Essay on EST 1 Task 310.2.1-05

Decent Essays

EST 1 Task 310.2.1-05See how we can help Because Company Q is a small, local grocery store in a major metropolitan area it can at times be very over whelming. Big chain stores are putting family owned stores out of business on a constant basis. This reason, along with social responsibility taking hold of companies, brought on by consumers demanding that companies adjust their thinking from a profit-seeking standpoint to being socially and ethically understanding to all consumers in their business ventures. Recently, due to decrease, in sales Company Q had to close two stores in high crime rate areas. Those closures where due to the result of months of losses in profits from those two stores. If those stores, in higher-crime areas were …show more content…

To truly understand the consumer’s needs one must listen to what the consumer wants and desires, it takes very little effort on the part of Company Q to understand the needs of its consumers. The effort we make can be the difference between a store’s success and a store going bankrupt. Insuring that Company Q's stores standout amongst its competitors in the marketplace will help give Company Q a competitive edge. By disposing of out dated products, Company Q, is missing a great opportunity to create a public relations and social opportunity. Because management was concerned with lost revenue through possible fraud and theft they decided to throw away the out dated food, instead of donating to the food bank. Company Q should have been more contributive towards the needs of the community than to the how much revenue would be lost or how they couldn’t trust the employees. Some of the things that Company Q did not take into consideration when disposing of the outdated food was the excess cost of its disposure. True it would be considered a tax break of any product that needed to be disposed of, due to the expiration date. However, the products are disposed of in a dumpster and depending on how the garbage is collected and how the company is charged for the removal of garbage could be an added expense, if paying by weight or volume, for disposing of the outdated consumable goods instead of donating it to the local food bank. Another concern with

Get Access