Skip to main content

Posts

Showing posts with the label business

BUSINESS GAME

                 In my Childhood, one of my favourite games is business. There would a certain amount of money that would be given to each players and they need to Buy certain region if they come across those region. And they need to pay rent to other players, if they reach the point of Region owned by other player. Sometimes, there might be a need to pay money to the bank in the inform of income tax or Wealth tax. There might be the chance and the community chest, which might either Credit or Debit money based on our luck, the number that we provide with the help of dice. Though, everyone would be eager to take up the role of players, I was keen to be the banker. The players might either be defeated or win. But, the banker neither wins nor loses.                  It is not easy to win the game. We must take proper decisions as well as the luck should favour us. If either of the one doesn't favo...

CUSTOMER CARE

                          I really wonder how the customer service is provided by the company. There are a lot of people who are working in the customer care sector. They need to have a good communication skill as well as a lot of patience. They need to attend the calls from various customers per day.They have to know the occurrence of the error and try to rectify them as soon as possible. Sometimes there might be a lot of demanding customers too. These people are answerable to them too. They might not be responsible for the problem that has occurred and they might not be in the rectifying team, but they are answerable to the customers. They must ensure that the name of company is not damaged. Sometimes, they might be able to manage the difficult situations too.                           There is always a saying in the business. "Customer is the King". Too...

SWIGGIES

                                   Swiggies are those people who earn income by taking orders from customers and purchasing their desired food items and delivering them to customer's house in quick time. There is an app for providing orders. The app is created in such a way that the customers also get a discount on the price as well as the sales of the food items from various hotels goes on well. If the cost of the food items to be purchased is less than Rs250, there is delivery charge that would be added to the bill. if the bill exceeds that amount, then there is no need of delivery charges. There would be a bonus from the restaurants in case, the number of orders done by swiggies exceeds certain number of times.                                    The most important thing to view in the business aspect is ...

EMI

              EMI stands for equated monthly installment. Every people desire to buy almost all the things, but the earnings and income level decides the purchasing power of the people. Some people can purchase a product by delivering cash along with the tips. Certain people might have a good amount of money in their bank and provide a check for that amount. Certain people can provide ATM card and swipe the amount. There are a certain people who used to buy certain luxury items in the form of the EMI. They will not be having the whole sum of money to purchase a particular product, but they still need the product and they have the power of paying certain amount of money each month until the overall amount is settled.               This concept is similar to the monthly interest that is paid in the banks. Here we are just going to discuss about the advantages and disadvantages of this EMI system. It is a real boon fo...

MLM COMPANIES

                        The abbreviation of MLM stands for Multi-level marketing. The selling of Products at the different level of Customers. We are forming a marketing network under us. We being the leader of the marketing product, earn some money and we should explain about the product to the down-lines who works under us. They should ensure that, they can also earn money if they fix the target and sell the product. The up line who is just above the down line, will start to earn, once he forms a great team as his down line. But he needs to ensure that, his down-lines are active. In case if the downline is facing any trouble while doing the business, the upline needs to ensure that the problem is rectified.                       This business is very much successful in many of the foreign countries.But in India, this business is not much successful, except for few play...

ONLINE HOME DELIVERY

                      Few years ago, there was a concept of Purchasing the goods and services from the various stores,shops and Restaurants. There were a very few things that would be Delivered in home. For instance, we can take the clothes that are being ironed, that will be delivered on doors. There were time periods in which sales representatives used to come up with their bag full of items and used to ask people for buying them. There would not be much people to purchase those items. Those people who were very good at convincing people, might have succeeded in being a successful sales representative.                      But, now a days the scenario has changed totally. Those people who never liked the knocks of the doors at their home, are waiting for the delivery of the items that they ordered through the Online. Of course, there is a system of tracking the delivery of ...

