University of Phoenix
April 14, 2011
In today’s economy, in order to stay ahead in this ever changing business world, there has to be a business plan that will be able to change with the economy. There a changes in the economy that make or break many businesses. Thomas Money Services, Inc. is a financial loan company that had been helping the community by providing mortgages and small business loans. The need to revamp or simply create more revenue for the company, a business plan is needed. The introduction of some newly noticed company assets will help add to the company. Thomas Money Service, Inc. is an oligopoly. The goods and services provided by the company are assisting other businesses in their time of financial needs. There are other financial institutions that function the same way. The elasticity for Thomas Money Service, Inc. is the fact that is has the ability to provide the financial backing for companies striving to grow and succeed. The equipment that has over time been repossessed by the company can be further used as an additional good or service. There has to be a careful review to make sure that the company does not appear to be a vendor of forestry equipment. Of course there are other companies that can offer the assistance of being able to give financial loans or the leasing/selling equipment. What Thomas Money Services, Inc. wants to do is expound on this market and make more money. The focus for setting a barrier in this type of market is to be able to advertise and focus with our current clientele for making sure we stand alone. The customer service has to match the design of the ads. Perfect ads and superior customer service will not be questioned. The cornering of the area’s market for these goods and services will be helpful as well. A method to increase revenue for this company would be to increase advertisement once again. There was a focused period when...
References: McConnell, C. R., Brue, S.L., & Flynn, S.M. (2009). Economics: Principles, problems, and
policies (18th ed.)
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