An inventor named Will Bury who whole-heartedly believes that readers of all ages will be listening or reading books on digital devices. The transition from hard copy books could be an invention that changes how the people of the world purchase these types of goods. Bury is aware that currently, these same books are available on compact discs, but he believes that these are an expensive purchase for consumers. He also believes that costs can be cut by having the digital device translate the books instead of having to hire humans to translate the book to a compact disc. The only thing that may cause some conflict in his idea is that when a digital device translates a book, it could sound digitized and readers or listeners may not adapt to the sound as easily as a human voice. Bury has thought this process through and has invented and patented technology that allows the digital device to take the printed text and develop a file that has an option for the reader to listen to a digital voice or listen to a synthetic human voice.…
Kmart and Sears, have been using a product used in many retail industries, a shopper loyalty card; this is a concept that has been in the industry for decades however it is new to this organization. This proposal will present the market structure for this program, price elasticity demand for the product, profit-maximizing quantity, price and non-price strategies, and production costs. Define the current global economic conditions and their effect on the local macroeconomic indicators. Define the local economies current stage in the business cycle. Describe how the current market conditions will affect the planning or operating decisions involving the product.…
There are 22 FM and 15 AM stations covering the West Tennessee area. Memphis listeners can choose from a selection of programming which includes, classical,…
Elasticity of demand tells if a product will sell less or more if the price changes in either direction. The elasticity of In and…
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Discount Part Supplies has now been open for three years and the volume of our customers has rapidly increased within the last fiscal year. In order to keep up with our supply and demand it is vital that we pursue a more efficient method of record keeping. The use of pen and paper to track Sales and Customer Data is becoming outdated. Our competitors are currently upgrading their form of record keeping by converting to a more proficient and well-organized method.…
Kokemuller, N. (2014). Small Business: What the Price Elasticity of Demand Shows and How Substitutes Affect Elasticity. Retrieved from: http://smallbusiness.chron.com/price-elasticity-demand-shows-substitutes-affect-elasticity-74171.html…
Improve your bottom line by using the most comprehensive and complete GPS tracking available today.…
My business idea is a sound one and will be brought to a successful fruition of the desired goals by following this Business Plan and making adjustments wherever necessary when the business environment calls for the changeThere is no similar business as this in Bogotá at the present time and with proper location selection, menu design and staffing there will be no valid reason for the business to fail.The personal will be staffed by principally younger people who have been trained locally to work in the hospitality business so they will have a strong foundation on which to incorporate my customer service philosophy and company policies.The management will be experience food management personal who I have known on a personal basis for some time and I am well aware of their talent and work ethic.|…
RoasteryNet, unlike a most cafés will have an innovative setting for communication through access of the Internet. RoasteryNet is the answer to a lot of the patrons’ questions about a public meeting place with Internet access. The public wants: “access to the methods of communication and volumes of information available on the Internet, and access at a cost they can afford and in such a way that they aren't socially, economically, or politically isolated”(Internet, 2011). One of RoasteryNet’s goals will help create at stronger social network and entertaining atmosphere for local and worldly communications.…
Profit-maximizing quantity is figured by determining if the product is considered price-elastic or in-elastic. If demand is elastic, a decrease in price will increase total revenue. Conversely, a price increase will decrease total revenue for a product that has in-elastic demand. Bury can create a revenue curve graph as additional sales at various prices create additional data. Bury…
In the beginning, we will give an example about tobacco and how the price elasticity effect on the demand of this product. Tobacco is a plant that found in North and South America and then it moved to Europe. We chose tobacco because tobacco is not like a normal habit, tobacco is harm and one of the causes for cancer. The good thing is tobacco like other products so the demand of the product effect on some factors such as changing price and real incomes.…
The sole purpose of our business is to engage and inspire our common bond children to have confidence in themselves and raise self belief… (Please expand on this section)…
--------- Restaurant Loungeintends to cater to a wide customer base. We want everyone to feel welcome and entertained. We have defined the following groups as targeted segments that contribute to our growth projections The Business Person Downtown Couples The Destination Customer High-End Singles Tourists These particular market segments are 25-45 years old, have disposable income, and are seeking upscale, trendy, and comfortable restaurant options. These are the types of people who frequent other restaurants and bars in the area. They arelikely to spend more on experiences they perceive as unique and sophisticated. They are also the most open totrying something new, foodwise, and willembrace our international fusion cuisine. INCLUDEPICTURE http//www.bplans.com/ethnic_food_restaurant_business_plan/images/550x318x3e805368b2884a6e8cc94f8ec2bbe6f6.png.pagespeed.ic.Ak1H1BBmTX.png MERGEFORMATINET Target Market Segment Strategy The Business PersonThey work hard all day and often stay overnight in a strange city. They need a competent establishment that helps impressclients and prospects. Afterward, they want to relaxand use the money they are making(or is expensed by their company). They spend the most on drinks, food and tips. ------- comfortable atmosphere will be perfect for sophisticated business people, whether they live in and around Kamloops or are here for work. Downtown CouplesThe restaurant will have an intimate, romantic, enticing adult atmosphere that suggests date. ------ will be the best date location in town. These young Midtown couples are generally very successful working professionals. In most cases they are budgeting to eat out on a regular basis, as they dont have the time to prepare food nightly. The Destination Customer Consumers often look only in their own neighborhoods for restaurant options.----- willbreak these habits, using marketing to draw customers from outside the maincity limits. ---- will be a destination restaurant.Our…
Community Junior Senior School, I have observed that most students suffer from thirst, because of the hot weather, which leads to them going out during lessons and this affects their learning. Some students can also collapse due to dehydration caused by thirst if they are not allowed to go out to drink water during lessons by the teacher.…