Business Plan For Big Box Stores - 1255 Words

Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. Buying in small volume so the prices of merchandise are a little higher. Without support from the community a small business cannot survive. Trying to make ends meet a small business must make money to purchase the inventory to make the business succeed. Big Box stores have many investors and bigger stores. Box Stores buy in high volume making the prices lower. Health Care for a small business can be a hassle on some small businesses trying to find ways to cut cost. Most small businesses are not as likely to offer health care Big Box stores have more employees and are offered better rates for group plans. Having health care is very important†¦show more content†¦Customers need to realize that a small business only has the funds that are available at that time no one helps them out. Big box stores have stores that are at least fifty thousand square feet or larger and can by more inventory because of more space. Big Box stores have a lot of investors making more money available. Margin in a business are a ratio of profitability calculated as net income divided by sales. It measures how much out of every dollar of sales a company actually keeps in earnings. Having a higher profit margin indicates a more profitable business that has a better control over cost compared to its competitors. Pricing is the amount of money or goods, asked for or given exchange for something else. A business can use a variety of pricing strategies. The price can be set to maximize profitability Businesses may benefit from lowering or raising prices. Pricing depends on the needs and behavior of customers. Business need to find what pricing will make them successful business. Big Box stores are not a form of economic development. Many Big Box employees do not earn enough money to meet basic living expenses. Big Box Stores have a large number of employees. Big Box stores are forced to downsize or close. Small Business store do not have many employees a small business can only cut costs through payroll. Having loyal employees is what a small business looks for. Customer satisfaction with retailers