Prepare budgets and financial plans Essay Example | Topics and Well Written Essays - 750 words

Prepare budgets and financial plans - Essay Example Baby monitoring devices can also be concentrated upon as parents are devoting much of their time to work. For example, the use of USB/ Flash Disks is currently on the rise. What features of the Flash Disks do they give most importance to Is it the slimness Is it about high memory There is a need to know this - Advertisements and other sales generating and improving activities require funds. It is well known that the degree of effectiveness of promotions campaign is directly related to the customer appeal of products. An inventory of prices, survey on product features and another survey of current marketing strategies of other companies can give the following data that will surely help in decision matters in the degree of intensity of sales activities. b. Policies on International Trade - there is a need to know what the government is planning with regards to the international market. Government initiative on establishing diplomatic and business relations with other countries can open up new markets. An embargo to a certain foreign market can greatly reduce opportunities for sale. An up-to-date inquiry in appropriate government offices, past government measures regarding the business environment and analysis of the current political situations can provide the necessary information needed for this field. concerns about the toxici... 3. Budget for Personnel Development a. Training - determines how well-versed a sales personnel is making a sale b. Incentives - determines how much a personnel can expect for his performance given a rewards and bonus system Competition An inventory of prices, survey on product features and another survey of current marketing strategies of other companies can give the following data that will surely help in decision matters in the degree of intensity of sales activities. 1. Product Price Comparison Table 2. Product Specifications, Features and Qualities Comparison Matrix 3. Marketing Strategy of Other Companies 4. Competitor's Market Share These data will serve as a basis of comparison for the company's own products. It can give details on how to best improve the product's customer appeal thereby increasing sales. Government Policies 1. Economic Policy Settings a. Taxation Measures - tax imposed on product sales can greatly affect the resulting net sales revenue and the selling price of the product b. Policies on International Trade - there is a need to know what the government is planning with regards to the international market. Government initiative on establishing diplomatic and business relations with other countries can open up new markets. An embargo to a certain foreign market can greatly reduce opportunities for sale. An up-to-date inquiry in appropriate government offices, past government measures regarding the business environment and analysis of the current political situations can provide the necessary information needed for this field. Environmental Policies 1. Location Restrictions -