Business studies P2 discussion

[yudish9]

How was the paper and what figure did you obtain in the ...margin question???

 

[Shahnam]

net profit margin was 8%
i dont remember the gross profit one. But surely even that was lower then the other one given.

How about yours?

 

[KarachiRocker]

Gross Profit Margin was 64% !

 

[yudish9]

ya G.P.M 64 n N.P.M 8...8pts for sure in the pocket!!!

 

[KarachiRocker]

And what did you guys to increase the sales ? I mean the promotional methods? We had to write 4.

 

[Shahnam]

that was the toughest question i had, i wrote
1. persuasive advertisement
2. public relationing
3. promotional addvertisment
4. dont remember

 

[Shahnam]

by the way, which candidate did you people choose?
I think the one in second column was much more a better option for The Riverside Restaurant.

 

[KarachiRocker]

@ Shahnam what 1 and 3 are correct but what do you mean by PROMOTIONAL ADVERTISEMENT ? Never heard of it before dude. There are two types of advertisements, INFORMATIVE AND PERSUASIVE.

I wrote
-Advertisements
-Free gifts
-Clowns at birthday parties ( surprisingly many also wrote this answer )
-Promotional Prices

And Yes. The guy named Mr.Nish was the better option

-He had more experience in restaurant business,
-Has democratic leadership- so better employee motivation
-Has worked in many restaurants, so bringing in new ideas.

 

[Shahnam]

sorry. my bad.
typing mistake it was supposed to be "informative"
hahah.. clown! chalo all the best.
i got econ in few hours now.

 

[KarachiRocker]

Hahaha..
btw, Best of luck to you too !

 

[yudish9]

by the way, which candidate did you people choose?
I think the one in second column was much more a better option for The Riverside Restaurant.

The second one was the best but you had to write about BOTH!!!

 

[Shahnam]

it asked for justification of choice. So I was comparing both but proving why Mr. Nish was better than Mr. Miler.

 

[KarachiRocker]

It is obvious that you would compare both.

Do you remember any other questions guys ?
Lets discuss them !!