...COLLECTION OF THEORY RELATED TO YOUR TASK | MODEL ESSAYS 1. MODEL ESSAY 1 I. VOCABULARY English words/phrases 1. Source: Definition (Eng) (Oxford, Cambridge, The free dictionary…) Definition (Vns) (Lac Viet, Vdict…) Synonym / related expression (if any) (The free dictionary…) Example (Oxford, Longman, Cambridge dictionary, The free dictionary, This model essay…) More information(Wikipedia…) 2. Note: If the words have more than 2 meanings, the bold words or phrases are ones that closely related to the context in our textbook Word/Phrase | Definition (Eng) | Definition (Vns) | Synonym / related expression (if any) | Example | More information | Provision (n) | 1. a condition or an arrangement in a legal document2. the act of supplying sb with sth that they need or want; sth that is suppliedhousing provision3.provision for sb/sth preparations that you make for sth that might or will happen in the future | 1.Điều khoản2. sựcungcấp3. Sựchuẩnbị, sựdựphòng | 1. condition, term, agreement, requirement, demand, rider, restriction, qualification, clause, reservation, specification, caveat,proviso, stipulation2.supplying, giving, providing, supply, delivery, distribution, catering, presentation, equipping, furnishing, allocation, fitting out,purveying, accoutrement3. arrangement, plan, planning, preparation, precaution, contingency, prearrangement | 1. Under the provisions of the lease, the tenant is responsible for repairs. 2. The government is responsible...
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...My Part Time Online Job Have you heard about online job? What do you think of it? Are your mind questioning about it? Or you may just let it passing by. Well if I were you, you must have to convince yourself to make it real. I know it’s interesting right? Even if your mind speaks that it’s a difficult one and you can’t do anything or you don’t know about it, there are many online jobs there are just easy to do, then maybe you have a hidden skills that is not improved yet, so you must try this and maybe soon you will have a successful business or you may be a good writer that made your life a successful one. Online job is one way of earning money in your own ways you can sell anything, you can have a business with it and you may work with clients. All you have to do is to worked and focus on it as if it is a part of your life. First, Online Job is not only refer in working on different projects, it is also refer in selling, we all know that selling is the fastest way to earned money. As we have noticed, many websites there are selling products and searching for buyers, it means that we can market our products by using online internet sources. To do so, we must create an account in a different marketing websites like sulit.com.ph or ebay.com, and then do some listing or posting your product items in order to sell. Though Online Selling has no permit, all we have to do is to contact any buyers and costumers and deal with them. In terms of...
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...Online sales tax is a current hot button topic. Our government is debating if there should be a sales tax on internet purchases currently. Every person has their own opinion about whether there should be an online sales tax. This doesn’t just effect the person or company doing the selling but also the consumer. There shouldn’t be a sales tax on person to person online purchases due to several factors including a sales tax has already been paid, it will dissuade people from selling their used items they no longer want, and every state has a different sales tax amount. It doesn’t matter whom you are, a sales tax is added to the items when they are purchased. So a sales tax has already been applied. How many times is a sales tax supposed to be applied? And to what extent is everyone supposed to apply a sales tax? Are we really supposed to add a sales tax to items we sell at a yard sale or at a flea market? I think not. So why should someone add a sales tax to their used items they are selling from eBay, Amazon or Craigslist? They shouldn’t have to. There is no need to apply a sales tax for a second or third time on these used items. A person wanting to sell their used items will be less likely to list them if they have to apply a sales tax. Obviously the person selling their used items is not going to become a millionaire so any profit that is brought in from the sale of used items should be kept as just that, profit. If they have to start applying a sales tax...
