Preet Sports Case Study

Satisfactory Essays
Budget
The budget aspect of a business is always a huge component on whether the business is to be successful or not. For Preet Sports Canada, the budget must be allocated to a variety of different areas to fully please the customers. The owner of Preet Sports Canada talked about how the budget was shared across a variety of different items, with soccer jerseys being the area in which the budget is mostly allocated to. Although they must use an appropriate amount of their budget on soccer jerseys, Preet Sports Canada must also use their budget on other items like sports equipment and other sports jerseys. The budget of the business often differs depending on how well an item is selling and how much the customers are liking a certain item. The owner of Preet
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This method also worked vice versa as the owner was able to examine which products were extremely popular to the customers which then meant he would use more of the budget towards that product. Although the budget is used on the products sold to the customers, the owner mentioned how the budget also has to cover the costs to run the business. This includes costs such as electricity and water which are vital for the business to properly run. The owner of Preet Sports Canada discussed how the budget of his business was something needed to be monitored everyday for him to able to fully assess where his budget should and should not be allocated. He discussed how to understand what the budget should be allocated to demanded him to regularly check the sales of his products to see what was selling well and what was not. Over time, he saw that his soccer jerseys were continuously being sold the most out of any of the other products, meaning more of the budget would be used for it. Although you can continuously check the sales of your products to assess where the budget should be sent to, the owner of Preet Sports Canada also checked out the local businesses which also sold similar products to what Preet Sports

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