Ikea

Yanna Rosario Accounting Principles II April 21, 2011 Every business has its decl ar vision and its own mission, IKEAs vision is To create a better prevalent life for the many tribe (Jennie). Their mission is to offer a wide range of well designed, functional home furnishing products at hurts so misfortunate that as many people as possible will be able to afford them. galore(postnominal) will agree that IKEAS statements sound too good to be true, but while visiting IKEAS stores, you may notice that IKEA lives up to their word. The majority of their products are priced really slump, which makes it affordable for many people to buy. This brings up the question, how does IKEA make profits if their products prices are very low? What IKEA does is that they maintain a good relationship with their suppliers and at that placefore they are able to purchase good quality, economically produced designs that are bought in bulk to keep costs down (Jennie). Aside from maintaining low cost products and great relationships with their suppliers, IKEA man suppurates to stay on top of their game, penetrating what trends are in style and staying up to date with what customers corresponding best. How IKEA came to be is a true story of success, it proves that anything can sustain from scratch and become extremely successful.

At an early age Ingvar Kamprad; the founder and owner of IKEA; became interested in the business world. He started interchange small things here and there(Jennie). Once he holy High School and graduated, his father made him a gift, which he later used to start IKEA(Jennie). Back then, IKEA was not what it is today. It started selling wallets, jewelry, watches, pens and other items that Kamprad could buy at a low price and resell for a profit. Furniture was added to the product line in 1948(Jennie). While shopping at IKEA, I noticed that they involve separated their store in different sections. First there is a gallery room, where each customer can revel and see how stylish IKEAS products are. Next, customers are... If you want to get a bountiful essay, order it on our website: Orderessay

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