Logo

office +44 (0)  752 598 4444
mobile +44 (0) 752 598 4444
email info@sphinxmedia.co.uk

CORNWALL - Value for money

flag

Giving value for money is the simple act of supplying goods and services at a price which customers believe is fair and representative. It sounds simple, but it is one of the most difficult elements in operating an SME (small and medium enterprise). Establishing a price point involves businesses knowing what their costs really are (fixed and variables plus an element to cover repairs, renewals and replacements) and adding to that a reasonable mark up to represent their profit.

market

That sausage is a 'proper job' !

The fact that a product or service offers value for money does not always mean it is competitive relative to other suppliers of similar products and services within the area. So a business owner and/or manager has to examine varying options, with differing prices to see which best matches the wants of their market. Sphinx is seeking to assist businesses perform this exercise and in so doing examine ways in providing value added without incurring extra costs.

There are times when this may spell out people are in the wrong business - it happens, but better discover the truth early on and correct it rather than lose money!

The Sphinx take on: CUSTOMER CARE, ENVIRONMENTAL CONCERNS, LOCAL PRODUCE, MARKETING, STANDARDS, TRAINING.