While external customers place orders for a good or service and ultimately pay for it, internal customers do not. External customers are also external to the organization supplying the good or service, but most internal customers are not.Know More
The external customer is the ultimate consumer of the company's goods or services, but the internal customer only facilitates the delivery to the external customer. The internal customer can be a coworker within the company, such as a worker in a different department. An internal customer can be part of an external organization that is intimately linked in with the company by providing services such as delivery of the goods to the external customer.
Ultimately, an external customer has the option of taking his needs to another company if he is unsatisfied with the present one, but an internal customer is likely to have a binding contract to the company.Learn more about Business Resources
There is no one-size-fits-all name for a beauty salon that ensures success, however, a great name helps to drive business to a beauty salon. The name of a business is the first opportunity a business owner has to make a great first impression.Full Answer >
Operating profit only covers the gross profit, minus direct operating expenses for the company while net profit includes all gains and losses by the company, including tax payments. Operating profits do not cover taxes paid, company assets sold or expenses not related to the company's operating costs. Net profit is the amount of money that the company has added or lost from its overall assets.Full Answer >
A good name for a massage business is one that is unique, looks good on different types of media and appeals to the target market for the business. Also consider the different ways the business name and logo could be perceived.Full Answer >
Average propensity to consume, or APC, is the ratio of total consumption to total disposable income, whereas marginal propensity to consume, or MPC, is the ratio of change in consumption to the change in disposable income. The economist J.M Keynes developed the two concepts of APC and MPC in business economics.Full Answer >