Question

What is the business significance of your daily sales having a greater dispersion? (think staffing, hours of operation, advertising, production)

Answer 1

The business significance of your daily sales having a greater dispersion

Staffing or think staffing:

Staffing is very important function of management after planning and organising. This is related to the concept of the Human resource management (H.R.M).

The inputs are processed into outputs with help of quality human resources. The objectives of the organisations are achieved by such activity.

Hours of operation:

The term "business hours" refers to the "open" and "closed" schedule that a business determines for its operations.

Small and large businesses add here to a wide range of business hours depending on such factors as customer expectations, technology, and seasonal fluctuations in business.

Hours of operation = total number of hours * working days in a week   

eg:

if number of hours = 8

working days in a week = 5

i.e., 8*5 = 40

Advertising:

it is the attempt to influence the buying behavior of customers or clients with a persuasive selling message about products and/or services. In business, the goal of advertising is to attract new customers by defining the target market and reaching out to them with an effective ad campaign.

Advertising can be achieved using various media like television, newspapers, radio, banners, pamphlets, websites etc.

Production:

It is an Any activity connected with money earning and money-spending is called an economic activity. Production is an important economic activity. It results in the output (creation) of an enormous variety of economic goods and services.

Importance of production:

Productivity is a measure of the efficiency of production. High productivity can lead to greater profits for businesses and greater income for individuals. ... For businesses, productivity growth is important because providing more goods and services to consumers translates to higher profits.

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