MAKING MONEY OUT OF OTHER'S SORROW

                         Film industry is an industry which was delivering useful messages to the audience along with some good scenes, sequences and dialogues. But, once it has become too much of a commercial business, it stopped benefiting the people with failing to deliver the messages. May be the taste or preferences of audience might have changed. But, still there are a lot of movies that was given a great response by the people inspite of having an unfamiliar cast or crew. Most of the movies are being inspired by either some other language movie or the same language movies that were released long back. That does not matter much, until there is a good theme in the stories.                         But, now-a-days a lot of crimes are happening in most of the places around the country. And a lot of movies are being made on them. I would really appreciate, if ...

ANNOYING AD'S

                             Certain things in this world, looks like something wonderful is happening in and around us. If we look from beyond, it is true. But, as we get closer on and on, we feel like this is the reality and the one being fed to us is not the reality. This heading holds good when we consider the advertisements. The first advertisement that hurts is about the washing bar, it shows as if the cloth becomes like new. But, in the reality the cloth loses its original colour and becomes like a shade of white and not the exact white that we purchased. We can take the beauty products also, it shows that we shine like stars, but the reality is only our cream gets over and fairness is not at all visible.                               Another thing that made me angry was the health drink advertisement. They would say like, this h...

SALE FOR PLOT

                                  Everyone in this world, wanted to have their own house, which is the third most needed after food and clothing. The people who are staying in the rented house, especially wanted to move on to their own house. It is a good move to bring on the process of selling land at affordable prices for the people who are having low level or middle level income. But, the question that arises here is people won't be satisfied with the single property they have, they try to keep on expanding their wealth. What if these houses again move on to richer people, who can afford to buy many houses at this cheap rate and if it does not reach the poor people, who all wished to have a own house.                                  Another question that arises in my mind is, there are a lot of agricultural lands...

TRANSPORTATION PROBLEM

                               Transportation is a major area where the money is spent in a greater manner in business. The cost cutting is majorly done in transportation sector especially when we are in a logistics business. If there is a strike of the transportation for even a single day, the normal activities of people would get disturbed in a great manner. Such is the importance of transportation problem. A feasible is study is made and analysed which method of transportation will reduce the cost and this is one of the major area covered by a subject known as Operations Management.                               In the Production sector, the transportation plays a major role in maintaining the supply and demand. In the Transportation sector, The transports must be scheduled based on the forecast of travelers, unless and until al...

IMPORTANCE OF TAGLINES

                                        There are many products in this world. Each product comes under one brand at the most. The brand has some catchy words which attracts the customers to purchase the product and services. These catchy words are known as taglines. We can do business without taglines, but these taglines gets the immediate attention from the customer. The taglines must be attractive as well as explain about the product in few words. The length of tagline should not be more than 10 words, as it might be too lengthy. People does not like to spend so much time on them.                                         There is a chance of getting replacement of taglines after some decades and there are certain products and services whose taglines remain the same after number of year...

PARROT ASTROLOGY

                                    Astrology is done as a prediction that may or may not work. There is an ancient tradition from people of Tamil Nadu, who used to see their astrology and thinks that parrot has a power to predict the future of a person. There would be a trainer who used to train parrot and make it act according to their wish. Usually, the parrot would be inside the cage and there would be a lot of placards outside the cage. Each placard will have a image of some god or animal or personality etc. The trainer would ask the name of the person whose astrology is to be predicted. After getting the name, the trainer would ask parrot to take a placard for the name.                                     Following the trainer's instruction, the parrot picks up a placard and gives it to trainer. after...

BEAUTY PAGEANT'S IMPACT ON INDIAN WOMEN

                              We will start with the quote that "beauty does not lie in one's looks and it lies in one's heart. But, Everyone likes about the external appearances and consider them as real beauty and the inner real beauty is not being considered. There is a world level competitions that are being conducted for the real beauties. The competitions for miss India, Miss Universe etc. These competitions are being conducted to promote the foreign brands in India. That is the reason that they gave the title to Indian Women. They might be beautiful but still the award was given just for their business.                               India being the second largest populated country in the world, They targeted Indian market and gave awards to these women. After reaching the market, they stopped doing so because of the fact that, th...

