Essay
Unit 18: Managing A Business Event P6
- Institution
- PEARSON (PEARSON)
P6 produce guidelines for dealing with problems
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Unit 18: Managing a Business EventP6: produce guidelines for dealing with problems
Introduction
This assignment focuses on ways in which various problems
that may occur at our event can be solved. Solutions will be
provided for each hypothetical problem that can occur.
PROBLEMS SOLUTION
1. Out of Stock/Shortage of If stock runs out before the event
Stock is close to finishing, then more
During the event, the items stock can be bought because
which are being sold can there is time to sell more.
eventually run low, probably However, if it running out slowly,
even faster than expected due but still almost finished, then it
to a huge demand, which may might not be ideal to buy more
lead to eventually being out of stock because they might not sell.
stock. Also, if there is a high demand of
products, then the prices can be
increased to gain a higher profit.
2. Competition In order to out run competition
There are other persons who (other stalls or college shops), we
will be present at the Charity may have to identify their sales
Event selling items to the public. strategy. We may need to know
They may sell the same items the prices that they are selling
as our stall which can become their products for in order to come
an issues. Also, if college shops up with a price that will divert the
are also selling the same attention from their stall to ours.
products as well. They may We may also need to ensure that
divert the attention from our we market our stall properly and
stall, causing our sales to that it is striking to the eye. Which
decrease. will cause people to come to our
stall instead of going to their own.
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