Tuesday, June 9, 2020

HOW THE BISCUIT MAKER’S COMPANY MAKING A PROFIT.

HOW THE BISCUIT MAKER’S COMPANY MAKING A PROFIT.

Hello guys. How are you ? I hope you all are safe and please follow the guidelines and instructions given by our doctors and medical staff. Ultimately they are for us.

So today, I am not going talk about law stuff or any case law analysis. From the title some of you might get little bit idea about today’s topic.  Yes I am going to discuss with you   HOW BISCUITS MAKING COMPANIES EARN PROFIT?   Guys read it fully you will surely get worthy information.

So without wasting time  let’s get started.

Ø Lets understand this concept with example. I take BRITANNIA PRODUCT AS A EXAMPLE.

Ø We all know that Britannia industries limited is an Indian food-products corporation. Founded in 1892. And headqartered in Kolkata. And it is one of india’s oldest existing companies.

Ø You must have eaten JIM JAM biscuits ( Britannia product )

Ø Whenever we purchase any product, we always check the price and expiry date etc.

Ø But still company fools us. I will show you how?

Ø Below you see the image of jim jam biscuits ( small one is just for rs10 and the larger one is at 25rs. )

 

 



 

 

 

 

 

 

 

·        Some of you will say what are you trying to say ?  just see the image carefully and compared the net weight.

·        Yeahhh you see that. When we purchase 10rs jim jam biscuits, it’s net weight is 62gram.  And we purchase 25rs jim jam biscuits, it’s net weight is 100gram.

·        10rs = 62grams     20rs = 124grams  and we buy 25rs jim jam biscuits. And we get just 100grams.  You can clearly see the gap.

 

Some of you may think this is not fair. All trades should be conducted in fair manner.

Before you made any decision guys wait . this is not fraud or scam.

But these are the marketing strategies used by companies. All companies use this type of marketing technique in different manner.

 

*    NOW LET ME TELL YOU WHY COMPANIES USE THESE TYPES OF MARKETING STRATGIES.

 

·        First let me tell you that this is not fraud or scam but a business strategy by the companies. This strategy is accepted by the government.

·        Not only Britannia but so many other companies using marketing strategy for business purpose.  And a biscuit packet at the price point of 10rs  is required to compete in the market. BRITANNIA may not find this viable from the profitability point of views. To compensate, they have another price point at 25rs.

 

OTHER POINT OF VIEW :   It is very cleared that this is not fraud or scam. Small packing with lower price are generally targeted for people with low income.

In fact this marketing technique also apply in shampoo sachet. And there is reason behind that, sachet is actually more cost effective. And one most important point that  sachet just requires cheap plastic and you don’t need to worry about attractive and funky look bottles.

 

SOMEHOW THIS TOPIC TOUCHED THE CONCEPT OF PURCHASE POWER. AND IT IS BELIVED THAT SOME PEOPLE HAVE LESS MONEY TO SPEND AND THEY WILL ONLY BUY A CHEAPER PRODUCTS.

 

At the end I would like to tell you that this is not any fraud or scams. Just purely business methods.  I am not saying Britannia is bad company etc.etc.  I am just telling what kind of business strategy they use. In fact we should learn from Britannia company.

BRITANNIA INDUSTRIES LIMITED IS AN INDIAN FOOD PRODUCTS CORPORATION.  IT IS NOW PART OF THE WADIA GROUP HEADED BY NUSIL WADIA.

THE COMPANY SELLS ITS BRITANNIA AND TIGER BRANDS OF BISCUITS, BREADS AND DAIRY PRODUCT THROUGHOUT THE INDIA AND IN MORE THAN 60 COUNTRIES ACROSS THE WORLD.

 

IF YOU LIKE THIS POST PLEASE SHARE IT WITH YOUR FRIENDS AND IN YOUR GROUPS.

THANK YOU SO MUCH.

HAPPY LEARNING.

 

 

 

 


Thursday, June 4, 2020

ECONOMIC AND COMMERCIAL LAWS

HELLO GUYS.


 I HOPE YOU ALL ARE GIVING YOUR GREAT EFFORTS FOR JUNE 2020 ( JULY 2020) EXAMS.


Today I will provide you ECL PART B CASE STUDY ANALYSIS .  I covered all most case laws of part B.  I explained each and every case law in simple and lucid manner.



TO DOWNLOAD   ECL PART B  CASE LAW ANALYSIS  CLICK HERE