Wednesday, January 8, 2014

Jan 8th.

I learned how "units of sales" work, from services to retail and how the units work whether it be an hour of service or a piece of an item. I also learned how companies make money on providing you with whatever they provide you with and see how much it cost them to produce and how much they sell it to consumers and see the margin of profit.

I also learned where to go to find sources and associations to help you find information on who to target.

I think this is important because it gives a bit more information on what to expect and a few resources on how to do everything on a business. Making sure you profit margin is worth doing. So it doesn't cost you a lot to make when you sell it to the public so you make good profit.

I  will sure use this later in life because it gives me an idea of how a business works and since I am going into that type of business, it will be very useful in my future because I will know what is going on maybe not detail by detail but in a sense of a whole.

I feel this is very important to one going into business knowing how and where to get research about your company you own or are working at.  Knowing how the market is doing in your area is a big advantage for sure.




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