LAMBELL CORPORATE SERVICES

    According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. Obviously, price has a direct relationship with demand of products and services. One of the key factors buyers consider in their buying decision is the price. There is a link between the price of a product and its value. Buyers expect products sold at a premium to be of high quality and vice versa. The price determines the profit margin a business earns. So, it is very important for businesses to set the right prices for their products and services. Business owners must figure out the price that would attract customers and bring decent margin at the same time. The business is at risk of losing customers if the price is too high, however, a low price could erode the business’ profit margins. The goal is to find the right price point that maximizes sales and profit. There are several pricing strategies depending on what the busi...

  According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. Obviously, price has a direct relationship with demand of products and services. One of the key factors buyers consider in their buying decision is the price. There is a link between the price of a product and its value. Buyers expect products sold at a premium to be of high quality and vice versa. The price determines the profit margin a business earns. So, it is very important for businesses to set the right prices for their products and services. Business owners must figure out the price that would attract customers and bring decent margin at the same time. The business is at risk of losing customers if the price is too high, however, a low price could erode the business’ profit margins. The goal is to find the right price point that maximizes sales and profit. There are several pricing strategies depending on what the business se...

  Manufacturers, wholesalers and retailers can testify that inventory is the backbone of their business. Even service companies keep inventory of items they use in delivering their services. In simple terms, inventory refers to store of goods for use or for other purpose. Some companies practice Just-In-Time inventory management. This is a method where goods are received from suppliers only when there is an order. The reason is to reduce the cost of keeping inventory.   Poor inventory management can lead to several problems. It can disrupt business operations and lead to customer dissatisfaction. For example, a company cannot produce when there is shortage of raw materials. Items of inventory can be stolen if management do not pay close attention to inventory levels. Inventory can be damaged if they are not handled properly.   Why keep Inventory   To meet customer demand   This is especially important for retail business. For retailers to stay in b...

  The first figure people look out for on their pay slip is their net salary, also known as take home pay. The net salary is of much interest because that is the amount that will hit the person’s account. Besides this, most people pay little or no attention to the other details of the pay slip, let alone how the net salary was arrived at. If you happen to be one of them, don’t worry; this article is for you. “Why should I care about the other details?” One will ask. First, the worker needs to confirm whether the payroll calculation is done correctly. Imagine receiving wrong salaries for years because there was a mistake in the calculation. Of course, if the mistake results in receiving higher salary for years, I guess it will call for celebration. What about receiving lower salaries for years because of wrong calculation? I can imagine the pains and the anger. Secondly, the employee needs to confirm whether the employer is paying the correct Social Security Contribution on their ...