Business Report
Throughout the current semester we have been faced with various scenarios and situations that one could encounter when working in the diverse fields of the business profession. The first twelve assignments in this course allowed us to identify and analyze different situations that one may experience so that we will be well prepared when faced with a similar situation in our professional careers. Through these assignments we have examined such things as customer service, focusing on how to maintain a high quality of satisfaction among those whom are served by your business. We also analyzed ways in which we can make our company appealing to potential cliental through the use of effective advertising and marketing. Though all of these are important in operating a thriving business they are not the only things that one should focus on, so now we are going to study the direction our company is heading, and what the management is doing to ensure that the company will be successful in the future. This report is going to take an in depth look at Purchasing, Inventory, Sales, Advertising, and daily operations.
Purchasing
The hardest part of working in the used car business is buying reliable merchandise. Since we are not usually able to obtain the car directly from the owner we never know how the merchandise has been handled and maintained up until that point of purchase. Obviously, when your inventory of products consists of expensive merchandise like cars it can be very costly to the business when you make a mistake during the acquisition. In order to limit mistakes we only allow three people to purchase cars and appraise trade-ins. The owner has 35 years exp ...