helped workers in business perform their jobs more efficiency‚ since their introduction in the 1980s. Routine functions such as sending memos can instead be done by email. Workers can research information from the Internet with a click of the button. The importance of computers in business also has many other positive benefits in the work force. Effects: The importance of computers in business includes money saved for various business activities. For example‚ a small business can maintain a database
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The importance of location Location is the place where a firm decides to site its operations. Location decisions can have a big impact on costs and revenues. A business needs to decide on the best location taking into account factors such as: Customers - is the location convenient for customers? Staff - are there sufficient numbers of local staff with the right skills willing to work at the right wage? Support services- are there services offering specialist advice‚ training and support
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Marketing Some analysts hold the opinion that nowadays the essence of marketing is not a customer service‚ but beating business rivals; but classic definitions support another viewpoint. Philip Kotler‚ the world’s foremost expert on the strategic practice of marketing‚ states that "marketing is the science and art of exploring‚ creating‚ and delivering value to satisfy the needs of a target market at a profit". The most comprehensive definition‚ in my opinion‚ was given by the American Marketing
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Executive Summary Bank as the financial services business is prospect full historical sequence. Banks are straight agents to make opportunities for expansion in a country and also make available huge scale of employment opportunities. Banks must compensation publics’ currency when they require‚ also it makes or not. So‚ the compensation package of a bank should be analyzed carefully. Shahjalal Islami Bank Limited has its victorious the past‚ wonderful present‚ potential prospect and under giving
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Contemporary Issues in Business Introduction: In global terms‚ Europe is the continent with the highest alcohol consumption. In some European countries‚ alcohol-related deaths are estimated to account for 6% of total mortality (Harkin et al.‚ 1997). Alcohol consumption is responsible for a large number of disadvantages and adverse effects on government budgets‚ such as productivity losses through reduced Output and alcohol-related diseases. It also imposes burdens on the health service and
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long term relationship association‚ characterised by purposeful co-operation and mutual dependence on the development of social‚ as well as structural bonds with consumer”. Many marketers agree that by reducing customer’s to competitors defection by only 5 per cent‚ companies can improve profits by anywhere from 25 per cent to 95 per cent. There is no question this will be a great advantage and could benefit any retailer. It is for this very reason why consumer’s relationship marketing and using
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COMMERCE MARKETING DEPARTMENT Some Scholars like John Pestrof regard R M as “old wine in a new bottle” while others regard it as a new approach representing a paradigm shift Discuss (30) Relationship Marketing can be defined as a strategy that is used by business organisation to learn more about customer’s mood and behaviours so as to develop stronger relationship with them. Peter Druker stated that the purpose of the business is to create customers and
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Endia Crawford February 5‚ 2012 English 1301 Professor Farnoosh Moshiri The Importance of a Mother and Daughter Relationship Throughout my life‚ my mother always reflected a very close minded person that was scared for her children to find out anything about her or her past that she was ashamed of. In the duration of my life‚ my family members that did have knowledge of my mother’s business started telling me shocking things that‚ for some part‚ I should have learned years ago. Its almost
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This article considers customer services in a business to business relationship. This essay will summarise they key findings and methodology‚ and People aspect of services marketing. The article identifies the importance of customer service within a service provider’s organisation‚ areas in which customer service may be affected by the marketing mix and additional three P’s. The article defines that it isn’t just one specific P‚ that has an effect on customer service but all of them are inclusive
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Business plans and marketing plans are quite imperative for the success of a business. These plans outline the mission‚ vision and the financial projections of a business. The business plans assist the owner to comprehend about his or her business in a professional manner. Further‚ usage of the marketing plan and business plan helps to save both time and money as the owner can wisely plan for his resources (Ferrell & Hartline‚ 2011). Through the plans‚ funds can be raised through a well designed
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