INVESTMENT DECISION

                             It is always a wise decision to invest in either gold or land or stocks, shares, bonds debenture etc. The sole aim of this investment is to earn profit and utilize it for future purpose. But, we must understand one thing before investing. That important thing is the return we get back. The return is basically high when compared to the investment in terms of the value in most of the cases. but, when we consider the Net present value, the returns might not be greater than investment. So, we must be very careful in that decision.                              Net present value is nothing but the amount we receive in future divided by the interest rate. Suppose we are investing 10,000 in a bank and get back 15,000 in the next year, it has more value than getting 3,200 for the next 5 years. Since, the value of 320...

BANK LOANS

                                    Most of the people in the world are having loan some kind of relationship based on loan. they may be either a loan giver or a loan taker. There might a offering of getting loan from a bank and then putting the money as a fixed deposit in another bank. if the rate of interest to be repaid is lesser than the Rate of interest of amount deposited in fixed deposit, Then this can be considered as a beneficial business, otherwise it is definitely not. The various loans given in the normal banks are house loan. House loan is the cheapest loan of all and the duration to repay this loan is very long.                                   The next in this list is the personal loan. The personal loans may be used for the personal reasons like marriage, functions and related activities. The am...

CONNECTIONS

                               Connection is the ability to link something or the other. That can be either persons or companies or certain things or concepts and so on. Always linking one thing to other makes the process of understanding simple. Relating everything in the world might create confusions. But relating everything to maximum possible extent is advisable. These established relations are called as connections. Once upon a time, there are a lot of things that are being done to get a work done. They are mostly due to the proper procedures being followed.                               Now-a-days very few things follow proper procedures, remaining activities are being carried out by the established contacts or connections. This is especially happening in the government offices. In the olden days, there used to be lot of appl...

MIDDLE MAN

                                  Middle man is a kind of business that is being done by lot of people. The produced products will be distributed through to others with the help of these middlemen. The will be either wholesaler or retailer or distributor. Their main aim is profit. The get their products from the producers at the cheapest possible price. Then they will sell those products to customers or consumers in a sole aim of gaining a large amount of profit. It is also business in which their is a chance of loss, if they don't sell the products properly and the source of product is not proper.                                  The main problem with the middlemen ,they sell the products at an alarmingly high price, yes there is a risk involved in it. But, they should understand that most of the people are below po...

DURABILITY OF PRODUCTS

                                      Products life cycle consists of four different phases introduction, growth, maturity and decline. This is happening having consideration with the products available in the market. When we consider a customer mindset, he always believes in buying a cheap and best quality product. This is a very rare combination that is available in market. We have to compromise on anyone of the above mentioned. The requirement of the products is being changed regularly. When a new product is launched into the market, people are more keen to try them out.                                     So for trying out those products, he needs to buy at least a sample of it. People are thinking about only using the product and not the life cycle of a product. The consumer goods are the goods ...

RAILWAY CATERING SERVICE

                                      Railways is a sector which is coming across lot of passengers who are in turn the customers. There are certain places in the country where local trains are also available and certain places where only express and super fast trains are developed. It is the one of the cheapest and comfortable mode of transportation in our country. Local trains travel is just for a few minutes. But, there are lot of trains in which there will be a extended travel. During those cases, the catering service comes into play. If you try packed foods during the entire travel it won't help.                                        We would be making use of the catering services that are being provided. In most of the cases, the food prepared by these catering services are not good. P...

ASTROLOGY - DOES IT REALLY WORK

                                Astrology is just a prediction of future. It is very difficult to predict the future whomsoever it may be concern. The one and only power which can create and predict the future or anything is the almighty, the lord, the one and only god. The astrology mainly depends on the rotation or revolution of the planets. It states that there are millions of people in this world who might be having similar zodiac signs. It cannot be said as common that, all people who belong to a particular sun signs does not have the same kind of life.                                  The life and happenings of the different people will vary, but they are predicting a common saying for all the people belonging to particular zodiac sign. Here, it means that most of the people belonging to that particular sun sign wil...