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· How do they ensure customers (students) get value for money?
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∙ 10y ago
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Nature and purpose of business?
The purpose of businesses is to make money. Businesses make money by providing products and services for their customers. The more customers value these products or service, the more they will pay for them.
What is the mission statement of argos business?
Argos' mission statement is: 'We provide our customers with the best value for money through the most convenient shopping experience'. Argos' mission statement is: 'We provide our customers with the best value for money through the most convenient shopping experience'. Argos' mission statement is: 'We provide our customers with the best value for money through the most convenient shopping experience'.
Goals and stragety for Hyundai motors?
Goals - make money by selling cars, staying in business Strategy - to appear to offer good value for money in order to attract customers.
What are the aims of subways?
- To make profit - Value for money for our customers - Compete against other similar competitors - High sales - Ensure store is clean and compliant to the hygiene rules set out by subway
Why does a business value its repeat custom?
they value the repeat custom as if they can get customers to return they will make maximum profit within the organisation.
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 sentence can good will be used in?
Sometimes a business will value its good will, and actually sell it as part of a business deal. Good will assumes a business's relationship with its vendors, partners and customers.
How interest rate affect business?
Interest rates affect the value of money. Businesses depend on money. So when money has a higher value, businesses are happy. When money has a lower value, businesses are not so happy.
How can interest rate affect business?
Interest rates affect the value of money. Businesses depend on money. So when money has a higher value, businesses are happy. When money has a lower value, businesses are not so happy.
Why is the Time Value of money concept important to a business?
Time value of money is very important to any business especially business have more than one investment schemes. Time value of money means $100 received or earned today worth more than couple of years after. Therefore, business need to calculate time value of future cash (i.e. present value of future earning expectation) to choose best option.
What is it called when money loses its value and business raise prices?
inflation
Name three types of expectations of customers?
1 ) value for money 2) service 3) quality
