The services market mix A service is an act of performance that one party can offer another that is mostly intangible and does not result in the ownership of anything: its production may or may not get tied to a physical product. Below is a figure showing the services offered in the company: We have several powerful forces that help in transforming service; those forces include government policies, business trends, globalization, advancement in IT and social changes. Globalization will help to open up new markets and product categories which will increase demand for services; hence competition will stiffen. The services personnel offered by service staff is the essential aspect of od service; it is a source of customer loyalty by customizing service delivery and building close relationships with customers. We have different perspectives on service quality, and include value-based-quality is a trade-off between value and price. User-based-quality lies in the eyes of the beholder. Manufacturing based-quality is in conformance to the firms developed specifications. The firm has to determine its determinants of service quality which include tangibles, empathy, responsiveness,…
Managerial Accounting Cash receipts budgets for July, August, and September July August September Total sales $ 63,400 80,600 48,600 Cash sales 20% 12,680 16,120 9,720 Credit sales 80% 50,720 64,480 38,880 A1 Manufacturing Cash Receipts Budget for July, August, and September July August September Cash sales $12,680 16,120 9,720 Collections for accounts receivables 47,000 50,720 64,480 Net cash receipts 59,680 66,840 74,200 AI manufacturing has been utilizing budgeted cash receipts to collect dues from customers, which increase debited amounts in the SFP (Statement of Financial Position). The manufacturing corporation was recognizing cash after receiving from external sources, including clients, banks, and investors. However, some adjustments were made on sales and credit to enhance the accuracy of the budgeted figures. AI manufacturing agreed that it would collect its credit sales after a month of selling products. Besides, the managers decided that cash sales would be 20% of the gross amount, while credit sales will be 80%. The first assumption when calculating the actual budget is that model computations should be easy to understand and transparent. The…
Peer Response Hello Rachel, I agree with your perspective on the assigned readings on the discovery of America. I found the topic to be exciting as it gets to talk much about how America was founded in 1492. It also discusses some of the discoveries that were made during the period. One of the discoveries was by Christopher Columbus over his first voyage. I found it amusing to learn about his navigation, where he hoped to rule the Mongols upon his arrival. The fact that he even wished to become the ruler but got limited makes a lot of sense as, during the days, there was a lot of competition. Due to the intensity of the competition, it was difficult for Columbus to meet his goals. At one point, he even had no idea of the role he had played in the world until later on. I equally agree that America evolved from Amerigo Vespucci, which is one of the points that amused me in the entire reading. Growing up as a child, it was common to be told that…
Peer Review. It is indeed true that the expulsion of the Cherokees was mainly due to the interest in arable land during the widespread development of cotton horticulture in the Southeast. However, it was not the only reason; the revelation of gold on Cherokee land was another reason and also the racial preference that many white southerners harbored toward American Indians. The whites were likewise displeased with the Cherokee religious and cultural practices. It was due to these above reasons that the Federal government sent troops that ousted the Cherokee Indians from their genealogical country in the Southeast and expelled them to the Indian Territory in what is presently Oklahoma. I agree that personal Computing was a mad rush to offer solutions to the enormous gap in the market for computers. The PC was conceived not for recreation, yet out of a need to tackle a dire calculating crisis. By 1880, the U.S. populace had increased so enormously that it took over seven years to classify the U.S. Evaluation results. The administration sought for a quicker method to take care…
The turn of the 18th century The turn of the 18th century was known in Paris as the “Belle Époque” or “Beautiful Age” due to the growth of democratic systems of government combined with the economic benefits of the Industrial Revolution and Scientific Advancement. Those who benefited from the changes shared a sense of optimism, while the specter of war and economic inequality led others to fear and resentment (Chapter 18/Module 2). The arts and artists expressed these same positive and negative cultural effects through their art forms showing either optimism and escape or pessimism and disillusionment/alienation. Choose a work from each of the disciplines (art, literature AND music) and show how the work illustrates either the positive effects (optimism, escape and/or scientific advancement) of the beautiful age or the negative effects (pessimism and disillusionment/alienation). Be specific and refer to the positive and negative developments of the age in your essay. Your essay should be 500-750 words. Be sure to support your response with specific examples taken from Chapter 18 in your textbook, the Listening Guides, and the Module 2…
