How to make a Profit

Lisää tämän kaltaisia

New Deal

luonut morgan nason

Chapter 4 Summary

luonut Christopher van Appel

Marketing

luonut Angela Andrews

Cold Calls

luonut Himanshu Shah

How to make a Profit

Income of Money

Pricing of the product

Manage price to beat competitors but still make profit

Investments

Re investments into company from excess revenue

Mergers of other companies

When we have enough profit/buying a company

invest in other companies and products

Becoming a corporation

Investors

Holding conferences once a year for investors to see into company and give them a chance to give ideas

Open up to investors to allow feedback of people interested in company and generating income

Managing expenses to ensure we aren't at a loss

Employee Payments/bonuses

Finding ways to manufacture our product

Finding resources and suppliers to create product

Renting or buying of property

Cost of utilities

Shipment of product

Manufacturing of product expenses

Managing Supply/Demand

Marketing

Finding stores to sell our products

Finding what audience buys our product

Advertising to those people in the most efficient ways

Getting celebrity endorsements to create demand

Partnerships with other companies to advertise and increase demand

Having sales or bargains to sell more product

Challenging competitor companies

Generate a Product/Service

Making a new product/service for a new target audience

Innovate current product to prompt a purchase again

Researching what is popular

Create a quality product that is popular

Employment

Reimburse certain employees for college to have better and more educated workers

Bringing in new people with new ideas to innovate or generate new products

Holding occasional meetings to create new ideas

Finding people to do a good job but don't cost too much to employ