Taking a Closer Look into the World of Business...

Customization - Services can easily be customized instantly in order to accommodate for the needs of its consumers. Tangible products cannot always be easily customized, however services can be, in order to meet the needs of customers. Unique Selling Strategies - Services can easily become unique and different in the marketplace. Services can change the way they offer assistance in several different ways. By offering specialized services, companies are more likely to stand out.

Difficult Valuation - Starting up a service business can be simple, however keeping track of the records and sales may be difficult, as there is no actual inventory. This, then may affect the organization and progress of the business. Demand Cutback - In difficult times, customers usually do not focus on services and simply rely on their essential necessities. This, then becomes difficult for service businesses to create sales and meet their financial needs Time - Service businesses require dedicated time to set up and and begin selling. Intangible items may become difficult to sell, as unlike a tangible product you cannot just put it in stores and sell to people easily. Selling services requires businesses to spend time convincing the consumers. 

Bringing customers in - Merchandising is an easy and effective way to attract customers, especially with increased traffic. Increased Sales - Merchandising can have a clear and positive impact on the business financially. As, pricing, displays, product packaging, product arrangement, sales signs and promotions can significantly increase the sales of a merchandise business. Customer Loyalty - Merchandising can easily contribute to customer loyalty and the development of customer relationships, which in an essence promotes customer attraction and sales.

Changing Spaces - As a merchandise business continues to thrive, it may have to relocate for not only spacing purposes but as well as the visual look. When, there becomes an increase in demand, businesses soon run out of space to place their items on shelves and storages, while ensuring that it is visually appealing, which affects their sales of goods significantly. Expense - As merchandise businesses continue to grow, it becomes difficult for owners to install new features and make investments at low costs. New features may be out of budget, affecting the sales of the merchandise.

Demand - Manufacturing companies experience a high demand for their products because their products are produced from raw materials and the item is constructed from start to finish by the manufacturers, increasing their sales, attraction and ability to stay strong as a business.Job Satisfaction - Manufacturing may seem difficult, however for its employees, manufacturing allows them to create objects rather than only sell businesses, granting them with a job appreciation and satisfaction.

Costs - Manufacturing companies can start losing money, when they are expected to purchase raw materials at high prices. Instead of simply supplying already finished goods to its consumers. Reliance of Raw Materials - Companies that produce manufactured goods, must always purchase and use raw materials. This becomes difficult, as these businesses are expected to purchase the materials at any price in order to create the demanded goods.

Faster buying or selling procedure, which increases the sales of the business.24/7 purchasing or selling, again increasing the purchases of the products.Low operational costs, saves businesses money.

No guarantee of product quality, affecting the customer attraction for the business.Minimum chance of direct customer to company interaction, making it difficult to solve any issues.Hackers may receive the chance to hack an online business, affecting the sales of an e-commerce business.

Rewards - It has become a known fact that non-profit organizations truly make a difference in the area that they are working in (example, cancer societies), which helps to put them in social media and current events. Non-profit organizations do not have to pay federal taxes on their net income, allowing their earnings to be cycled back into the organization for several positive factors to improve the business.

Limited Funding - Fund development and fundraising can be a non-profit organization's greatest challenge, as receiving donations and funds to run their businesses may be difficult. Social Pressure - Organizations that focus on extreme events, may find it difficult to be socially accepted, as media and current news may be opposing what the organizations are supporting.