Weekly Business Review #2 Essay Example | Topics and Well Written Essays - 500 words

Weekly Business Review 2 - Essay ExampleThough this strategy means additional costs, the sales made will share this cost. Nevertheless, according to the customer survey our services are good, so is our burnt umber, and our prices are rated as fair. Therefore, the management purpose to adopt the cost leadership strategy is worth.According to Kazmi (2008, p.225), when a business adopts the cost leadership strategy, it automatically achieves differentiation in its services, in relation to price. The management has decided not to add on whatsoever extra costs in advertising, thus sticking to the previous mode of advertising in golf club to reduce additional costs.The daily receipt indicates that 1500 cups are being served on a weekly pedestal resulting to $4,055 in cash. We would like to increase the amount of coffee being served, and the hiring of an additional emcee to assist in serving all the customers will increase our sales. The local labor reports states that the average t urnover rate has lift to 14% as compared to the previous week, which was at 12%. This could be due to workload and demotivation, thus, hiring an extra server is a great move.The managements decision of not allowing any waste of coffee saves on costs incurred. In addition, the decision of not relying on fair trade advertising is a apt decision, as the newspapers have already advertised, hence saving on costs. Nevertheless, we have decided to replace mail bulbs for $100 as a green initiative, other than replacing toilet, which would cost $600.The caf business is faced by the challenge of long queues, which is viewed as an advantage in some businesses but which could also limit the fall of customers due to the time factor. In order to curb this problem, an additional server will be employ but time will tell. Nevertheless, the caf needs to make more profits and as a result, there is need to increase on sales. Therefore, with time, the management may result to increasing the small cup of coffee by a dollar to amount to $3 while