Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Conceptual review of sale promotion
Conceptual review of sale promotion
Conceptual review of sale promotion
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Conceptual review of sale promotion
Salem Telephone Company Financial Analysis
In 2001, Salem Telephone Company created a subsidiary, Salem Data Services (SDS). The intent of creating SDS was to provide a revenue stream to subsidize the telephone operations and alleviate the need for a rate increase. Unfortunately, after 3 years, SDS has not met profit expectations. In fact, SDS continued to experience losses at the rate of $40-$45k per month making it necessary to reassess operations. While providing services to both internal and external customers, SDS found that their computer system had surplus capacity to support additional commercial sales. Based on the amount of unsold monthly computer hours, Salem Data has about $190k of revenue potential from the commercial sales. With increasing pressure from shareholders and record low financial performance, Salem Telephone reexamined the current business model for SDS. However, Salem Data’s ability to reduce costs is limited based on 91% of expenses being fixed presents a challenge to overcome losses. The following analysis is an overview of performance, assessment of costs and estimates for possible effects of increasing profits concluded by a future recommendation for Sales Data Services.
During first quarter operations, Salem Data Services reported 90% of accrued costs were fixed with the remaining being variable. Fixed costs included rent, custodial services, computer leases, equipment maintenance, depreciation, power, system development/maintenance, employee salaries. Salem Telephone also provides corporate services for processing accounts receivable and past-due accounts which fixes the cost paid out by SDS for an essential function of the company. Variable costs include hourly wages and sales promotion since they depend on the amount of business and can change with business activity. Since these were the only variable costs, the cost per revenue hour was calculated (Figure 1) for both operations and sales during first quarter.
While January through March remained constant at a level of $24.00 per revenue for hourly operations, sales promotion per revenue hour went down $24.04 in January to $22.39 per revenue hour in March. As a result, expenses went down as revenue hours decreased. March, however, was the highest revenue generating month all quarter. SDS has focused their efforts to increase revenues by selling the available hours that are available to other companies to turn a higher profit. In order to achieve higher sales and increase profits, Salem needs to focus its efforts on sales promotion. The extra revenue will cover the fixed costs and improve the profit outlook.
Lowe’s Companies, Inc. is the fourteenth largest retailer in America, and overall the world’s second largest home improvement retailer. They are the 108th ranked corporation on the Fortune 500 top corporations list. With an impressive in store stock of 40,000 home improvement items on hand, ranging from lumber to Home décor items, plus an additional 400,000 home improvement items available through a special order program. Lowe’s provides a onetime stop for all home improvement needs, for both the Do-It-Yourselfer, and the ever-expanding market of the Commercial Business Customer.
Situated in the heart of North Carolina, the Town of Chapel Hill is located in Orange County (and part of Durham County), and dubbed the “Southern Part of Heaven” (Town of Chapel Hill, 2014). Serving home to the University of North Carolina at Chapel Hill, along with UNC Health Care and UNC Children’s Hospital, it is the 16th largest municipality in North Carolina, with an assorted population of over 58,424 residents (Chapel Hill Community Overview, 2014).
The customer support and customer service functions are more than departments; they are part of an essential strategy for growing your business. In the modern business climate, customers expect answers to their questions immediately. When the right information is available anytime, from anywhere in the world, customers are more likely to have a positive experience, thus customer loyalty will be increased. It is a known fact that the cost to obtain a customer is ten times higher than to maintain and keep existing customers. (Gouran, Dennis, W.E. Wiethoff, & J.A. Doelger. (1994). Mastering communication. 2nd ed. Boston: Allyn and Bacon.) Not in Reference Pg.
The following document is the financial analysis with financial proposals to move Creekside Community Hospital into a strong economic future. To determine the best financial practices for Creekside Community Hospital, many factors were considered. This analysis starts with an evaluation of current capital structure and the organization’s liquidity and profitability ratios while offering recommendations to improve Creekside Community Hospital’s current financial standing.
Service fees could be a concern if business in the first six months is not on target to meet the first year revenue of $25,000. Improvement in this area may require looking at costs incurred compared to revenue coming in. Changes such as driving routes, time spent in traffic and time spent with pet must be reviewed for better efficiency.
