NOT HORSEY but no where else to ask :S - business studies coursework!!

[bigboyrocky]

Please help me clever people...! have asked loads of people, fam and friends what it means but no one qutie knows in this context :/

Q " discuss the limits to ever-greater added value, in a business such as this snack wagon"

... dont understand the 'ever greater added value' part :S

Sorry its so random just run out of people to ask! thankyou peopleee

 

[Chico Mio]

I would try posting this in Soapbox as well - there are people in there who don't come in NL2 who maybe able to help you

 

[bigboyrocky]

LOL thanks

sorry for the random post everybody

 

[PoppyAnderson]

I'm not getting involved

 

[HollyB66]

Okay, this is a total 'random guess' as to what it might mean....

They are not asking you to just discuss the 'added value', but 'ever-greater' 'added value'. So, 'added value' would be maybe buying burgers and buns - cooking/preparing into a cooked burger = added value. 'Ever-greater' might therefore be - what other things you could do to increase the added value even more, eg onions, cheese .... trying to increase your profit 'even more' ??????? Or perhaps reducing your outgoings in order to increase your profit eg lower fuel costs, raw material costs ?????????

Okay, I admit it - haven't really got a clue

But I had a 'bash'.

 

[bigboyrocky]

that what i was thinking Holly so im just gonna go with that

haha thankyou

 

[LauraWinter]

I have never done business studies so you might not want to take my answer but I would read it as added value meaning, for the customer, that they get their food delivered and so presumably pay a slight premium for that 'added value' - ie the service is more valuable to them than just the sandwich they buy as it saves them from going to tesco. The limits to this- could mean the limits to the company or to the customer? To the company, they can only travel x far before it costs them more than they make in profit, or it could mean the limits to the added value they get from the business- which might be that they have lower overheads for example, in which case the limits are that they can only produce x number of sandwiches due to space? If the added value refers to the customer, then the limits to the added value being ever greater might be that they have less choice of sandwich/snack...?

Sorry but I actually think the question is really badly worded if that's all it says...is this A Level??

 

[ForeverBroke_]

Have you tried "The Student Room," forum??

Thats pretty good

 

[Petalpoos]

Maybe the key is in the 'discuss the limits', e.g. one limit of a snack wagon would be that you could only have so many staff in it at one time and can only serve so many people in a given time, so it would not be of any use to try and increase value by selling 1,000 burgers in an afternoon if you can only make/sell an average of 60 per hour.

Another limitation would be the cooking facilities, you could not turn the snack wagon into a Michelin starred restaurant as you would not have the required ovens and other equipment, so it would not be any good trying to add value by trying to make high value, complicated food.

Etc, etc...

Hope this helps!

 

[LauraWinter]

Just to add having read pp's post- I took added value to mean for the customer mostly. It could possibly mean added value to teh business owner, which implies added as a snack wagon as opposed to a fixed premises, but be careful because added value has a specific meaning which is not the same as added profit, or added turnover.

 

[bigboyrocky]

thanks guys,,, very helpful

 

[lizzib]

"Ever -greater added value" is not a business term I have ever come across in my BA (Hons) Business Studies Degree (got a first in that one ), my Chartered Accountant qualification or the 10 years that I have auditing companies. So the question is REALLY badly worded and I don`t blame you for getting confused.

I think the answer lies in many of the suggestions above ie at what point does providing increasing added value become too much ie beyond customer expectations, no longer become cost effective etc etc. To take on the point that petalpoos was making while bother providing fancy lattes in multiple flavours when all the roadside customer wants is a hot coffee to keep them awake on the road........

Dunno if that helps at all?

(Sorry didn`t really want to list out all my qualifications above... just wanted to reassure you that it was a really dumb question!)
HTH

Liz

 

[tashpritty]

I'm studying business at degree level and have never heard of that :s

sorry

 

[bigboyrocky]

thanks, that reassures me

we havent been taught it either :/ so either typo, or writte by some idiot

hopefully no one else will have understood it and we can all blame teacher

 

[Mike007]

As a truck driver,I dont want to stop at this snack waggon because it sounds like they want to sell me the cheapest burger at the highest price and as a driver I can stop somewhere else.

Added value is only value if the customer wants it and is prepared to pay for it.

 

[Mike007]

Ok , on a more serious note .Added value. Contrast your snakmobile with Macdonalds.Ultimately the same product but Macky D ,s have managed by clever (and lucky) marketing ,to grow to a size where they can take full advantage of their size and purchasing power. They take meat, from slaughterhouse to burger. This is added value. At each stage in the process they make a profit.Meat processing ,transport , etc etc. Your burger van has a limit on howmuch added value it can realisticly expect. Are they going into the cattleranching business ,then producing their own burgers? If I were doing your homework

I would do some research on the history and operation of Macdonalds ,which is the ulimately "verticly integrated" snack bar.Hope this helps(but I still wont buy your cheap burgers)