“The Story of Solutions” Economic development is one of the critical issues in any setup. According to Barkan (10.4), the achievement of a good economy costs a lot of changes in different aspects to ensure that negativities like inflations are evaded. Currently, the economic revolution has been felt for almost five years, where a lot of developments and strategies have been made. This discussion aims at elaborating on the various changes that ought to be taken t for effective economic development as elaborated in “The Story of Solutions” video. According to the video, one of the changes that need to be implemented is adherence to various economic policies set to ensure that there is economic development. It is vital to ensure that all the rules of the economy are followed effectively to ensure winning is achieved (The Story of Stuff Project 1:10). I agree with this proposal as it would help to ensure that people invest in the right places as well as refrain from directing their finances to futile sectors. As a result, a bigger GDP would be achieved.…
Double Entry Bookkeeping Are you setting up a new business? One of the first things you need to think about is which booking system you are going to use to record your financial transactions: double-entry bookkeeping vs. single entry or bookkeeping. Definitely, any business deals with many transactions on a regular basis, including purchases, receipts, sales, and payments. If you are not keeping a robust record of those transactions, then you will probably be losing essential financial data that can be used to maximize your business efficiency and profitability. We will break down to you the difference between single and double-entry bookkeeping. Let’s delve in! Double Entry Bookkeeping It is an accounting system that requires financial transactions to be recorded in two accounts: debits and credits. When posting a transaction, you need to enter the amount as debit to be equal to the amount added as credit. Most businesses use a double-entry bookkeeping system because it helps business owners to detect any accounting errors, preventing them from taking wrong decisions. 3 Benefits of Using Double Entry Bookkeeping Error…
Reasons for hiked usage of cocaine The sun article in one way or the other addresses the issue of rising in the usage of cocaine in the United Kingdom. The subject of a transition from easier access by the middle class to the lower class at higher levels, as a result, revokes a series of questions on the reasons for the change. The analysis takes a look at a span of seven years. The subject brings in a newer term: crack cocaine to help in digging deep into the subject. It arrives at that cracked cocaine was originally the sniffed thou injected in today’s society. It has not been mentioned that the British government propelled the increased usage of cocaine in adopting the “2002 crack strategy.” The budget cut is a profound strategy for a growing economy as was the case for the United Kingdom in the early 19th century. Youth unemployment alongside wider social and economic gaps was hence rampant. It was thus easier to engage in illicit trade as the next best alternative form of living. The long-time…
Technology Solutions The scope of the project will involve setting up an online strategy that will include a shopping platform, inventory management, order, and payment processing. The project will also provide integration to the physical stores through customer records management and generating reports. Technology One Wireless and mobile computing technologies offer part of the technological platforms through which the system will run. These technologies will allow users to conduct e-commerce transactions, including tracking of orders. Other than customer data management, businesses can leverage these technologies to access trends in mobile commerce purchases such as traffic and trends. Employees and senior managers can access this data quickly and implement appropriate inventory processes. Wireless technology will allow employees to carry portable scanners and billing equipment used to process sales and track inventory accurately and efficiently. The use of mobile computing technologies in physical stores will also quicken access to information to customers. Technology Two According to Nobles, et al. (2014), big data offers businesses a tool for knowledge management that allows capture, storage, and querying of information in convenient forms that can…
The dynamics of market demand and technology Introduction Problem Statement The dynamics of market demand and technology necessitates an online presence strategy that will offer benefits to the business and customers. Creating an effective online presence strategy that will compete with technological changes often deals a challenge to businesses due to the time and the required for setup. The goal of this project is to provide a streamlined business process for e-commerce and physical stores by offering a secure and systematic system that provides online shopping platforms, stores user data, track inventory, process payments. Two Technologies According to Nobles, et al. (2014), big data offers businesses a tool for knowledge management that allows capture, storage, and querying of information in convenient forms that can be accessed by various employees in the organization. The information can be used in the future for creating market segments and target customers based on demographics and shopping behavior. Wireless and mobile technologies offer customers and businesses ubiquitous access to information and business services. These technologies offer mobile convenience in e-commerce that allows the customer…