When more than one family members get involved in running a business, management of the family owned business poses more challenges than those arising only from running the business. This is because of the unavoidable friction and conflicts between the family members on the matters related to business. The reason for these conflicts is due to the overlap of the [...]
Here are some issues which must be taken care of (wherever they apply to our business) to make sure that the customer's experience of dealing with us is always positive and pleasant:- We must be watchful about the situations when our customers' emotions are adversely impacted. We must find out whether they are made to feel angry, helpless, stupid or [...]
How to Fix the Price of a Product: Calculations, Methods, Formula, Step, Strategies and Policies! Introduction to Price: Setting the right price is an important part of effective marketing. It is the main factor which affects the profitability of an organization. Price is the only part of the marketing mix that generates revenue, pricing policy can influence sales and brand [...]