...Goods and Services In economics, need and want are either goods or services and which are sometimes called a commodity. People claims that goods are the things can touch such as pens, longyis, rice, book, as soon on and services are thing that people do for you, or you do for other people, which are the things you cannot touch such as education or healthcare. In economics, a good is a material that satisfies human wants and provides utility, for example, to a consumer making a purchase and a common distinction is made between 'goods' that are tangible property. Moreover, when people want to produce one goods, they need basically, 1. The name. 2. What it look like-pictures. 3. What it does. 4. The cost and why people should buy it. For example, if people produce shoes and the name of the shoes is Addias, which designs is very wonderful and people can use every season even though summer, it costs is 60$ and that brand is very grantee, therefore they should buy that kind of goods. Services are as important as goods and when one goods produce, goods is the first step and the second step is service, but service are things that people cannot touch. For example, when people go to the hospital or clinic, doctor or a medic examines does tests or indicate some medicine. In addition, when people buy a cup of tea in a teashop, they are not only buying tea, water and milk (goods). people are paying for the services of sitting in the teashop, of someone making the tea, bringing it to them...
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...About a month after we started Y Combinator we came up with the phrase that became our motto: Make something people want. We've learned a lot since then, but if I were choosing now that's still the one I'd pick. Another thing we tell founders is not to worry too much about the business model, at least at first. Not because making money is unimportant, but because it's so much easier than building something great. A couple weeks ago I realized that if you put those two ideas together, you get something surprising. Make something people want. Don't worry too much about making money. What you've got is a description of a charity. When you get an unexpected result like this, it could either be a bug or a new discovery. Either businesses aren't supposed to be like charities, and we've proven by reductio ad absurdum that one or both of the principles we began with is false. Or we have a new idea. I suspect it's the latter, because as soon as this thought occurred to me, a whole bunch of other things fell into place. Examples For example, Craigslist. It's not a charity, but they run it like one. And they're astoundingly successful. When you scan down the list of most popular web sites, the number of employees at Craigslist looks like a misprint. Their revenues aren't as high as they could be, but most startups would be happy to trade places with them. In Patrick O'Brian's novels, his captains always try to get upwind of their opponents. If you're upwind, you decide...
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...Public Goods Public Goods is defined as goods for which rivalry among consumers is absent and exclusion of nonpaying customers is difficult. Public Goods have two distinguishing characteristics; they are non-rival in consumption and non-excludable. Non-rivalry means that making the good available to one consumer does not reduce its availability to others. While non-excludability means that it is impossible to exclude nonpaying customers from receiving the good. Public Goods may be consumed without reducing the amount available for others, and cannot be withheld from those who do not pay for it. However; public goods also known as an item whose consumption is not decided by the individual consumer, but by the society as a whole, and which is financed by taxation. It also include economic statistics and other information such as ,law enforcement, national defenses, parks and other things for the use and benefit of all. While the imperfections of market solutions to public-goods problems must be weighed against the imperfections of government solutions. Governments rely on bureaucracy, respond to poorly informed voters, and have weak incentives to serve consumers. Therefore they produce inefficiently. Furthermore, politicians may supply public “goods” in a manner to serve their own interests rather than the interests of the public. Examples of wasteful government spending and pork barrel projects are legion. Government often creates a problem of “forced...
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...Define what "good" means to you. Being good does not mean only by outer goodness . You have to consider being good straight from the heart i.e purely . Ultimately, you have to decide on your own code of ethics, and what matters is that you follow through with what you believe makes you a good person. At times, this may conflict with what others believe is good, and they might even accuse you of being wrong or evil. Consider their views-either they know something you don't, in which case you may learn something from them and update your morality, or perhaps their experience is limited, meaning that you should take their views with a grain of salt. Ad Be Good Step 2.jpg 2Be good for its own sake. Don't try to be a good person because your parents told you to, because you want recognition or respect, or for any kind of reward except your own satisfaction in doing what you believe is good. Never act superior to anyone else or brag about your "goodness" or "righteousness". Your dedication to a particular creed, ideology, or set of guidelines does not make you better than anyone else. Do what you believe makes you a good person on your own terms, and remember that it's an individual journey-everyone's path is unique. Do good by stealth, and blush to find it fame.[1] Be Good Step 3.jpg 3Be proactive. It's tempting to infer that as long as you avoid doing the things you know are bad (stealing, badmouthing, lying, intentionally saying hurtful things, etc.), then that means you...
