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NECO 2018 Store Keeping Answer Obj and Essay– May/June Expo

NECO 2018 Store Keeping ANSWER

Verified NECO 2018 Store Keeping ANSWER

BOOK KEEPING OBJ
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BOOK KEEPING THEORY

1a)Personal Capital
Ii.Sale of Assets
iii.Sale and Lease Back
iv.Loans and Credit Lines from Banks

v.Hire Purchase

1b)Most of the product companies have dedicated sales staff while in the service industry the service deliverers often do the selling. Coordinating marketing, operations and human resource efforts is a tedious task.

Passion works for the service industry. More the passion, spirit and desire among the service staff more is the revenue generation and success generated every day. There is a direct correlation between staff passion and financial success and similarly lack of passion leads to failure in the service industry. Staffs need to be constantly motivated and efforts have to make to sustain employee commitment.

While testing new services is a constant challenge communicating about these services simultaneously is also not easy.

Setting prices does not come easily for service industry.

Standardization versus personalization is another major issue the service industry has to face.

I)Most of the product companies have dedicated sales staff while in the service industry the service deliverers often do the selling. Coordinating marketing, operations and human resource efforts is a tedious task.

Ii)Passion works for the service industry. More the passion, spirit and desire among the service staff more is the revenue generation and success generated every day. There is a direct correlation between staff passion and financial success and similarly lack of passion leads to failure in the service industry. Staffs need to be constantly motivated and efforts have to make to sustain employee commitment.

iii)While testing new services is a constant challenge communicating about these services simultaneously is also not easy.

iv)Setting prices does not come easily for service industry.

v)Standardization versus personalization is another major issue the service industry has to face.


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