13. Analyse two ways a bakery could increase added value. [8]

[Sir Afzal Shad]

Q13. Analyse two ways a bakery could increase added value. [8]

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Possible Structure:
[KN]
[AN]
[AN+]
[AN+]

[KN]
[AN]
[AN+]
[AN+]

[zeemal rashid]

[KN] increasing the price of the bakery items
[AN] the increased price of the food items such as cakes and bread would increase the difference between the cost of bought in materials and selling price
[AN+] thus increasing the profit per sale of the bakery
[AN+] hence, not only increasing the revenue but also increasing the profit margin of the bakery

[KN] buying cheaper food items
[AN] the bakery could buy the food items at cheaper prices by getting discounts by buying in bulk
[AN+] it would decrease the cost of bought in materials for the bakery
[AN+] hence, without changing the prices of the bakery items the added value would be increased hence increasing the profits for the bakery

[Minahil hamid]

Added value means adding extra worth to a product or service . Therefore adding new innovation to products such as giving customers quality assurance will attract the customers and thus will led to generate more revenue.more over providing customers home service by offering online website will led to strong presence online and offline effective marketting helps reach a wider customer base and can justify wider premium prices.branding and add value by knowing well for their signature product like signature brownies will increse market price .
Adding a fancy packaging will attract a customer and can help to increase the price of a product .therefore creating seasonal themes like celebrating pakistan day cupcakes will develope the interest of customers and will increase sales.therefore by making such stratergies will not only led bakery to charge higher prices but will be known nationwide

[usaid ashraf]

[KN]Bakery can introduce or improve the packaging of their products.
[AN]This will attract more customers.
[AN]leading to increase in sales and profit.
[AN+]

[KN] Buisness can use cheaper raw materials.
[AN] They can buy on bulk from their supplier
[AN+] this will give them discounts as relation with supplier will improve.
[AN+] Thus reducing the cost of production.

[Muhammad_Faizan]

KN: by product innovations such as example seasonal specials
AN: Such as a business can offer halloween themed cakes on halloween nights they will also be able to charge a higher price as there may be demand
AN+: This will help business gain more customers and increase brand loyalty
AN+: Hence also increase their market share as they will be identified as a unique business and hence demanded for more
KN: They could provide better customer services such as by personalization with the customers
AN: As they will get more frank and have better relations with the customer they will be able to identify their personal opinions that can be used to improve their products
AN+: this will also help improve products and bring demanded changes to the business according to the customers wants
AN+: Hence also improving the brand loyalty and market share of the business.

[Haniya Abrar]

KN: A bakery could increase added value by adding new items in their menu from different cuisines (product development)
AN: Newer customer base will be attracted to their products
AN+: Increase in consumers will generate more revenue
AN+: the bakery can reinvest that revenue to expand their business
KN: Another way to add value is through offering customisation
AN: this will gave the bakery a competitive advantage over others
AN+: Larger consumer base will be attracted due to customisation
AN+: bakery can charge additional price for customisation increasing profits

[Shanze Arsalan]

KN: They should take opinionns from customers onto what they EXACTLY want..
AN: In this way consumer loyalty will be earned and they will make regualr purchases from the bakery
AN+: Because of which business objectives such as profit maximization are achieved
AN+: Now the can focus on other aims such as business growth which will give them a competitive edge over the other bakeries

KN: Allowing the bakers to bring in their creative ideas into the business
AN: I this way more wariety of products will be offered
AN+: Now consumers will easily be able to find the baked stuff of their choice and develop favourites
AN+: In this way consumer loyalty will be earned and the bakery will have a larger customer base compared to others

I have nearly no idea on what i wrote sir

[Syed huzaifa shah]

(Kn) Business could increase the quality of their dairy products.
(An) Bakery could use high technology machineries in production and quality raw material to produce sustained quality products.
(An+) this would attracts new customers towards business for good taste hence, allows business to counter larger customer base.
(An+) in short-run business may experience high cost in production line but in long-run customer loyalty would generate and cost would be covered in future.
(Kn) high standardized packaging of products.
(An) business could use premium boxes of their company with high quality wrapping in mutli colours which gives a premium look.
(An+) new consumers would be attracted to enjoy the premium service hence, would increases business revenues.
(An+) improves brand image of business in open market and increases business representation

[Hamnah Naz]

[KN] A bakery may increase added value through branding. [An] This means that the bakery may distinguish itself from competitors in various ways such as changing it's products designs and outlook. [AN+] This may be done through advertising of bakery items in such a way that it creates an easily recognizable name and brand identity. [AN+] Moreover, It may also add value by decorating the bakery and making the packaging of items being sold more appealing and attractive to customers.
[KN] A bakery may also increase added value by increasing selling prices. [AN] As the higher price may increase the difference between costs of ingredients and final item being sold, it may mean that the added value has been increased. [AN+] This may benefit the bakery as it is able to earn higher profits if sales rise due to customers having an impression of the bakery goods being of better quality than competitors due to a slightly higher price. [AN+] Moreover, loyal customers may continue to buy the items regardless of a difference in price and may also help to increase customer base through positive reviews, making more customers aware of the bakery.

[Aleezay Naseem]

Kn: a bakery business can increase added value by using premium , organic and fresh ingredients
An:using organic ingredients eventually improves the quality of your products
An+ customers would get high quality goods which increases customer quality
An+ along with that the brand image of bakery is also improved leading to increased sales

Kn: business can also increase added value by improving the presentation of the goods
An: improving they way the food is presented appropriately causing attraction for the bakery's products
An+ presenting the goods in appropriate containers maintains the freshness
An+ creating a cohesive and appetizing final product attract customers and increases sales and brand loyalty

[Hamna Zia]

[KN]The bakery can offer customized and seasonal baked goods.
[AN]Bakery can offer themed cakes and cookies for birthdays or seasonal goods like on famous festivals etc.
[AN+]This can result in an increased consumer base and customer loyalty.
[AN+]Bakery can also charge extra on customized products thus, increasing the profit.

[KN]A bakery can also increase the added value through packaging.
[AN]This way a bakery can also distinguish between its competitors in many different ways such as introducing brand-new and innovative packaging or giving their products unique names.
[AN+]This can also be done by advertising the products in such a way that it is also eye-catching and entertaining.
[AN+]Resulting in a better brand image.