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...Benefits of Exporting Goods By John F Black Ads by Google Export from China Made-in-China.com Wholesale Price from Manufacturers Join Us Today & Inquiry Directly! Export Agent Yiwu China www.Ejetgroup.com Sourcing,Translate,Buying,Inspect Warehouse, Ship, All Export Service Container Shipping Companies www.tgl.by Europe - Kazakhstan. Europe - Russia! Having a business is a difficult. You have to deal with a great deal of red tape while you are starting out. You spend all of your hard earned money on the business and you take on a small loan to get you started. Then, you worry constantly about making payments. You also need to address the problems with payroll, suppliers and customers. All the while, everyone thinks you are making out big while screwing everyone over when in fact you are working harder than anyone out there. It should be good to know that your hard work will soon pay off. You no longer need to scrounge the bottom of the barrel for a limited market full of cheapskates. There is an opportunity where you can sell your goods to a wider market and bring an untapped market to your business. You can do this with the magic of exporting. Exporting is a great way of growing your business because it opens up a multitude of opportunities for you and your business. The most obvious benefit is the additional income it provides. The more people you sell, then the higher income you would likely get. Aside from the added income there are other benefits to exporting your...
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...DEFINITION OF GOODS: A good is a product that can be used to satisfy some desire or need. More narrowly but commonly, a good is a tangible physical product that can be contrasted with a service which is intangible. As such, it is capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer. TYPES OF GOODS: Inferior Good: Goods for which demand decreases as consumer income rises. Example: Inter-city bus service and inexpensive foods such as hamburger, and frozen dinners, cheaper cars, second hand/used television, clothing from a charity store. Examples- 1) A Kroger brand of imitation juice beverage in gallon milk jugs. 2) "Value-Time" Ice Cream: Ice cream sold in 2.5 gallon plastic pails at grocery stores, with an emphasis on value and quantity as opposed to quality or advertising. 3) Cosmic brownies: Low cost cakes resembling small brownies manufactured by the Little Debbies company. Tesco value bread. When your income rises you buy less Tesco value bread and more high quality, organic bread. 4) Tahitian Treat: A low-cost carbonated fruit punch beverage. 5) Thirst Rockers Normal Good: Goods for which demand increases as consumer income rises and falls when income decreases but price remains constant. Most goods are normal goods, hence the name “normal.” food,water,clothing, salt, match box, vegetables. Superior Good: Goods that will tend to make up a larger proportion of consumption...
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...Developing Good Business Sense Burger King The first company that I observed and analyzed was Burger King in which employees have several tasks depending on their job title. Within the Burger King restaurants, there are team members, delivery drivers, shift coordinators, assistant managers and restaurant general managers. At BK (Burger King), employees working in the restaurant are expected to prepare products as ordered by customers, interact with customers, unload and stock products, operate cash register, process payments, and respond appropriately to customer service issues. The delivery drivers are expected to package food and drink products ordered by customers, deliver orders to customers in a timely manner, pass out flyers when not busy, greet customers with order, provide change, and respond appropriately to customer issues. The shift coordinator is responsible for restaurant operations during assigned shifts, opening and closing the restaurant, provides production direction to team members, motivates team to exceed customer expectations with food and friendly service, and trains team members. Next, the assistant manager has to manage financial controls, operations, customer service and compliance across shifts in order to achieve increased sales and profitability, and is accountable for restaurant operations in the absence of the general manager. Finally, the general manager is accountable for the operation of the entire restaurant which can include 10-45 employees...
