the more likely that their profit will be more.
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due to their proximity for example St. Louis in Memphis
they did not pose much of competition to Virginia’s Yarn Shop.
in addition are paying a lucrative amount of $3 per hour. This is represented by the growth of the shop from a merchandise inventory where goods were sold at wholesale with a worth of $2300 to the yarn and knitting supplies worth $ 8500 therefore making a growth of $6200.
Virginia has to come up with certain ways so as to maintain her customers as well as increase her sales. These include strategies such as advertising
increase of stock
the shop is worth all the efforts put in it since it shows some signs of improvement and potential according to Virginia. From the income statement at the end of the year depicted by exhibit 1
it is clear that the shop makes a substantial sale that is $ 10
her production will increase thus
more profit. In addition to this
this needs some thorough market research to find if there is a need and potential customer to avoid losses.
she can do more market research to find what the customers’ needs are and address the same accordingly. She can also expand her sale by offering to deliver the goods to the customer at additional cost. There are some customers who may be unable to come to purchase her product at her shop for certain reasons.
000 per month
Virginia needs more advertising to make more people aware of her goods and the variation in prices. This should however be more local than the ones she has used before in order for her to make lots of profits. Since she has identified her target market the right advertising strategy such as advertising on the TV
to spread the good news about hew products. Thus
a chain I created and ultimately