06-16-2022, 02:06 PM
In our case, we would start with the value of the UK office furniture market which AMA Research estimates to be around ?650m and then do a pro-rata on this number using the number of businesses in our delivery area x their number of employees / total number of people employed in the UK. Once again the number of employees would only be a rough proxy given all business don't have the same furniture requirements. When coming up with an estimate yourself it is always a good practice to test both the bottom up and top-down approaches and to compare the results. If the numbers are too far away then you probably missed something or used the wrong proxy. Once you have estimated the market size you need to explain to your reader which segment(s) of the market you view as your target market. The target market is the type of customers you target within the market. For example, if you are selling jewellery you can either be a generalist or decide to focus on the high end or the lower end of the market.|Indian Finance Minister Palaniaffen Chidambaram speaks at the Revival of Rural Cooperative Credit Institutions meeting in New Delhi. Credit unions began as small, European co-ops but are now international institutions. On the surface, credit unions look a lot like banks. They both hold deposits, make loans, issue checks and ATM cards, and offer investment services. But the real difference between banks and credit unions has less to do with the services they offer and more with how each institution is run. Banks are for-profit companies. They make money by charging interest on loans, collecting account fees and reinvesting all that money to earn more profit. But as for-profit companies, they also pay state and federal taxes. Technically, credit unions are owned by their account holders, known as members. As a not-for-profit institution, credit unions pay no state or federal taxes, meaning they can charge lower interest rates than banks for most financial services.
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