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Describe the information the business collects

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Introduction

Describe the information the business collects to measure its success Business measure their success to find out how good or bad their business is doing they can do this by highlight areas which need improvement or are doing well for example are they meeting customer needs, being competitive in their market, meeting their objectives and is everything legal. British Airways measure their success because they need to know if their meeting customer needs because if their not less people would use their airline and its one of their objectives to be customer driven, being competitive and making a profit because if they weren't they would lose out to the competition and its also one of their objectives to have a significant presence in as many markets in the world, meeting ...read more.

Middle

Information is used to identify and define marketing opportunities and problems, generate, refine, and evaluate marketing actions, monitor marketing performance, and improve understanding of marketing as a process. To see if their meeting customer needs they can use questionnaires, which is when an interviewer and respondent, speak face-to-face while the interviewer administers the questionnaire this is good for collecting in depth information such as what customers think about the business BA can use this to ask them how they feel about the airline, also BA can use observation to see if they look happy or sad when using the airline this is a simple method for example counting number of people who travel with BA each day or customers behaviour / body language. ...read more.

Conclusion

as this shows how well the business is doing against other business if BA's share price is high BA's shareholders will be happy and BA will be meeting their objective to deliver a strong and constant financial performance but if they have a low share price as they have now their customers will not be happy and their not meeting an objective. BA's share price over the last year below. A financial summary will tell them how much money the have, profit/ loss account will give them a idea if they are being successful by showing if they are making a profit or not, BA can also find out if their successful by the sales they make and they can also use a balance sheet. Top of Form Bottom of Form ...read more.

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