How Supply And Demand Affects Pricing - 1022 Words

Introduction Easy Accounting, LLC is a web-based accounting service business for small companies. Easy Accounting employs CPAs, and the company performs accounting functions by offering different sized packages based on unique company needs. For easier recruiting, the company headquarters are located in Boston, MA., where a large population of quality CPAs live, to recruit for Easy Accounting, LLC. Legal Form of Business Ownership Easy Accounting, LLC is a Limited Liability Corporation (LLC), because this type of business ownership provides the advantages beyond that of a sole proprietorship; members are not held personally liable for the company’s debts or liabilities like a corporation, and at the same time not requiring a†¦show more content†¦In order to gain clients, the executives of Easy Accounting will make at least 3 on-site visits per week to companies in order to increase awareness of the company, and build client relationships. As Easy Accounting’s reputation grows, the company expects their profits to increase. A long term goals would be expanding the staff to cover east and west time zones. This would give 12 hours a day access for their clients. The strengths of the company would be offering 12 hours a day service, with low overhead due to remote workers, at a low cost to clients. A possible weakness is the difficulty of creating â€Å"stickiness† with clients due to minimal face-to-face interactions, other companies outsourcing to other countries for a lower cost, and lack of reputation in the early years of the company. Threats are clients not having trust in secure online services. Another threat is the difficulty of recruiting employees, because established competitors can offer higher pay. Employees will work remote from their home and may not be disciplined enough to work without direct supervision. The largest threat may be keeping the quality employees they do recruit. Finally, start-up companies find it hard to survive due to not have a strong reputation in the industry. Opportunities for the company include inexpensive advertising on the web, very low overhead, and using previous relationships with past clients in past accounting employment. Management Functions To reachShow MoreRelatedApplying Supply and Demand Concepts1027 Words   |  5 PagesApplying Supply and Demand Concepts David Hodge ECO 365 April 29, 2013 Robert Watson Applying Supply and Demand Concepts The supply and demand simulation was a very helpful tool in understanding the effects of external factors on the supply and demand curves. Understanding this concept is fundamental in preparing for real life situations. I personally enjoyed the fact that the simulation was based on a real estate management company. 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