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Aims and objectives for a small medium and large business?
Aim for a small business can "Survival", to survive in the market and look for profits. Aim for a medium sized business would be to maximize their profits and growth to expand their current business operations and increase market share. Aims for Large business would be external growth,i.e taking over their competitors in the market. Secondly it would be adding value and quality to their products, and finally providing service to the community in some way, like giving funds to charities and opening up it's branches in development area where development is required.
What are the advantages of field market research?
It would allow the business or entreprenuer to see if the business would be succesful, as market research determines whether the product or services are in demand. Therefore it would mean that money would not be wasted on an unsuccessful idea.
What are some reasons that a company would have for giving out a promotion code for a product?
A company would give out promotion codes to customers for a product in order to increase market share. As the best marketing tool is word of mouth, promotion codes will please customers who would then tell their acquaintances about the experience.
When is market segmentation likely to be unhelpful?
Market segmentation will be unlikely to help a business if they already have a very small, niche market. If a business is so specialised then trying to segment it into social classes will be pointless to the business as they already have a specific target market. An example of this is a high-end art gallery. The art gallery will already have a social class A market as the artwork would be very expensive to buy and so therefore market segmentation would be pointless to use.
What is the current demand in target market for business plan?
How many people would buy the product/service your business offers
Why the objectives increase profit by 10 percent and increase market share by 5 percent may be difficult to achieve at the same time?
Simply because - increasing the price to gain the 10% profit gain is easy. Selling goods at the inflated price may price you out of the market - thus you would fail to increase your market share. Customers will always want value for money !
Aims and objectives for a small medium and large business?
Aim for a small business can "Survival", to survive in the market and look for profits. Aim for a medium sized business would be to maximize their profits and growth to expand their current business operations and increase market share. Aims for Large business would be external growth,i.e taking over their competitors in the market. Secondly it would be adding value and quality to their products, and finally providing service to the community in some way, like giving funds to charities and opening up it's branches in development area where development is required.
Does an increase in common stock increase or decrease cash flow?
Increase in common stock would mean increase in stocks available for sale but that depends if the face value or market value per share increases too. If it increases, then there will be future cash inflow to the company when the said stocks available for sale are sold. If there is no increase, it will not affect the profitability of the business because it just means stock splits.
Suggest appropriate aims and objectives for a small business?
2 Suggest appropriate aims and objectives for a small, medium and large business. Aim for a small business can "Survival", to survive in the market and look for profits. Aim for a medium sized business would be to maximize their profits and growth to expand their current business operations and increase market share. Aims for Large business would be external growth,i.e taking over their competitors in the market. Secondly it would be adding value and quality to their products, and finally providing service to the community in some way, like giving funds to charities and opening up it's branches in development area where development is required. Anonymous
If Dell computers was seen as having a 120 percent market share and a close competitor has 90 percent market share the market share analysis would express as?
Relative
Why is first impression important for travel and tourism?
As many other business fields you would want to impress you customers, target market with your product. If you are a visionary, then you would want to retain and increase your market share. The one thing about travel and tourism is mainly an experience, and that is intangible. As with any other product the competition is fierce and the first impression would be what would draw a customer to your product. Hope this helps
Discuss the relationship between a businesss level of operations and it market share goals in terms of the macroenvironment Illustrate with the help of examples?
Questiondiscuss the relationship between a business's level of operations and it market share goals in terms of the macro environment. illustrate with the help of examples?Get the answer below Sponsored LinksMBA in LondonMBA with 2 year Work Permit Be in London in a Month!www.westbound.org Study Marketing - IrelandCome to Smurfit School & Become a Master Marketer. Expand Your Careerwww.SmurfitSchool.ie/Marketing Marketing Plan ProGrow your business with a solid marketing plan - Marketing Plan Prowww.paloalto.com/marketing_plan_proAnswerRENUKA,HERE IS SOME USEFUL MATERIAL.REGARDSLEO LINGHAM===========================================================================THE COMPANY ARRIVES AT THE FOLLOWINGDECISIONS AT THE END OF THE SESSIONS:1.MARKET SHARE % GOAL/ OBJECTIVE.2.SALES FORECAST / TARGET3.REVENUE BUDGET4.GROSS PROFIT BUDGET.5.NET PROFIT BUDGET.6.SALES TOTAL FORECAST.7.SALES BY PRODUCTS.8.OPERATIONAL EXPENSES BUDGET.9.FIXED EXPENSES BUDGET.10.PRODUCTIVITY IMPROVEMENT %11.PROFITABILITY INCREMENT %12. RETURN ON INVESTMENT.THIS IS HOW a business's level of operations and it market share goals is linked to the macro environment. The strategic business level operations are the operations which are used to maintain the economic position of the business in long term. The relationship of strategic business level operations with market share is direct.For example, a company tries to introduce a new product for increasing business it is the strategic business level operation. If this try succeeds, i mean the company succeed to increase its business due to its success in this product and face loss, the market share would be affected and its value would be increased. Well dear!The strategic business level operations are those operations which the business carry out to maintain its position as an economic viability in the long term. It has the direct relationship with the market share of a company from one perspective. For example, if a company wants to diversify its business and want to introduce a new product in the market then it would be a strategic operation of the company and if the product fails then the company can have financial loss and market shares of the company will be affected and vice versa.strategic business level operations Market share refers to that portion of the total market that is controlled by a particular entity. E.g. If Acme Corporation manufactures a product X in the Chemicals market. There are ten other companies making ten other products. The total sales of all these products put together are $ 100 million. The sales of X are $ 10 million, then it is said that Acme Corporation has 10 percent market share.But real world business is not as simple as this; market share could also refer to the sales in a particular geographic area. It could also refer to a particular distribution channel. E.g. market share in the original equipment manufacture channel. In most markets companies will have more than one product. In such cases market share will be denoted in terms of target segments. E.g. high-end segment, middle segment, lower end segment etc. Companies are constantly thinking of ways to increase their share in the market.
Why did some people believe that lack of competition would hurt consumers?
Theoretically, competition keeps prices low because various firms vie for the business of consumers. When they compete, they attempt to win a larger market share by lowering prices. Therefore, if competition is lacking, prices will increase. Take a monopoly for example. No competition means they can set really high prices.
Does a bull market occur when business conditions are bad?
No, a bull market is associated with an upswing in the market, which would indicate that business conditions are good. A bear market is associated with poor business conditions.
Why would a business choose to sell goods or services at cost rather than at a profit?
The business may be at an introductory stage in its life, where it is breaking into the market and trying to get noticed by the consumer. A way of getting noticed is to have very low retail prices compared to the competitors, which will attract consumers to your business, where you can then increase prices once the business has a reputation in the market.
A company that wanted to increase its capital through equity financing would most likely get involved in what?
1. A company wants to increase capital using equity financing will involve in issuing share capital to public for subscription.
When a firm is maximizing profit what else will it maximize?
When a firm maximizes its profit, it automatically maximizes its shareholder value. When both profit and the shareholder value increase, in course of time, the overall firm value will increase. All these would undoubtely increase its share price in the market as well.
