150,000 jobs and contributes up to $10 billion to the U.S. gross domestic product.
The project’s Internal Rate of Return (IRR): In this case, something truly wondrous IS happening at the discount rate at which the NPV line cuts the discount-rate axis: it is the discount rate at which the NPV of the project would be exactly equal to zero. In finance, this rate is called the project’s “internal rate of return” or IRR. It is a much-used concept in the real world of business. The IRR has its name because that rate is determined strictly by the cash flow of the project—is “internal” to it—and is not at all related to the firm’s cost of financing (k) at all. For normal projects in which one or several cash outflows are followed by a series of only cash inflows, we can offer you the following decision rule concerning the IRR of a project 2
To stay profitable, sellers must receive minimum prices that “cover” their marginal costs (McConnell et al., 2009). If selling a particular service generates more revenue than what it costs then sell it, if not then don’t. Pricing and Non-Pricing Strategies Pricing strategy is how a business depends on how to maximize profits. According to (McConnell et al., 2009) not all sellers must create or accept a “one-for-all” price. Most firms have “market power” or “pricing power” that allows them to set their services prices in their best interests.
Grocery stores are in competition with smaller markets like Kudlers and Whole Foods. If the brand name grocery stores like Ralphs and Vons did not offer organic and specialty items, the market structure of Kudler Fine Foods would differ. This market structure positively affected Kudler because there was no barrier to entrance within the quality foods market. What negatively affects the company with this market structure is that they are compared to big companies who are able to supply some of these rare items at a more competitive price. One of the marketing strategies that ensure the company of long-term profitability is the personal relationship built with the customer base.
Pro Forma Thomas Walker MGT 300 November 21, 2011 Instructor Trent Dodds Pro Forma Entrepreneurship allows an individual to experience the joy of doing a job he or she loves while taking control of one’s own destiny and providing societal contributions. Despite surmounting wealth there are potential drawbacks. Launching a business requires a huge undertaking of the entrepreneur’s time and energy. There is no way to guarantee the venture will survive, grow, or produce a profit. Developing a strategic business plan to manage capital and human resources is quintessential to escaping some of the potential pitfalls.
The advantages to a sole proprietorship are, there is no startup cost, and you just simply start collecting money for exchange of services or goods. You set your own hours. You decide how much or how little you work. You also decide what contracts to enter. Disadvantages of a sole proprietorships are, you can’t transfer or sell the business.
However this does not mean that these items are now worthless to everyone. To dispose of them incurs cost such as transportation to a recycling centre or rubbish tip, there may even be a financial charge for the centre to accept the items. Taking this into account we can now see how even though the former owner considered the used consumables to be of no value they are still subject to costs and market forces, in fact they actually have negative worth as it is costing money to get rid of an item or items that are no longer wanted. This brings to our attention the 'rubbish business'. Here an entire industry has found great value in
They believed that your life should not be driven by materialistic goals or other external forces. Walden, another transcendentalist said to “not seek so anxiously to be developed, to subject yourself to many influences to be played is dissipation”. Walden stressed the idea that if you cannot afford things in the first place you are forced to experience the basic vivacity of life. It’s easy to see that today people are fighting to keep up with the Jones’s. Jobs are something given to make money, money to buy things, the job is not usually chosen to “front the essential facts of life”.