Papers on "Kiddie Kollege" and similar term paper topics
Paper #060898 ::
Kiddie Kollege
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This paper discusses Kiddie Kollege, a childcare facility, especially the product pricing components.
Written in 2005; 785 words; 3 sources; APA;
$ 27.95
Paper Summary:
This paper states that the goal of Kiddie Kollege is to provide "high" quality, safe, educational care in a warm home-like and professional environment for children, ages 0-9 years, which meets and exceeds expectations and is easily accessible and affordable to parents. The author points out that childcare will always be a need; by its nature, it is a "repeat purchase" and dissatisfaction will lead to changing the supplier, which places pressure on the business to perform in order to gain and retain its customer base. The paper explains that, for a business of this type, costs can change, which means price elastic; price variation will depend solely upon the enrollment of children and, as enrollment increases, the prices and costs will decrease.
From the Paper:
"When operating a childcare facility without government assistance, one potential issue is that the business must rely solely on funds from parents/guardians in order to be profitable. This can be a challenge because issues with timely and accurate payments from parents/guardians may arise due to unemployment, health issues, emergencies etc. There is no way to avoid this loss because childcare services are often rendered prior to payment even if it's only for one day of service. The business could be sued for accidents with children."
Tags:
affordable payment repeat satisfaction elasticity
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