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Case study how to price your products to increase profits by business owner may -june 1995?
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∙ 12y ago
case study on howto price your products
Wiki User
∙ 12y ago
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Can short term profitable decisions cause firms to lose customers in the long run?
Yes. For example, a business could add a new line of products. Customers could at first buy them, but later find out they are inferior products. Unless the company is willing to back up their product, customers are likely to be lost. Another example is a service business that hires a new employee to work on repairs. At first, the employee increases the number and speed at which repairs are made and more profits are made. Later, the owner leaves the employee alone to do the repairs and he damages customers items, does not finish repairs, etc. Depending on how the owner handles the issues (satisfying the customer and taking a loss, trying to cover up his employee's mistakes, etc.), the owner could lose customers due to hiring that employee.
What is business selling?
It really depends on the use of the term actually. I believe you are asking about the actual sell of a company - from one owner (or owners) to a new owner (or owners). From the standpoint of a business broker, business selling is exactly that - selling a business as a complete package. This normally includes all products, financial holdings, assets (and debts), storefronts, websites, and brand marketing material; such as logos and slogans. For more information, you can check out http://www.sunbeltmidwest.com/sell_a_business.aspx
Would online business cards promote the business or the business owner?
Online business cards would promote both the business or the business owner. It depends on what you put on your business promoting cards online. Good luck to you.
What software would a small business owner use too maintain a mailing list for his her customer?
A small business owner would use email marketing software to maintain a mailing list for his or her customers. An example would be VerticalResponse.
Three types of business?
Businesses can be broadly categorized into various types based on their industry, purpose, and structure. Here are three common types of businesses: Sole Proprietorship: Description: A sole proprietorship is the simplest form of business structure and is owned and operated by a single individual. Characteristics: The owner has complete control over the business, takes all profits, and is personally responsible for all debts and liabilities. Examples: Small local businesses, freelancers, consultants. Partnership: Description: A partnership is a business structure in which two or more individuals share ownership, responsibilities, and profits. Characteristics: Partnerships can be general (where all partners have equal responsibility) or limited (where some partners have limited involvement and liability). Examples: Law firms, accounting firms, small businesses with multiple owners. Corporation: Description: A corporation is a legal entity that is separate from its owners (shareholders), and it is formed to conduct business. Characteristics: Owners have limited liability, and the business has a distinct legal identity. Corporations can issue stocks to raise capital. Examples: Large publicly traded companies like Apple, Microsoft, as well as smaller private corporations. These are just a few examples, and there are other business structures such as Limited Liability Companies (LLCs), cooperatives, and nonprofit organizations. The choice of business type depends on factors like the nature of the business, the number of owners, liability considerations, and tax implications. For more business ideas please visit eraofbusiness.
What is the salary of a owner of a business?
Owners of a business generally do not get a salary, they get a portion of the profits.
The owner has unlimited liability but collects all the profits from a business?
When an owner has unlimited liability and collects all of the profits for the business they are considered a sole proprietor. They can make all of the decisions about the business without dealing with a partner.
Which type of business does the owner not have to share any profits?
privately owned business owners share no profits. they pay taxes and that is not sharing profit.
Why does a business want to make a profit?
Money is a gauge of value. The more value a business gives to it's customers, or the more customers it can add value to will increase it's profits. A business desires profits so that it can expand, develop new products, do market research to find what it's customers need, and to reward those who took the risk in investing in a business before the profits would be known. Profits can be used to build new buildings and hire new people. For many small businesses, the business owner is the last to get paid, and those profits represent their income. Many businesses are charitable and donate to local schools, scouting groups, and other charitable causes. If there is no profit, there are no incentives to be the best, to develop better products, and to better serve their customers.
What the owner has unlimited liability but collects all the profits from a business?
sole proprietorship
What are the advantages and disadvantages of business entity concept?
The advantage of the sole proprietorship is that the owner of the business enjoys all the profits alone. The disadvantage is that the owner of the business bares all losses alone.
What transactions increase in one owner's equity equals decrease in another owner's equity?
Profits would increase owners equity, loss and drawing would decrease an owners equity.
Disadvantages of being a sole trader?
if the owner of the business ill or goes on holiday they will lose profits
In a the owner has unlimited liability but collects all the profits from a business?
a dinosaur the correct answer is a sole proprietership
In a the owner has unlimited liability but collects all the profits from a business.?
a dinosaur the correct answer is a sole proprietership
When the owner issues a check to pay their bill known as a draw what happens?
As a business owner, you may be paid a salary, or you might take a draw as an owner. How you receive money from the business depends on the type of business. If you are an owner of a sole proprietor business, you can take a draw from the business for personal expenses. This draw is not a deductible business expense; it's just money you take from profits (assuming there are profits!) to pay personal bills. When you take a draw, you should write a check to yourself from the business checking account and deposit it in your personal checking account.
When an owner deposits cash in an account in the name of the business it is an increase to?
When an owner deposits cash in the bank account of his business, the bank account (assets) will increase in his books and payable account (Liabilities) will increase in the books of the bank.