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...market? Answer. Strength The strength of Mistine is it leads the Thai direct selling cosmetic market since 2007. Mistine not only serve a wide variety of quality products but also at affordable prices. Every product will be inspected and tested before being delivered to the warehouse. These ensure the quality and standard of the product. Every Mistine product comes with a satisfaction guarantee that if any reason a customer is not satisfied with their purchase, Mistine will replace the product or offer a full refund without condition. Not only that, Mistine also uses TV advertisement campaign to create awareness among the people in Thailand about Mistine’s product. Weakness The weakness of this company is the high turnover rate among the salespeople which is at 200 percent. Most of them sell Mistine product as a second job or part time job. Most of Mistine product are for women so it is hard for the company to expand their product to target the men’s market. Not only that, a lot of people perceived Mistine’s product is a low quality product and for lower income people because of the price range. The success of Mistine depends mostly on the salespeople, it could be a possible weakness in the future if competition among the direct-selling companies increases or the power of labor unions get high. Opportunity Mistine has an opportunity to increaseits sales because it is reported that direct selling market grow at the rate of 15 percent every year. The increase is due to mainly...
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...company doesn’t have any programs that will pay the employee for their sick time. The company doesn’t also have any type of paid vacation. A company that offer incentives based only on sales, gives their employees nothing to look for in the long run. “Compensation practices are strategic when they encourage employees to put forth their best effort and perform in ways that help the company produce its particular goods and services”. The company should introduce a system that have a short and long term incentive for an employees’ performance. This will ensure that the customer stay motivated to continue sealing sales. An incentive that gives the employee an extra $500 with the highest sales would push the agents beyond their comfort selling zone. I also think that Collegiate Promotions should try to implement a 70/30 plan, which gives their employees a base rate of 70% and the next 30% from sales. This will ensure that the employee gets a check even if they don’t sell anything, but also keeps them motivated wanting to meet the target in order to get the additional 30%. This type of system doesn’t punish the employee when they don’t sell items, but motivate...
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...needs to engage in Self-Service Ads and Engagement Ads, like Facebook does. Pinterest should duplicate their revenue model on Facebook’s revenue stream. Opportunities to Create Value Through Revenue Stream Strategic Area: Opportunities to Create Value: Challenges to Create Value: Accounting • Create large cash flow for immediate expenses • Limited free cash flow Finance • Create capital for current and future investment opportunities • Lack of capability to invest in opportunities Management • Create a relationship with ad/marketing consultants • Negotiations about details with new consultants Marketing • Market new opportunities for others to advertise on Pinterest and charge fees to businesses • Lack of experience in selling Ad space and charging for business membership Opportunity and Challenge Overview • The plan to create a revenue stream will help with many areas. Every business needs money to run, and Pinterest has no income. This income will allow Pinterest to pay more employees, which will help with their everyday tasks. • New financing will allow Pinterest to invest in new expenditures to expand their business. For example, Facebook created revenues with advertisements, and obtained desirable workspaces to entice the best employees. Pinterest does not want to be without capital for...
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...postal services, radio and television to communicate them. Moreover, internet is very useful for businesses to sell products online over the world. The internet is growing strongly and if companies do not adapt they will lose customers. Role of Internet marketing: - Internet marketing means different things to different people.The main aim of the producers are to get maximum profit by selling products online. The internet marketing introduces the products and services online. The internet Marketing has increased the growth and importance of the internet, used by the users in different countries because it benefits the producer to increase the organisation profit by selling their product online around the world to different people. Moreover they can also provide information to the people through websites. * B - Describe how 3 chosen organisations use internet marketing. In this part I’m going to explain about Tesco which is one of the commercial businesses that use internet to sell their products to consumers. There are many different types of products in Tesco like grocery,house hold,accessory,pesonel care, travel,gift, clothes( women,men,kids wear)shoes ,make –up, hair,electrionic devices like moblies and many more products. Consumer can buy the product by staying at home rather than going to stores to buy. Moreover, the advantage of the online is that it is easy to use by anyone and it also saves time from busy schedules. More than this,tesco is also provide free delivery...
