Case study in class (team discussions)
- Steve Jones is an owner of a highly competitive small business, which supplies temporary office help. Like most of business people, he is always looking for ways to increase profit. However, the nature of his business makes it very difficult to raise prices for the temp’s services, while reducing their wages makes recruiting difficult.
- Jones has found an area-bad debts, in which improvements should increase profits. A friend and business consultant met with Jones to advise him on credit management policies. Jones was pleased to get this friend’s advice, as bad debts were costing him about 2% of sales. Currently, Jones has no system for managing credit.
Case study in class (team discussions)
- Steve Jones is an owner of a highly competitive small business, which supplies temporary office help. Like most of business people, he is always looking for ways to increase profit. However, the nature of his business makes it very difficult to raise prices for the temp’s services, while reducing their wages makes recruiting difficult.
- Jones has found an area-bad debts, in which improvements should increase profits. A friend and business consultant met with Jones to advise him on credit management policies. Jones was pleased to get this friend’s advice, as bad debts were costing him about 2% of sales. Currently, Jones has no system for managing credit.
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