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Feedback Q&A on Business

by Ron Kurtus

Readers have sent in a total of 109 comments and questions on Business issues. They are listed according to date.

You can read them to further your understanding of the subject.



List of next 10 letters

Topic

Title

Country

General What is the best business strategy? Tunisia
 
General Business Topics How is competiton used in business? Tunisia
 
General Running a small public company Ghana
 
General Business Topics Do you provide certificates? USA
 
Improvement Steps Purchasing link advertising USA
 
Definitions Wants to study Business Somalia
 
General Business Topics I want to study online Sri Lanka
 
General Business Topics Planning an engineering company UK
 
General Business Topics Business innovation with a mobile phone UK
 
General Business Topics Intellectual rights on a mobile phone UK
 

Next 10

 




First 10 letters


What is the best business strategy?

Topic: General

Question

February 16, 2013

Hello,
I want to know information about the countries which are used the predatory competition, and what is the best model competition(performance competition, head to head competition, and predatory competition), which we can use in our business in order to operate business.

thank you,
Yours

Nabila - Tunisia

23205

Answer

In some countries, the government controls business and acts to prevent small businesses from succeeding.

If you are not in such a situation, the best business strategy is to concentrate on satisfying your customers with good products and services. However, you need to be aware of who your competition is and what advantages and disadvantages they have. Ideally, you do not want a head-to-head competition where you are both selling similar products. Neither company will do as well in such a situation.

What you want is to carve out a niche or product that is enough different than others, such that you are then known for a superior product in that area. For example, if you are selling power tools, it is best to be know for a certain type and features. This is better than going head-to-head with a number of products similar to your competition.

In the case of some large company or even criminal group trying to squeeze you out of business, it is a difficult problem that you hope will not happen.

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How is competiton used in business?

Topic: General Business Topics

Question

February 13, 2013

Hello,
I want to understand how companies practice these models of competition as performance competition, head to head competition and predatory competition in order to gain the upper hand and succeed?

Thak you for your time,
Yours Nabila

nabila - Tunisia

23200

Answer

In a performance competition, a company may only have partial information on its competitors. A good example is an online business, where there may be many similar businesses but little is known about them. In such a case, the company must concentrate on doing the best job they can in quality, pricing, and marketing with out worrying about the competition.

Two or three companies selling similar products are in head-to-head competition. The automobile industry is a good example. Information about what the competition is doing is essential in getting the upper hand.

A predatory business competition is when one--usually much larger--company attacks and tries to push the smaller competition out of business.

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Running a small public company

Topic: General

Question

October 27, 2012

Three members of a small public company, thinking that their small shareholding were not worth keeping, sold them to a director, and the transfers were duly registered. Five months letter the secretary realized that the membership of the company has been reduced to five.
A) What has been contravened and what are the possible consequences?
B) Is any relief available?
C) Suggest two ways of avoiding the consequences above.
D) Will the situation be the same if it were a private company? Explain

David - Ghana

23004

Answer

According to the local laws, there must be a certain number of members in a public company. Realizing the mistake, the director would have to sell back (or even give) the shares such that there are a minimum number of members.

If the mistake is promptly corrected, it is unlikely any action would be made against the company.

At the very least, the director of the public company should be well-versed in the laws concerning running his business.

The laws for a private company may be different, and again the leadership must know the laws.

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Do you provide certificates?

Topic: General Business Topics

Question

October 10, 2012

Do you provide certificates after completion of the on-line course? If so, is their a cost associated with it?

crystal - USA

22977

Answer

Our free lessons are meant to supplement other studies you may be doing to try to help in understanding.

There is no completion or certificates.

Best wishes with your business studies.

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Purchasing link advertising

Topic: Improvement Steps

Question

July 24, 2012

Hi,

I have a client who is interested in purchasing a link advertisement on your website, school-for-champions.

Please let me know if you accept link advertising.

Thanks in advance.
Anthony.

Anthony - USA

22795

Answer

Yes. Send me the details.

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Wants to study Business

Topic: Definitions

Question

July 11, 2012

my question is request for you
when l saw these lessons l liked to study bussinis my online or distance learning please l was finishing my high school before years stil l doesn.t began my degree becouse there are my reasons which forced that please let me that thank you

saed - Somalia

22774

Answer

Our lessons on Business, Career and Entrepreneurship can help you in your school or online classes on those subjects.

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I want to study online

Topic: General Business Topics

Question

July 9, 2012

i willing to study on line

rizwan - Sri Lanka

22768

Answer

Feel fee to use our lessons to supplement your other studies. We have no formal program for online instruction.

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Planning an engineering company

Topic: General Business Topics

Question

April 9, 2012

what aspects would an engineering company would consider when planning their business ?

mathew - UK

22573

Answer

Some aspects include:

* Define the service or product you plan to offer.
* Define who your potential customers. Who would be interested in what you have to offer, and what is the demand for it?
* What is the technical background and expertise of the people involved in the company?
* Do you have existing or potential clients ready to hire you now? If not, how much money do you need to get started?

Also see our section on Entrepreneurship.

I hope these ideas help.

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Business innovation with a mobile phone

Topic: General Business Topics

Question

April 1, 2012

Describe how innovation can be used as competitive commercial activity by a mobile phone ?

shan - UK

22549

Answer

Innovation is coming up with a new product or service that would be of value to users or customers.

There are many apps or applications that have been created for mobile phones that help salesmen and business people to get an edge on their competition. Some even think of unexpected ways to use a mobile phone to gain an advantage.

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Intellectual rights on a mobile phone

Topic: General Business Topics

Question

March 29, 2012

describe the intellectual rights might consider when operating in the mobile phone market ?

Thank you

steve - UK

22545

Answer

Some uses of a mobile phone, as well as some associated devices and applications, have been patented.

However, intellectual rights primarily cover material sent over a mobile phone that has copyright restrictions. Apps or applications for the phone may also be considered covered under intellectual rights.

If it is someone else's idea, you need to make sure you have or need permission to use it.

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Summary

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