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...Explication and Argumentation to a Specific Audience It’s accurately described as the world’s online marketplace, connecting buyers and sellers both near and far. The vast majority of people are casual, intermittent users. But maybe you are ready to take that next step and make selling on eBay a full-time vocation. Nearly anyone can sign up and begin selling immediately, but only those who maintain the status of PowerSeller are able to financially maximize their selling experience. EBay makes a portion of their profits by extracting a fee from each attempted and actual sale. This fee is deducted from the sellers account. The fees are structured at a lower percentage for those who generate the most profit for eBay; those are the PowerSellers. A PowerSeller typically saves 5% over members of the general selling class. Other benefits exist beyond reduced fees, including access to group health insurance and representation in customer disputes. Even United Parcel Service in a cooperative agreement with eBay will offer shipping discounts to PowerSellers. With benefits such as these available, it’s obvious that the PowerSeller program is an attempt by eBay to attract recruits. The decision point for interested individuals as with any decision often comes down to the overall opportunity cost. Those can be weighed by viewing eBay’s PowerSeller and Top Rated Seller Policy. The website itself is accessible on the internet or smartphone as eBay.com. The PowerSeller requirement...
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...objectives of any compensation system are to attract workers, retain the best employers and motivate employees to help the company achieve its strategic goals. Employers must balance compensation cost that both ensure organization competitiveness and compensate employees. The way collegiate promotions structures their business that independent sales representative determine their own compensation. For collegiate promotions this strategy works because the company is able to reduce their overhead by increase their sales force. The sales representative would sale at the high end of the scale in order to maximize profit. Sale positions are very competitive and demanding. Sales representative sells goods at high prices and establish selling price at a competitive level that allows for a reasonable profit. Such objectives result in sales representative having different markup on items. Most sales representatives will sell at the top of the price range if the demand for the products are high and the quantity of products are low....
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...Analyzing Managerial Decisions: eBay.com 1. How does eBay create value? eBay creates value by bringing together buyers and sellers in online forum that enables people to buy and sell a wide variety of goods. It is a mechanism for people who want to do their shopping from their home to do so. It also provides a safe and secure way for buyers and sellers to complete transactions. 2. What potential contracting problems exist on eBay? One of the contracting problems might be the selling of damaged or inferior products by fraudulent sellers. Another would be the misuse of eBay by trading banned items. Another would be that the seller may deliver a product that doesn’t meet the expectations of the buyer based on the item description or there could be non-payment of goods by the buyer or non-delivery of the goods by the seller. It is also difficult to judge the authenticity of buyers and sellers in advance, which creates a problem for eBay by having to verify the people involved in the transaction. Also, another problem would be transportation of goods from one place to another. eBay has no control on the delivery schedule of products as they have to rely on the transportation system the seller chooses. 3. How does eBay address these problems? eBay addresses these problems by insuring the buyers for non-delivery/damaged delivery of products. It also establishes in-house fraud prevention and escrow services to prevent fraudulent transactions. eBay also...
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...hotels and resorts Government: All government-led projects related to the above industries Some may wonder of the tourism industry is a success or failure; it ultimately rests on the ability to sell. A salesperson covers a wide range of positions from order taker to order getter responsible for relationship building. The nature of tourism sales ; sales personnel serve as the company personal link to customer and personal selling is the most expensive contact and communication tool used by the company. The salesperson representative in the tourism industry performs one or more of the following tasks for their companies such as Prospecting, Targeting, communicating, selling, servicing, information’s gathering, allocating, and maintain strategic partnership. Prospecting is when sales representatives find and cultivate new customers. Targeting is when a sales representative decide how to allocate their scarce time between prospect and customers. Communicating is when a sales representative communicate information about the company’s product and services. Selling is when the sales representative knows the art of salesmanship approaching presenting answering objection and closing sales. Servicing provides various services to the customer consulting on their problems, rendering, technical, assistance, arranging financing and expediting delivery. Information gathering is...
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...Assessment #5 Collegiate Promotions Strayer University HRM530 Section May 29, 2011 Week 10 Assignment 5 Outline I. I believe that the compensation system at Collegiate Promotions is an effective system because of the following: a. The commission compensation system is an effective system to attract sales people. Sales people who are aggressive tend to favor commission-based pay. Sales people who excel at sales will favor the compensation system because they are willing to accept the risks associated with low sales. b. The compensation system at Collegiate Promotions is an effective system from the employee’s point of view. Employee’s willing to accept the risks of low sales favor commission because it has a major advantage over salary. Commission compensation usually results in higher pay than salary compensation. c. The compensation system is an effective system because the commission range for the sales of novelty goods is up to fifty percent of the sales total. Sales representatives at Collegiate Promotions receive a commission of half the amount charged over the wholesale price. The compensation system at Collegiate Promotions is effective because it does not include a base salary so sale representatives earn fifty percent of the amount charged over the wholesale price. d. The compensation system is an effective system because sales representatives are not employees of Collegiate Promotions. Sales representatives work for themselves and have independent...
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...What is a company’s best asset? Their product? Their CEO? Their sales assistants? No their best asset is their marketers. If a marketer is the company’s best asset then what is it they do exactly? A marketer’s job doesn’t have a set criteria list that states whether to making them a good marketer or not. What makes a good marketer is their skills in analysing, eye for details, research abilities & many more attributes. Marketers spend a lot of time analysing not only their own brand but the competition. This allows them to compare brands to see who is leading the product race and the differences others have that are giving them a leading edge. Once data is collected it is the marketers’ job to analyse the results, from the results the marketer will come up with a sales campaign that will would either form a way to further promote or re-invent the product. Within Byron Sharp’s publication Marketing: Theory, Evidence & Practice he states “While success or failure depends a great deal on luck, marketing strategy has a huge influence on a brand’s success or decline. There is much marketing knowledge that (if used wisely) can help grow brands.” An example of this is the Apple product the iPod. The iPod was hugely successful due not only to Apple’s marketing campaign but the way they saw the future within computer storing software of music formally known as iTunes. The iPod wasn’t the first portable music player but outsold the original Sony Walkman 5 to 1 in the first...
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...Amazon – Group Work Cost Factors Amazon has a fixed cost business model, they use the Internet to gain highest possible leverage out of their fixed assets. They sell music, books and consumer electronics, which means they are selling ownership of a physical product, this is called asset sales. They have a massive IT infrastructure that needs maintenance to keep their costumers. Amazon let individuals and companies pay a small fee to use their infrastructure, using it as storage for their business. This is cheaper for the customers and Amazon benefits from it. It may seem that Amazon is struggling economically since they keep losing profits, but investors keep putting money into the business, pushing them to a higher level. It is shown that Amazon is a very beneficial platform due to the fact that people wish to sell via their homepage. They tend to loose money due to their massive investments, but in the end they profit from all of their transactions. Amazon's annual report from 2012 shows a decrease in operations income by 22% in 2012, a 3% decrease since 2010. However their cost of sales has increased to 24,8% in 2012, 2,5% increase since 2010. References Noren, E (2013) Digital Business Models, How Companies Make Money Online. Available at: http://www.digitalbusinessmodelguru.com/2013/07/analysis-of-amazon-business-model.html (Accessed: 21 November 2013) Business Insider (2013) Former Amazon Employee Explains How The Company's Business Model Really Works...
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...target new prospects is a Geo-Mapping Software, they use a design software to design clothing, and an IT software to assist in sales and support their website. They also have a back-end tool for retailers to place orders over the web. The creators use the design software to outline new clothing ideas. The geo-mapping software is used to look for new markets to sell children’s clothing in. The geo-mapping software also allows the company to target new customers. It allows them to see where they are strong and soft in the market. Then, they use that information to target where to promote and sell their product. The websites are used to conduct, promote, and design their business. 2. The IT software allows them to service their customers online without needing a sales rep available at all times. The design software allows Emily and Leigh and easier way to put their designs “on paper” and see the finished product in a more 3D setting. The Geo-Mapping software allows sales reps to find markets that either do not have a children’s clothing outlet or is not over saturated by children’s clothing stores so they are not trying to compete with larger chains (such as Baby Gap, The Children’s Place, Carters, etc.). Geo-mapping is helping the company grow by helping them target new areas they can open stores. The sales reps use the results from the geo-mapping system to find regions that do not currently have a large market of children’s clothing. The results also help them determine the...
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