The Marketing Services

Language: English
Subject: Other > Other
Age: 16 - 17

The type of storage facility required will be determined by the type of product being stored, for example, perishable items will require fridges, while expensive items may require better security when being stored.

Loans - Finance from financial institutions and must be repaid with interest over a certain period.

It is a good idea for businesses to take out insurance so that should a fire break out in the warehouse, the goods are insured and the business doesn’t suffer a loss.

Businesses must figure out how to convince the consumers to buy their product – this will require innovative sales techniques.

Products that cannot be manufactured according to pre-determined standards and specifications, such as fruit and vegetables, are graded according to the quality of the final product.

Personal debt funding - The ability of an individual to finance business activities through credit card facilities/retirement funds/home loans.

Businesses will need to buy products in order to develop their product and this will require sourcing the best possible goods as well as negotiation skills to get the best possible prices.

The amount of time it takes to transport a product from producer to the consumer, as well as the cost of different modes of transportation (for example, by air or truck) must be considered.

Transportation ensures that the product is in the right place at the right time and available to the customer.