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...Business organizations such as Apple produce and sell goods at a certain price. If customers are not happy with the output this can withhold revenue from a company like Apple. Their profit is based on how many units are sold. Apple is a public company that sells private goods. A private good is a good that is exclusively made for a profit, and there is rivalry involved in obtaining the product or service. Private goods can include clothing and food. A common resource is a good or service which provides users with tangible benefits. Like public goods, these goods are non-excludable, but they are rival. They include things that every person has a right to use, and could also include things in which people contribute to the production of. This may include items in which the public has paid for the production through taxation. They are goods such as water and public parks. To the disadvantage of everyone, overuse of common resources may lead to that resource running out over time. A natural monopoly occurs when a company has a large cost advantage over other competitors in the market. Like private goods, a natural monopoly is exclusive, but has no rivalry. The government is able to regulate the natural monopolies, which ensures that people are charged a fair price. Utility companies would be considered natural monopolies. A public good is a good or service which is non-excludable, and which has no rivalry. It is financed through taxation, and is available...
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...For the purpose of this assignment, I have observed how employees do their tasks at three local stores; a small family run restaurant, a fast food restaurant, and a large-scale supermarket. I live in a small community with fewer than 7000 people within its city limits (U.S. Census Bureau, n.d.), yet there are five small restaurants, seven fast food chains, and two supermarkets. Because there are several options for consumers, businesses need to make the most of their operations and materials management (OMM) processes to draw in as many consumers as possible, and to keep them as loyal customers. The operations, which are, “The value-creation activities that convert a company’s inputs into finished goods and services” (Jones, 2007, p. 373) for these three companies have some similarities, because they are in the service industry, but there are also some differences. The small family run restaurant takes a different approach concerning greeting their customers and bringing them into the restaurant. Someone is at the door immediately to greet them with a warm smile, take them to a seat, and bring them beverages. Even during peak hours, they are sure to greet each customer and let them know how long they will wait before they are seated, if there is a wait at all. The employees of the fast food restaurant, on the other hand, do not greet the customers until they reach the counter to place their order. The customers walk through a maze of ropes to reach the counter, and if there...
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...producing public goods by tax dollars versus producing them jointly with private funds. Support your argument with specific examples. Public good may not be 100% funded by tax funds but could well be underwritten and funded by private organizations as well. It is not feasible to produce public goods using private funding. The reason for this is that there is no way to prevent free riders. Public goods, or collective consumption goods, exhibit two properties; non-rivalry and non-excludability. Something is non-rivaled if one person's consumption of it does not deprive another person. A firework display is non-rivaled - since one person watching a firework display does not prevent another person from doing so. A public good is non-excludable. Its use cannot be limited to a certain group of people. The private groups may find it non-profitable to manufacture or create public good if they don’t get tax dollars from government in addition to their own private funds as they would want to maximize their profit as much as possible. An example of this would be the train industry. Amtrak is a private group that provides some funds and runs the system while receiving federal tax dollars in order to operate efficiently and at a profit. Without tax funding in addition to revenue generated from the train usage, Amtrak would not be successful and most likely be bankrupt. On the other hand, the disadvantage of producing public goods with 100 percent tax dollars is that the project or good being produced...
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...Developing Good Business Sense Developing Good Business Sense The three companies that I chose for this project were Barnes and Noble, the United States Postal Service and Wal-Mart. I observed how the employees of each business do their duties and will discuss the main kinds of OMM costs that companies have and how this affects their operations. Most of the time consumers do not know the process that the products they purchase go through to get to the store or restaurant. They simply walk into an establishment and expect everything to be there waiting for them. Each company uses different operating systems although some companies are similar to other successful businesses. Each business that I observed tries to satisfy the customer with a different service or product. Regardless of how the company is run by the management the mail goal is to satisfy the customer and to make the company profitable. The primary goal of the operations manager of every company is to create happy, loyal customers. By effectively analyzing and managing their business operations they create the products with the features desired by the customers. This can not be done without research. Barnes & Noble is a chain of bookstores that carries thousands of titles. Some old and all the new. It is vital to their business that Barnes & Noble stay up with the current books and stock their shelves accordingly. In order to do this they must have constant research on the latest...
