Re: Question 27.
hard question! I forgot to mention consumer types... damn I could hit my head against a brick wall for that one completely slipping my mind..
For the financial planning cycle, I went through them all but basically I wrote that Qantas had higher spending customers who brought in more revenue and that had more demands on spending, thats how they influenced budgets. Like they bring in a lot of revenue for their flights (put in statistics and that) but they also demand things like technology, luxury (i wrote they spent $300mil on technology). That was the jist of my essay - I included more things here and there - like more finance because of high earning customers leads to more risk, but also more demand for risk and entrepreneurial activity.
Then I wrote than in comparison to Jet Star's customers - they're a cheaper airline so they bring in less revenue (esp. cause they use loss leaders) but they spend less in technology; updates and that.
But since I didn't mention customer types - looks like I did that all wrong. Maybe they can understand that by mentioning 'Business people' I meant Businesses/firms? That's the only hope I have...If they sort of catch my drift. Because I did answer them I just didn't specifically mention the customer types.
hard question! I forgot to mention consumer types... damn I could hit my head against a brick wall for that one completely slipping my mind..
For the financial planning cycle, I went through them all but basically I wrote that Qantas had higher spending customers who brought in more revenue and that had more demands on spending, thats how they influenced budgets. Like they bring in a lot of revenue for their flights (put in statistics and that) but they also demand things like technology, luxury (i wrote they spent $300mil on technology). That was the jist of my essay - I included more things here and there - like more finance because of high earning customers leads to more risk, but also more demand for risk and entrepreneurial activity.
Then I wrote than in comparison to Jet Star's customers - they're a cheaper airline so they bring in less revenue (esp. cause they use loss leaders) but they spend less in technology; updates and that.
But since I didn't mention customer types - looks like I did that all wrong. Maybe they can understand that by mentioning 'Business people' I meant Businesses/firms? That's the only hope I have...If they sort of catch my drift. Because I did answer them I just didn't specifically mention the customer types.