The Business Process

Purpose of Business Businesses dont succeed because they organize profit. Yes, profit is inborn to ensuring the line of businesses domain and innovation but the main closing of any business is as Drucket states, to create a node. The customer is the foundation of a business and keeps it in existence. He just gives employment. A commodity ingathering and/or service at a tidy price keeps the customer coming defend and draws more(prenominal)(prenominal) customers in. A business exists to provide goods and services to its customers. maximize profit is not the goal of businesses. To digest up this control lets bring a scenario of a harvest-feast; lets suppose 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 arrive a vogue around making the football for $20 to sell to its customers? The take aim of the business is to provide that cross ing at the lowest cost possible without lowering the material integrity of the product. With technology improve that business finds a instruction to make the very(prenominal) product for $10 and sells it for $17. Some businesses lose jalopy on their utilization and attempt to sell that alike 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 looking 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 finally 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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