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    Business Logic

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    rendomino24
    The document discusses business logic and its importance in decision making, provides examples of common business models and companies that use them, and identifies some potential pitfalls in business planning and how to avoid them. Business logic offers a methodical way to assess complex situations and make data-driven decisions. Examples of business models discussed include manufacturers, distributors, franchises, ecommerce models, and network marketing. Potential pitfalls in planning include insufficient market research, lack of clear goals and objectives, and ignoring competition.

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    Business Logic

    Uploaded by

    rendomino24
    16 views3 pages
    The document discusses business logic and its importance in decision making, provides examples of common business models and companies that use them, and identifies some potential pitfalls in business planning and how to avoid them. Business logic offers a methodical way to assess complex situations and make data-driven decisions. Examples of business models discussed include manufacturers, distributors, franchises, ecommerce models, and network marketing. Potential pitfalls in planning include insufficient market research, lack of clear goals and objectives, and ignoring competition.

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    The document discusses business logic and its importance in decision making, provides examples of common business models and companies that use them, and identifies some potential pitfalls in business planning and how to avoid them. Business logic offers a methodical way to assess complex situations and make data-driven decisions. Examples of business models discussed include manufacturers, distributors, franchises, ecommerce models, and network marketing. Potential pitfalls in planning include insufficient market research, lack of clear goals and objectives, and ignoring competition.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    16 views3 pages

    Business Logic

    Uploaded by

    rendomino24
    The document discusses business logic and its importance in decision making, provides examples of common business models and companies that use them, and identifies some potential pitfalls in business planning and how to avoid them. Business logic offers a methodical way to assess complex situations and make data-driven decisions. Examples of business models discussed include manufacturers, distributors, franchises, ecommerce models, and network marketing. Potential pitfalls in planning include insufficient market research, lack of clear goals and objectives, and ignoring competition.

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    BUSINESS LOGIC

    1. Define what business is as well as its purpose.


    A business is any company, group, or other body that accepts payment from clients in
    return for products and/or services. A company's goal is to make money for its owners or
    shareholders by developing and providing goods and services that satisfy its consumer
    needs. Additionally, by boosting innovation and technological improvements, generating
    jobs, and supporting economic growth, corporations may also positively impact society.

    2. Give the importance of business logic in the decision-making process? Cite one business
    scenario where business logic can be applied.
    Business logic offers an organized and methodical way to assessing complicated
    circumstances and coming up with the best answers, that’s why it is crucial in decision-
    making. Businesses may use business logic to make data-driven decisions that reduce
    risks, enhance profitability, and support their goals and objectives.

    Marketing strategy is one instance where business logic may be used. Businesses must
    take into account a number of variables when creating a marketing strategy, including the
    target market, competition, budget, and market trends. Businesses may reach the
    customers they want and receive the intended outcomes by using business logic to
    identify the best pricing schemes, marketing channels, and promotional activities.

    3. What are the sole questions that a business model is supposed to answer?
    A carefully planned business model aims to provide answers to a few crucial questions
    that are necessary for starting and maintaining a profitable company. Among these
    inquiries are:

    1. What issue does our company address?


    2. Who are the clients we want to reach?
    3. How can we generate income?
    4. How do we provide our clients with value?
    5. Which special selling points do we have?
    6. How can we attract clients?
    7. In what ways do we keep customers?
    8. What are the expenses we incur in providing our product or service?
    9. How is cash flow managed?
    10. What risks do we face, and how can we reduce them?
    4. Give five (5) examples of business models and a sample corporation or entity that uses
    such type.
    A. Manufacturer: Magnolia Inc.
    B. Distributor: Jeanees Enterprises
    C. Franchise: Jollibee Inc.
    D. Ecommerce: Shopee
    E. Networking Marketing: Personal Collection

    5. This business model is involved in the listing of an offering by the seller and the buyers
    making repeated bids to buy that offering while fully aware of other bids by other buyers.
    Auction-Based

    6. A business that makes finished products from raw materials.


    Manufacturer

    7. It is a business strategy that combines products or services to offer a package gathered as


    a single combined unit to sell at a comparatively low price. It is the form of convenient
    purchasing for several products and services from a single business unit.
    Bundling Business Model

    8. Site some pitfalls in business planning and how can those pitfalls be avoided.
    A. Insufficient market research: Insufficient market research might result in a poor
    comprehension of the target market and a poorly conceived supply of goods or services.
    Businesses should do thorough studies on their target market, including customer tastes
    and behaviors, to avoid this.

    B. Failure to establish clear goals and objectives: It can be challenging to keep focused
    and gauge performance in the absence of defined objectives. Companies should establish
    goals that are precise, quantifiable, and have a deadline for completion.

    C. Ignoring the competition: Ignoring the competitors and their advantages and
    disadvantages might lead to a poor-quality offering of goods or services. Companies
    should be aware of the offerings and costs of their rivals and adjust set themselves apart.

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