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Module6purchasingpower
Purchasingpowerthenumberofgoods/servicesthatcanbepurchasedwithaunitofcurrency.Forexample,ifyouhadtakenonedollartoastoreinthe1950s,youwouldhavebeenabletobuyagreaternumberofitemsthanyouwouldtoday,indicatingthatyouwouldhavehadagreaterpurchasingpowerinthe1950s.
Contents1.Onlinetrading2.Managingsuppliers3.Acontracttosupply4.Letterwriting
OnlinetradingWhatdoesqualitymeantoyou?DegreeofgoodnessorworthGeneralexcellenceWheredoesitcomefrom?
AccordingtoPeterF.Drucker,qualityisnotthesuperiorityordegreeofthegoodnessofaproductorservice.Qualitydependslargelyonhowthecustomerassesstheproduct–theuseofitandthepriceetc.
Onlinetrading(presentation)Supposeyouaresettingupanonlinetradingbusinesssellingantiquejewellery.Figureoutthefollowingquestions:Whatwouldbetheimportantfactorsinmakingasuccess?(thinkaboutthedescriptionandillustrationofthegoods;delivery;payment;references/feedback;returnspolicy)Howtopromoteyouronlinestore?Whatarethepossiblerisks?
OnlinetradingTheactofplacingbuy/sellordersforfinancialsecuritiesand/orcurrencies?withtheuseofabrokeragesinternet-basedproprietarytradingplatforms.?Theuseofonlinetrading?increaseddramatically?inthemid-tolate-90swiththe?introductionofaffordablehigh-speedcomputersandinternetconnections.
Stocks,bonds,options,futuresandcurrencies?canallbetradedonline.
eBayanonlineauctionandshoppingwebsiteinwhichpeopleandbusinessesbuyandsellabroadvarietyofgoodsandservicesworldwide.Foundedin1995,eBayisoneofthenotablesuccessstoriesofthedot-combubble;itisnowamulti-billiondollarbusinesswithoperationslocalizedinoverthirtycountries.
ManagingsuppliersVocabularySupply,deliver,transport,thesupplychainorder,stock,adefect,faulty,lead-time(fromordertodelivery
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