The Business Process

Purpose of Business Businesses dont succeed because they organize profit. Yes, profit is requirement to ensuring the line of businesses domain and innovation but the main finale of any business is as Drucket states, to create a guest. The customer is the foundation of a business and keeps it in existence. He whole gives employment. A commodity ingathering and/or service at a tidy price keeps the customer coming dorsum and draws more(prenominal) customers in. A business exists to provide goods and services to its customers. maximising profit is not the goal of businesses. To spinal column up this controversy lets carry off a scenario of a merchandise; lets tell apart a footb any, that make ups $20 to make in materials and labor. Now lets say that is the standard for all companies at this point. Wouldnt that specific business recover a vogue around making the football for $20 to sell to its customers? The take aim of the business is to provid e that fruit at the lowest cost possible without lowering the veritable integrity of the product. With technology improve that business finds a right smart to make the very(prenominal) product for $10 and sells it for $17. Some businesses lose big money on their utilization and attempt to sell that equivalent product for $40 with marketing schemes. Do not underestimate the customer.

These same businesses think the volume of customers are going to fall for their marketing. Lets take a scenario of this with the football. They can the price to $40 and say its more durable and they make an awesome l ooking box to back their claims. Customers! arent as thudding as some companies think. Stay on the path. Remember what the economic consumption of your business is there for. I had an experience of this when I went to GMC to debase some protein powder. The company I was loyal to came out with a new product and ultimately discontinued the one I loved. The new one was more expensive but did the same thing, the container looked flashier and their market hype was it worked 3 times better than the of age(p) product. In the...If you want to get a full essay, beau monde it on our website: BestEssayCheap.com

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