Assessment Preparation Checklist: Perform the following tasks to prepare for this assessment: Read Chapter 3, in the textbook, Contemporary Strategy Analysis, before attempting this assessment. Read the topic "Increasing Sales Revenue" from this week's online lesson.
Title: Understanding Value Added Services During the lifetime of a company, it experiences P and L's (profits and losses) for a variety of reasons. Many companies provide value added products or services as enhancements to increase their sales revenues.
Think of any one fictitious organization from the following sectors and then perform the given tasks: 1. Automotive 2. Healthcare 3. Manufacturing 4. Telecom
Task 1: Give a brief introduction of the company. Mention its name, industry type, kind of products or services it offers to its consumers, etc.
Task 2: Name three types of value added products or services that the company could include to increase its profitability.
Some examples may include: 1. A landlord's lease or rent incentive 2. A software company's add-on products 3. A retail store's buy two and get one free option
Task 3: Create a table that includes the performance of the company for the past one year using: 1. Net cost of item 2. Net income from item 3. Net cost of value added item 4. Total net profit.
Make sure to include product price, actual cost of giveaway (actual or presumed) item, and product or service, in a table that shows profitability measures.
Your instructor will consider the following points for evaluating your performance in this assessment: Did you submit your project on time? Did you create a fictitious organization from the given set of industries? Did you list at least three value added products or services? Did you include product price, actual cost of giveaway item, and product or service in the performance table?