Comcast Corporation is a media conglomerate with wide-spread reach across multiple industries. Comcast consists of four lines of business including Comcast Cable, NBCUniversal, Comcast Spectator, and Comcast Ventures. With the addition of NBCUniversal and Universal Studios in 2011, Comcast Corporation grew to five reportable business segments: cable communications, cable networks, broadcast television, filmed entertainment, and theme parks. As of December of 2016, Comcast’s two primary business are Comcast Cable and NBCUniversal accounting for nearly all the company’s revenue.
AT&T leverages their finances quite well in comparison with the industry. Their main competitor is Verizon Communications Inc., together representing the two largest communication companies in the industry. The fiscal, customer, and services of these two companies make up a significant portion of the domestic telecom services industry. Therefore, they should provide the best comparisons in regards to capital structure.
Information-intensive tasks like gathering and sorting reams of customer data and quickly reacting to changes in component costs are vital to improving the efficiency of a direct sales operation, and Mott's experience implementing such a system at Dell will be invaluable to HP.
Strategic Audit of Motorola Corporation. Motorola Corporation is a leading supplier of wireless communication systems, wireless accessories, wireless handsets, digital entertainment devices, and broadband systems. They are well known for their MOTORAZR, MOTORIZR Z3, and MOTOKRZR handsets and are the only provider of iDEN network to Sprint Nextel which uses infrastructure equipment. They also are leading providers for the delivery of networks which are used in the delivery of video, voice and data services. Their headquarters are in Schaumburg, IL and operates in the United States with 66,000 employees (Motorola, inc., 2007).
...ined, computed, and predicted for each operation with a reasonable degree of accuracy. Indirect and overhead charges can be assigned to the costs of operation in direct and equitable proportion to their time contribution to each function or activity by applying a time use of facilities approach and a workstation use rate. With this total absorption costing method is it possible to isolate cost of individual parts, item, and operations. One can quantify the impact of methods or product design and changes. The cost impact of capital facility and data control feedback improvements can be defined by comparing standard costs accumulated in the WIP inventory record and the actual costs accumulated. One can identify and promote higher margin products and services. Differences The primary differences between the conventional method and how the use right applies indirect and period costs to the product is that the use rate applies the capital investment burden (depreciation), manufacturing burden and overhead, indirect costs, general and administrative expense to a stable predictable measurement unit (square feet and time) on a time sue of facilities, total absorption, standard costs basis.
DataClear had also recorded very impressive sales growth in its first two years and, given the projections, were looking at 300 percent average revenue growth thru '02. The case analysis available shows that DataClear has a $600 million annual domestic market for its current product and $1.2 billion when you add in the global market in telecommunications and financial services. With product expansion, there was a potential annual $2.7 billion market ($1.5billion domestic/$1.26 billion abroad) to target in the telecommunications, financial services, chemical, petrochemical, and pharmaceutical industries combined.
New technology is always developed with hopes to facilitate things however, they too have their setbacks. They provide many advantages to residential and business users. With home computers and high speed internet becoming commonly available VoIP phone service appears to becoming more popular. VoIP offers low cost service resulting in greater financial savings. One network provider offers PC-to-PC phone calls anywhere in the world for free. This makes it easier to communicate for a much lower fee then most telephone providers. Moreover, this also help cut cost on taxes. This is due to the fact that calls are being carried over the Internet. Since government heavily taxes telephone companies compared to VoIP this can lead to substantial amounts of savings.
Introduction Philosophy is the study of all the general and fundamental aspects of every human being. It could also be a way of thinking regarding many different topics and situations. Many philosophies are considered when developing policies that affect the ability of employees to adhere to reasonable rules. Some philosophies that are used are the philosophies of business, management, human resources, and ethics. Ethics philophies let the management incorporate the moral issues within their policies thus creating a belief in the employee for the business or corporation.
Telecom provides the services to residential, small and medium sized enterprise(SME), corporate and also to wholesale customers.
Studies run by companies with specialization in data management offer statistical insightsinto customer perception and satisfaction.These studies also provide a necessary conclusion about how businesses need to change in order to answer to the requirements of their