Vietnam has a large and growing economy, attracting more companies from around the world than any other country in Southeast Asia. It’s considered to be one of the easiest countries in which foreign-owned companies can establish themselves as well. Companies must register their association with Vietnam's Ministry of Planning and Investment, but all other steps are straightforward – they will issue all documents required by their state registration and tax authorities, including business licenses and operating permits.
Read more ...Pricing is one of the most important decisions that a retailer can make. A pricing strategy dictates how much money a business will take in, and if it’s done incorrectly, it can lead to lost revenue and unhappy customers. So how do you set retail pricing so that it’s fair for both your business and customers? In this blog post, we will discuss the various aspects of retail pricing and the different strategies you can use to determine the best price for your products. We will also look at some of the key factors to consider when creating a pricing strategy and highlight common mistakes to avoid.
Read more ...Mind mapping is a powerful study technique that every student should be taking advantage of. It helps many across the globe revolutionize the way they make notes and improves the way they prioritize vital information for projects and exams. It can provide an alternative learning method to people in education who find traditional note-taking boring and may struggle to concentrate or process information. Mind mapping can help students to generate a greater number of original creative ideas and get information down onto the page faster. Students will be able to use this popular creative thinking technique to make notes on paper or on the computer, which increases productivity and makes spending time in class more enjoyable. Mind maps are a great way to learn because they include keywords and short phrases instead of large walls of text as well as imagery and colors. They can be used on paper or on a computer, making them very visually stimulating, which allows people to see connections and relationships between things much faster
Read more ...Understanding the consumer buying decision process means that businesses understand the stages customers go through to be able to come to a final decision whether to buy a product or not. This means that businesses should focus on creating products and services that meet the specific needs of each stage of the buying process, as any one stage can affect how likely a customer will remain/return as a customer. Customer Psychology is the study of how people make decisions, the reasons they buy and why they buy what they do. By understanding the psychology behind your customer, you can help your business develop more effective sales strategies and marketing campaigns, as well as build a deeper understanding of their journey within your business.
Read more ...Start by creating an experience with your brand, aligning values and values exchange with your consumer. As you create this bond between you and your consumer, you will develop a bond between them as well. The more that you can do that and the more consistent you are in making sure your consumers are getting what they want from your brand results in brand loyalty, which leads to brand advocacy. Brand advocacy translates into customers trusting your brand and telling others how good it is so when someone else puts out a product or service that is not as good as yours, the person who has been loyal to the brand will say something about it.
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