by Yuxuan Zheng - Rick Hansen SS (2542) 6 years ago
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An American manufacturing worker has 10 to 12 times the output of a Chinese worker.
Apple, General Motors and Sherwin-Williams
Operational advantages
If demand for products increases, for example, a company can hire additional production capacity to meet short-term demand without investing in its own facilities.Companies can also improve the quality or performance of their own products by outsourcing production of components they cannot manufacture with their own resources.
Cost advantages
The manufacturer may, for example, be based in a country with low labor costs. Some contract manufacturers specialize in specific types of products, setting up high-volume production lines that allow them to produce products at a low unit cost. A company can also obtain a cost advantage by outsourcing production
Risk factors in contract Manufacturing
Loss of control is a major challenge. Contract manufacturers may not be able to maintain production schedules or meet agreed quality standards, particularly in distant locations where day-to-day control is impractical.
The problem of hidden costs
they must also consider the additional costs of dealing with an outsourcing partner. A company using a contract manufacturer in a low-cost country, for example, may incur shipping costs that cancel out any unit cost advantages.
To draw customer interest, retailers use VIBGYOR color blocking, to place merchandise in a color sequence that emulates how prisms break up light: violet, indigo, blue, green, yellow, orange and red.
Free samples, logo items, limited-time offers
Increase sales
Merchandising can increase the amount of customers who notice and enter your store. With increased traffic may come increased sales and success.
Bring more customers in
Expense
The expense of improving sales environment can add up quickly. Although good merchandising can result in an increase in profitability over the long haul, it will likely cost you time, effort and money in the short run.
Once is not enough
In order to meet the expectations of the customers and keep having new customers coming, you can’t let the bar falls, or the numbers of customers will decrease.
Apple’s iPad retina display is actually manufactured by Samsung.
Education, consulting,transportation and so on.
You’re an expert
If you developed your service based on a skill you have, you are an expert in your field. You can increase the size of your business by becoming better at that skill.
No inventory
If you sell a service, you usually don't have any inventory. Instead of buying and selling products, you convince customers to take advantage of your ability to make their lives easier.
Demand cutback
In difficult economic times, consumers usually cut back on services.
Difficult valuation
Your service business is harder to value than a manufacturing or retail company.You have to establish a track record of sales and some reliable sales projections to convince lenders of the value of your company.
A husband and wife team tap into youtube to sell hair extension products.The way they did it was through providing great, valuable content to their audience by offering them free video tutorials on how to create glamorous hair style on your own
online store, online teaching, software development
Save costs
since you also eliminate the need for a physical store, your business can save money on rent and upkeep like utilities and maintenance.
A new business mode
On top of eliminating the need for long lines at physical stores, e-commerce sites allow people who are not situated in major urban areas access to stores located remotely.
Credit card fraud and security
consumers run the risk of identity fraud and other hazards as their personal details are captured by e-commerce businesses while businesses run the risk of phishing attacks and other forms of security fraud
Cannot be tried
many customers want to experience the product before purchase, especially when it comes to clothing, but e-commerce eliminates that luxury.
Public Charities are the Largest Category of 30 Types of Nonprofits
The NFL, YMCA, goodwill
Be perceived in a positive light
Nonprofits are generally perceived by the public in a more positive light. Opportunities to get grant funding and lower costs on such things as postal service fees are also advantages.
Tax advantages
As they are not intending to earn a profit, nonprofits usually have significant tax advantages over for profit-making businesses.
Hard to keep rising founds
Raising funds is an ongoing challenge that is especially tough when the economy is poor. Nonprofits typically must report how they use their funds. In general, the government and donors like to see most funds go to services and not administrative expenses.
Rely on donations
Nonprofits sometimes sell products or services to generate revenue, but often, they rely heavily on fundraising and private donations to provide services and resources.
