Question
What are the common activities relating to vendor management?
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Answer
The common activities relating to vendor management are as follows:
- Researching about vendors.
- Obtaining quotes.
- Negotiating contracts.
- Evaluating performance.
- Creating and updating vendor files.
- Ensuring that payments are made properly and promptly.
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Kroc was a 52 years old salesman of multimixers, the mixers the McDonald brothers used to make their shakes. When Kroc received an order for eight multimixers-enough to make forty milkshakes at once from these brothers, he flew out to see the business for himself.
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When Kroc flew in and formed a partnership with them and took care of franchising their business, they signed on the dotted line. Kroc's marketing strategy aided around:
→Have 178 Sesame seeds and 19% fat in every McDonald Burger world across
Ray Kroc, the President of McDonald's, did not invent or even improve the hamburger. He invented a new way of marketing hamburgers.
The Original McDonald's restaurant was a small hamburger stand in San Bernardino, California. Two brothers, Maurice and Richard McDonald, ran the stand.
Kroc was a 52 years old salesman of multimixers, the mixers the McDonald brothers used to make their shakes. When Kroc received an order for eight multimixers-enough to make forty milkshakes at once from these brothers, he flew out to see the business for himself.
With sales of over $350000 a year, McDonald's was one of the most successful little restaurants in America, which had the potential to expand among the country. BUT BOTH BROTHERS HATED TO FLY.
When Kroc flew in and formed a partnership with them and took care of franchising their business, they signed on the dotted line. Kroc's marketing strategy aided around:
- Rigidly following McDonald brothers' original recipes even after buying them out.
- Rigidly ensuring that every customer from Anchorage to Miami get an identical product.
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- Kroc's marketing strategy aided around which principles?
- McDonald's lays its focus on which 'P' of the marketing mix?
In late sixties, when there was a boom in agriculture, poultry farming, milk production and fishing, a minister started poultry farming in his constituency. Where similar projects were thriving in neighbouring areas, it was a complete disaster in minister's constituency because the constituents were predominantly vegetarian.
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|
Week
|
Number of Customers
|
Total amount billed (in ₹)
|
Average amount billed ( in ₹)
|
|
1
|
120
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150
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2
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60
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5
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