location can be utilized successfully to attract customers in a saturated market and against intensified competition. Customer loyalty leads to higher customer retention rate and to continuous business success even in situations where failure to satisfy customers would normally cause an early termination of business. Therefore the restaurant operation must focus not only on attracting first-time customers but also on developing long term relationship with customers. Customer loyalty allows increased price
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Academic English for Business I Compare and Contrast: Online Business and Physical Business Student Name: Nur Adrina Alissa binti Andri Student ID: 0112871 Date of Submission: 5th March 2015 Online Business Versus Physical Business “You need customers. Without them‚ most organizations would cease to exist” - Customers do play a big significant role in businesses and consequently are the main reason for businesses’ existence. Customers are also needed to maintain the survival of a business‚ be it a sole
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anyone that is interested in a business‚ whether it is a small business or a big business. Stakeholders are individuals‚ group or organisations that are affected by the action of the business. They include the following: Owners that are interested in how much profit the business makes Managers and employees who are concerned about their wages or their salaries. Customers who want the business to produce quality products at reasonable prices. Suppliers who want the business to continue to buy their
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BUSINESS ASSOCIATIONS OUTLINE I. Overview A. Major Course Themes i. Authority – what is corporation legally empowered to do and at what point is a corporation overstepping its bounds? ii. Responsibility – once authority has been established‚ what are the limitations of that authority – what is the duty of care? iii. Liability – what actions should directors take to insulate themselves and when can they be held liable for breaching duty of
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DEVELOP AND IMPLEMENT A BUSINESS PLAN [Analyze a business plan] RAJU NIROULA UIC00664 Assessment 1 Table of Contents Table of Contents 2 Business plan 1: 3 Quality Training 3 Critical Analysis of the strengths and weaknesses of the business plan 3 Strengths of Quality Training: 3 threats: 3 Analysis of the strengths and weaknesses: 3 Personal contacts: 4 Business plan 2: 5 Workout gym business Plan 5 Sport therapy business plan 5 Workout gym
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deposits‚ it would be difficult to continue to produce and grow in any business. Secondly‚ capital goods are essential to a business to produce goods and services. They include machines‚ buildings‚ information‚ technology‚ etc. Capital goods will never stop being in demand as long as businesses are around. Thirdly‚ human resources are necessary for the knowledge and development of people in the workplace. Today‚ technology makes learning and working more simplified. The last factor of production is
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MARKS: 80 SUB : BUSINESS ADMINISTRATION N. B. : 1) Attempt any Four cases 2) All cases carry equal marks. No : 1 REMAINS OF A DREAM This is a tragic story‚ narrated in first person‚ of an entrepreneur who became bankrupt for no fault of him‚ without producing anything‚ mostly because of the irresponsible political and government environment. This case study‚ documented by Bibek Debroy and P.D. Kaushik and published in Business Today is reproduced
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Chapter 1: Key concepts in business and professional ethics [Unit 1: Introduction to Business Ethics Unit 1: Introduction to Business Ethics Ethics and Values] * Values = what is good and desirable? * People do not share the same values * Values are influenced by……… Moral dilemmas…….. EXAMPLE A brilliant transplant surgeon has five patients‚ each in need of a different organ‚ each of whom will die without that organ. Unfortunately‚ there are no organs available to perform any of
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Elements of a Business Plan 1. Cover sheet 2. Executive summary (statement of the business purpose) 3. Table of contents 4. Body of the document A. Business 1. Description of business 2. Marketing 3. Competition 4. Operating procedures 5. Personnel 6. Business insurance B. Financial data 1. Loan applications 2. Capital equipment and supply list 3. Balance sheet 4. Breakeven analysis 5. Profit and loss statements 6. Three-year summary 7. Detail by month‚ first year 8. Detail by
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A. Executive Summary 4 A1. Business Identification: 4 A2. Mission‚ Goals and Objectives: 4 A3. Keys to Success: 4 B. Company Summary 6 B1. Industry History: 6 B2. Legal Form of Ownership: 7 B3. Location and Facilities: 7 B4: Management Structure: 8 B5. Products and Service: 9 C. Market Analysis 11 C1: Target Market 11 C2: Industry Analysis 11 C3: Competitive Analysis 12 D. Market Strategy 12 D1: 4Ps. 12 D2: Price List- 14 D3: Selling Strategy- 15 D4: Sales Forecast- 17 E. Implementation
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