Question

In: Accounting

Provide any five goals that a company might achieve for acquiring an order entry/sales/cash system.

Provide any five goals that a company might achieve for acquiring an order entry/sales/cash system.

Solutions

Expert Solution

Goal setting is one of the most important activities you can do in your business, regardless of whatever business you are doing , howmuch profit you are earning,where is your place of business, or what you produce, or what service you are providing. Goals help you stay focused on your business from becoming stagnant. Your business goals help you in ongoing success.

1) Reduce Expenses - This is a goal is for every businesses. Business owners always want to reduce the cost of the business. But be specific about how you will reduce business costs .There are so many techniques for proper cost reduction.

2) Hire employees wisely- Employees are the back bone of business. If they do thier work properly .Company will win otherwise company can better close.Follow neccessary regulation. Proper interview while taking employees. Dont take employees simply through recmmendation, take them based on their ability. This will be a challenging goal.

3) Customer satisfaction - Customer satisfaction is very important in a business .Always ask thier feedback. Give your best services to your customer. That will be your biggest advertisement and also investment. Always handle customer complaints more effectively.

4) Make your website perfect - Website should satisfies customer needs. People should not dissappoint with the website. That will be become a benefit only. Give maximum information there only. And also invest in social media advertising(social media marketting). People are using facebook than TV.

5) Prepare Budgets -  Finance health of company- Always pays attention to the financial health of company. Company should make a budget for maintain its financial health. This will always reduce the cost. Planning is important in a modern business.

These are just 5 goals that you can make for your company for a better future.


Related Solutions

In the context diagram for an order entry/sales (OE/S) system that includes the revenue cycle processes...
In the context diagram for an order entry/sales (OE/S) system that includes the revenue cycle processes up through the shipment of goods (but does not include billing the customer), which of the following items is least likely to be an external entity? the general ledger system the purchases/accounts payable/cash disbursements (P/AP/CD) system the carrier the inventory system the billing/accounts receivable/cash receipts (B/AR/CR) system
The basic business activities performed in the revenue cycle are sales order entry, shipping, billing, cash...
The basic business activities performed in the revenue cycle are sales order entry, shipping, billing, cash collections. Please describe these activities.
6. Explain the use of any five books of original entry?
6. Explain the use of any five books of original entry?
In order to achieve your vision and your goals, you will need objectives (outcomes for your marketing team).
In order to achieve your vision and your goals, you will need objectives (outcomes for your marketing team). List three marketing objectives that you want your marketing team to accomplish for your company. Be concise, we do not need an academic paper and discussion, only that the objectives be clearly understand. You do not have to know how you are going to achieve those goals at this point, only that you want them done somehow.You should work as much as...
Provide an example of any company that is using one of the five strategic approaches described...
Provide an example of any company that is using one of the five strategic approaches described other than the examples given. Again you only need to address 1 of the 5. Five most frequently used and dependable strategic approaches to setting a company apart from rivals, building strong customer loyalty, and winning a competitive advantage are: A low-cost provider strategy- achieving a cost-based advantage over rivals. A broad differentiation strategy- seeking to differentiate the company’s product or service from that...
Provide an overview of the objectives and goals of Total Quality Management How might the Total...
Provide an overview of the objectives and goals of Total Quality Management How might the Total Quality Management (TQM) be used in a Supply Chain environment?
Why might a company choose a process costing system over a job order costing system? How...
Why might a company choose a process costing system over a job order costing system? How are the two systems similar, and how are they different?
Pappy’s Potato is contemplating the purchase of a new $495,000 computer-based order entry system. The company...
Pappy’s Potato is contemplating the purchase of a new $495,000 computer-based order entry system. The company plans to use this new system for the next 6 years. However, the system will be depreciated straight-line to zero over the next nine-year life. At the end of the 6th year, the system will be sold for an expected liquidation value of $45,000. You will save $235,000 before taxes per year in order processing costs, and you will be able to reduce working...
Pappy’s Potato is contemplating the purchase of a new $495,000 computer-based order entry system. The company...
Pappy’s Potato is contemplating the purchase of a new $495,000 computer-based order entry system. The company plans to use this new system for the next 6 years. However, the system will be depreciated straight-line to zero over the next nine-year life. At the end of the 6th year, the system will be sold for an expected liquidation value of $45,000. You will save $235,000 before taxes per year in order processing costs, and you will be able to reduce working...
Pappy’s Potato is contemplating the purchase of a new $495,000 computer-based order entry system. The company...
Pappy’s Potato is contemplating the purchase of a new $495,000 computer-based order entry system. The company plans to use this new system for the next 6 years. However, the system will be depreciated straight-line to zero over the next nine-year life. At the end of the 6th year, the system will be sold for an expected liquidation value of $45,000. You will save $235,000 before taxes per year in order processing costs, and you will be able to reduce working...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT