Business Principles by 50118983 (Lucas Ciconato)

Make a healthy profit

50118983 — 2025-03-13 12:51:42 UTC

Apple maintain a healthy profit by selling a large quantity of their products and they also raise the costs of their products.

Provide quality products

50118983 — 2025-03-13 12:51:42 UTC

Samsung provide quality products to allow the clients to buy new and innovative products which create repeat customers and increase their reputation.

Excellent staff

50118983 — 2025-03-13 12:51:42 UTC

JD ensure they have excellent staff working for them as this increases the likelihood of repeat customers and increases the reputation of the business through recommendations etc

Keep costs low

50118983 — 2025-03-13 12:51:42 UTC

Profit is the amount made by the business, minus the costs associated by the buisness. By lowering the costs of the buisness, the profits increase.

Behave ethically/ sustainably

50118983 — 2025-03-13 12:51:42 UTC

By using less materials or by using recycled materials (like Addidas) the business can keep costs down, increase their reputation in the industry and recieve tax insentives from the government.

Follow and stick to laws

50118983 — 2025-03-13 12:51:42 UTC

All companies are required to stick to certain laws and regulations in the UK, such as Health and Safety laws.

Customer focus

50118983 — 2025-03-13 12:51:42 UTC

BmW have one of the best customer focus's out there- they often ask for feedback from their existing customers and act on the feedback accordingly.

Promote their products well

50118983 — 2025-03-13 12:51:42 UTC

Mcdonalds advertises everywhere and in every way (TV, Posters etc). Promoting/ advertising their products well massivley increases their customer base and therefore the amount of products sold.