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Owners of firms understand that lower prices will attract more customers. why can firms not always reduce prices until they increase sales amd profits?
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Why do some firms price discriminate?
to reduce the quantity sold so as to reduce production costs. to take advantage of customers. to increase profits. to increase total economic surplus.
Which would be the most likely cause of an increase in cooprate dividends?
an increase of corporate profits
What are international marketing objectives?
to increase profits
An increase in sales and profits generates the necessary cash required for economic growth?
An increase in sales and profits does not necessarily mean an economy will grow. The economy will only grow if the sales and profits are substantial in size.
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.
Do I need mobile application for my online store?
If you want to develop and promote your business, then of course you need a mobile app. It will allow you to increase profits and attract new customers, establish contact with existing customers and much more.
Should a company become a customer-focused business Why or why not?
Most businesses should be customer-centered because it will help them attract loyal customers. With loyal customers, they can maximize their profits for their shareholders.
What are the positive customers relation?
Positive customer relations are positive ways in which a company communicates and deals with customers. This helps increase profits, as well as better hospitality.
Why do some firms price discriminate?
to reduce the quantity sold so as to reduce production costs. to take advantage of customers. to increase profits. to increase total economic surplus.
Which would be the most likely cause of an increase in cooprate dividends?
an increase of corporate profits
What is a Customer and are they an asset or liability to the company?
customers are the persons who buy the products from the company..if they purchase products in cash then they give profits and increase asset of the company in form of cash...and if they purchase on credit basis then also they give profits and increase the asset of the co in form of debtors..also some customers default in payment when they take credit then it is known as bad debts which decrease the assets of the company..!
What are the smart objectives for KFC?
The smart objectives for KFC are to provide quality foods to their customers, increase profits, and to maintain the reputation of the company by providing good service.
What does increase walk-in customers to a location mean?
Walk-in customers are the customers that do not have an appointment and are the ones that you cannot necessarily always accurately plan for. Nevertheless an increase in walk-in customers of course increases profits. Not only in the short term but also in the long term. If a walk-in customer has a good experience in the business then he or she will probably return to that same business the next time they require the same kind of products and services. Also, they will probably even put in a good word for you business and your profits will grow because of that even more.
Sms Messaging?
SMS text messaging is the perfect marketing tool for restaurants. Restaurants rely on loyal, repeat business customers to profit and stay alive. In some cases 80% of your sales come from your regulars. When marketing and advertising you have two choices. You can increase sales by advertising to attract new customers or you can market to your existing customers. Restaurants often make the mistake of marketing to these two different groups the same way. It is unfortunate because by making a few changes in the way you market can save you big money and increase your sales and profits with the same action.
What is Mcvities mission?
To increase profits
Social responsibility of a business management to society?
Businesses have a social responsibility to act ethically. When businesses act ethically, they are able to increase their profits because more customers will choose to purchase from them.
How might a firm increase its profits by raising its wages?
A firm might increase its profits by raising its wages to attract more qualified staff. The staff may stay longer and be more committed and good at their jobs as a result of higher pay. They will be happier which will result in increased customer satisfaction. The firm will make more money as a result of having more efficient workers.
