Although many service businesses do not sell any products, there are also some service businesses that do.
Please state some service businesses that do carry product inventory for sale.
Solution:
First of all, lets understand that inventory could be anything from raw material to finished goods and it is generally believed that service sector do not deal with inventory or rather we say do not sale the inventory.
Logically it is correct that main aim of service sector is to provide services and not to sale the inventories. However while providing services there are many service businesses which may end up using inventories as a part of providing services. Therefore indirectly they end up selling the inventories because it is bundled in their services and the service charge. Few examples of such service businesses are as below:
Although many service businesses do not sell any products, there are also some service businesses that...
Many companies that were once exclusively product companies now offer services in addition to products. Some companies now provide services exclusively. Some say that "all businesses are service businesses." What do you think? Let's debate. In this discussion, you will debate the saying "all businesses are service businesses." If: Your last name begins with letters A-L, argue in favor of the saying Research, Write, & Post Research: Begin by researching the concept of "all businesses are service businesses." Write: Use...
. Many businesses sell products that are somewhat generic. So, can you focus on building relationships with your customers as a way to create a competitive advantage. Any thoughts?
Cost and Pricing - Many businesses are offering their products and services over the Internet. Find well known company and, determine the following: A product (or service) description A product price Based on your responses to parts (1) and (2), along with the description of the company's business, identify the potential costs that are required to provide the product selected in part (1) and categorize them as fixed or variable. Which product do you believe has the largest contribution margin...
Many businesses use direct mail (oftentimes called "junk mail") to advertise their products and services, and with the declining volume of physical mail, the United States Postal Service has encouraged its use in the last few years. Direct mail advertising involves sending solicitations (credit card promotions, special deals at car dealerships and furniture stores, grocery store circulars, etc.) to many thousands of people in hopes that a proportion of those people will end up buying products or services from them....
Products and/or Services Describe the products and services you plan to sell. How is your product or service unique? Are you producing a commodity or a differentiated product? How does your product or service compare to other products in Quality? Price? Location? What experience do you have with this product/service?
Many products fail, some of them spectacularly. Why do you believe the failure rate for new products is so high? Account for the lack of success of a new product with reference to the following stages of new product development. - concept development - marketing strategy - test marketing
In many businesses today, Excel is used in presentations. For example, when a representative is selling their product/service, they can have the statistics reflected in a chart. They can use the chart to demonstrate how the product/service will positively impact the potential revenue for the company. Consider your professional role and how you might utilize your knowledge and skills in creating graphs and/or charts. What are some important considerations that you need to make in developing this visual representation of...
Many small businesses have to squeeze down costs any way they can just to survive. One way many businesses do this is by hiring workers as “independent contractors” rather than as regular employees. Unlike rules for regular employees, a business does not have to pay Social Security (FICA) taxes and unemployment insurance payments for independent contractors. Similarly, it does not have to withhold federal, state, or local income taxes or the employee’s share of FICA taxes. The IRS has a...
Many times businesses fail because they have a lack of understanding of the potential customers for their product or service or they greatly overestimate the number of available customers. From your experience or research describe a product or service that failed or that was less successful than it could have been because it did not understand the customer's needs. How do you think this product or service could have been repositioned to be more successful?
In many businesses today, Excel is used in presentations. For example, when a representative is selling their product/service, they can have the statistics reflected in a chart. They can use the chart to demonstrate how the product/service will positively impact the potential revenue for the company. Consider your professional role and how you might utilize your knowledge and skills in creating graphs and/or charts. What are some important considerations that you need to make in developing this visual representation of...