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...1. Introduction Services’ marketing is a sub field of marketing which covers the marketing of both goods and services. Goods marketing include the marketing of fast moving consumer goods (FMCG) and durables. Services marketing typically refer to the marketing of both business to consumer and business to business services. Common examples of service marketing are found in telecommunications, air travel, health care, financial services, all types of hospitality services, car rental services, and professional services. Services are economic activities, rather than tangible products, offered by one party to another. Rendering a service to recipients, objects, or other assets depends on a time-sensitive performance to bring about the desired result. In exchange for money, time, and effort, service customers expect value from access to goods, labor, professional skills, facilities, networks, and systems; but they do not normally take ownership of any of the physical elements involved. Services’ marketing is a form of marketing that focuses on selling services. They can be tricky to sell, and the marketing approach for them is much different than the approach for products. Some companies offer both products and services and must use a mixture of styles; for example, a store that sells computers also tends to also help people select computers and provide computer repair. Such a store must market both its products and the supporting services it offers to appeal to customers. 1.1 Origin...
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...Developing Good Business Sense XXXXX BUS 210 XXXXX XXXXXXX Developing Good Business Sense For this assignment I chose three different fast food restaurants; The Dog House, Gene and Jude’s Hot Dogs and Wiener’s Circle. All three are fast food restaurants in three different Chicagoland areas. Their main specialty is the Chicago style hot dog. All three serve a great hot dog yet the businesses are very different. 1. The employees do their tasks in a similar way. Each place has an order taker that provides customer service. At the Dog House you are greeted by a very polite cashier, you place your order with her, take your ticket number and wait for your food. The kitchen staff makes your food and then another employee barks out your order number. Self serve on the beverages while you wait for your food. At Gene and Jude’s Hot Dogs you stand in a very long line and are greeted by an employee who you place your order with. Then you move along in what seems like a cafeteria line while they make your food in plain sight. Everyone behind the counter is working quickly to fill the orders made. You feel like cattle just moving along and quickly receive your food with a heart-felt thank you. At Weiner’s Circle there is also a long line and you place your order with the cashier. Here the cashier has a major attitude on purpose. The attitude of the staff is the shtick of the place as well as the food. Kitchen staff, in a kitchen that is visible, prepares...
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...School of Management in Paris, and the Vice Chairman of Masisa in Chile. He was a Professor at the Getúlio Vargas Graduate Business School of São Paulo where he pioneered the introduction of teaching entrepreneurship in 1980 and wrote the first textbook in Portuguese on entrepreneurship published in 1989 by McGraw-Hill. He just published a new textbook on entrepreneurship that was published in 2009 by Pearson Education 4 The success of luxury brands in Japan and their uncertain future ABSTRACT The Japanese are the world’s largest individual consumers of luxury brands and form the second largest market for luxury goods after the US. The Japanese were the driving force behind the exponential growth of the European luxury industry and the resulting “democratization of luxury”. This concept of giving everyone access to luxury branded goods is a paradox because it abandons the exclusivity that was the...
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...A service guarantee is a marketing tool that service firms have increasingly been using to reduce consumer risk perceptions, signal quality, differentiate a service offering, as well as to institutionalize and professionalize their internal management of customer complaint and service recovery [Gremler, 2009]. For products, a service guarantee usually comes in the form of a warranty that allows customers to reclaim money or compensate their product during a specific time period as stated in the warranty if the product proves to be defective during this time period. However, unlike products, services are often not guaranteed because the same service cannot be returned to the customer as compensation as well as the experience of the service is intangible. Therefore, the main problem that most service firms face is how they can provide a service guarantee for their services to entitle customers a form of compensation under the circumstances of a service delivery failure. According to Bateson & Hoffman, there are three types of service guarantees. The first is an unconditional guarantee that promises complete customer satisfaction either at a minimum, a full refund or a complete-no-cost problem resolution for customers. The second type of guarantee is the specific result guarantee that applies only to specific steps or outputs in the service delivery process and is considered milder than an explicit unconditional guarantee because the conditions for triggering the guarantee...
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