Tips on Balancing Customers’ Expectations with Business Profitability

When searching for information on the subject of finding tips on balancing customers’ expectations with business profitability, I found a moderate amount of information online. Subjects like this require some real-life experience in business to really understand how to practically work these issues out. Here’s a brief illustration following by a few practical suggestions I’ve learned through various experiences I’ve had in jobs and businesses.

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Pricing and Customer Base

The reason pricing and customer base are important in business is that without the correct pricing strategy, you won’t have a business or, at least, for long. This is why knowing who you are marketing to is important.

Different Successful Pricing Strategies and Examples

  •  A higher cost that goes with better quality- This strategy can work within the limits of what a particular customer is willing to pay.  A great example of this is the Banana Republic. When the original founders were first starting their business of selling items with a safari theme, they found when they increased the cost of a particular make of shirts sales actually took off.
  • Great quality products sold at a lower cost in order to reach a broader customer base- A great example of this is Martha Stewart and her items when they were sold in the K-Mart stores at a lower cost. Because she appealed to a very broad base of customers, she was able to run a profit by selling high-quality items in what many see as a store that sells discounted products.
  • Lowest cost, convenience, and the “hidden treasure fevor”- A great example of this is Dollar Tree. This is a store where everything is actually a dollar. You can actually find many nicely made items here and you can’t beat the price even online because of shipping costs. 
  • Higher prices and convenience- This is where the term “convenience store” comes from. Sheetz is a great example of this. This convenience store is found off of many major travel routes and has gas pumps, restroom facilities, food to eat, and other products that someone may need immediately if they are traveling.

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Suggestions on Making Your Yearly Physical and Blood Work the Most Beneficial

Recently, I got my annual physical and blood work done and after thinking about the past couple of years, I came up with a few potential helpful suggestions on making your yearly physical and blood work the most beneficial:

  • Make sure you are specific and clear about what blood panels you want looked at. I’ve had some nurses forget which panels I want to be done or not pass on communication to other nurses. Also, if you have a specific cancer history in your family, you may want a specific panel done that is not normally done. Sometimes I need to repeat this every year for nurses to remember.

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Key Principles and Basic Strategies for Difficult Relationships

When discussing key principles and basic strategies for difficult relationships, we need to first ask ourselves the question, “Why are relationships so difficult?” I’ve heard friends ask this question or state the same thought in the form of an opinion, “Relationships shouldn’t be so hard!” Most of the time when people make a statement like this it has to do with romantic relationships. What I’m referring to in this article are relationships in general.

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Specific Foods and Their Health Value and Cautions

Here are a few specific foods and their health values and cautions:

  • Fish- Fish are known to have Omega 3 Fatty acids and other helpful vitamins and minerals. Fish may lower your risk of strokes and heart attacks as well as contribute to brain health. Cautions involve the number of servings eaten in one week. Because of potential mercury content, I usually eat about 2 or, at the most, 3 servings of fish a week.
  • Dark, leafy greens- Included in this category are kale, spinach, and lettuce such as Romaine, for example. They are rich in vitamins A, C, and K.  Major cautions include the need to purchase or raise clean, healthy greens without infectious bacteria and awareness of pesticides used on inorganic greens.

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A Brief Commentary on Wine Drinking Covering the Benefits and Cautions

This is a brief commentary on wine drinking covering benefits and cautions and is a general no reference compilation of facts that can be looked up in many health magazines and other online articles. All of the suggestions I have practiced in my own life.

Personal Thoughts

Personally, I enjoy drinking wine at the end of a long week. I think there are health benefits for many of us if done in moderation. It can be a good way to end a long day when you are planning on retiring to bed in the next couple of hours and are not going to be behind the wheel of a vehicle until the next day.

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