Khodella Dwi Noviana Tugas 1 B.inggris Niaga

Name : Khodella Dwi Noviana
NIM : 050186064
Subject : Bahasa Inggris Niaga
Study Program : Accounting
TASK 1 BAHASA INGGRIS NIAGA
Select one of the topics below and write an original essay consisting of three well-structured
paragraphs. Your essay should reflect your understanding and perspective on the topic. Support
your arguments with relevant examples and references, but make sure your response is in your
own words and not a direct copy from any sources.
Banking and Business Loans:

Imagine you are an entrepreneur looking to expand your retail business. You need to secure a
significant loan to finance this new venture. Considering various types of banks and their
offerings, which one would you choose, and why? In your response, consider factors such as
interest rates, customer service, and the range of financial products available. Reflect on how
these factors align with your business needs and long-term goals.
Price Elasticity of Demand:

Price elasticity of demand indicates how sensitive the quantity demanded of a good or service
is to a change in its price. What are the potential risks for a company if it sets its product price
too high? Analyze how such a decision could affect demand, sales, and the overall performance
of the business. Use your understanding of economic principles to explain the potential
consequences and provide real or hypothetical examples.
Demographics and Market Strategy:

Businesses often use demographic analysis to understand the characteristics of their target
market, such as age, income, education level, and family structure. How can companies
leverage demographic data to design effective marketing strategies and enhance customer
engagement? Discuss the importance of tailoring marketing efforts to specific demographic
segments and provide examples to illustrate your points. How can these strategies help a
business succeed in a competitive market?
Answer:
Banking and Business Loans
Securing a business loan is a critical step for any entrepreneur looking to expand operations,
particularly in the competitive retail sector. As I consider my options, I would choose a
community bank over larger financial institutions or online lenders for several compelling
reasons. Community banks typically offer more personalized customer service, which is vital
for understanding my specific business needs and navigating the complexities of loan
applications. Unlike larger banks that may treat clients as mere numbers, community banks
often foster relationships with local entrepreneurs, providing tailored advice and support
throughout the loan process. This personalized approach can make a significant difference in
securing favorable loan terms and ensuring that I have the necessary guidance to manage my
finances effectively.
Interest rates are another crucial factor in my decision-making process. Community banks often
provide competitive rates compared to larger banks, especially for small business loans. They
tend to have lower overhead costs and a vested interest in supporting local businesses, which
can translate into more favorable lending terms. For instance, while larger banks may offer
standardized rates that do not account for individual circumstances, community banks are more
likely to consider my business's unique financial situation, potentially resulting in lower
interest rates and fees. This could significantly impact my long-term financial health, allowing
me to allocate more resources toward growth initiatives rather than debt repayment.
Finally, the range of financial products offered by community banks aligns well with my long-
term goals. These institutions often provide various loan types, including term loans, lines of
credit, and equipment financing, which can cater to different aspects of my business expansion
strategy. Additionally, many community banks offer financial education resources and
workshops that can help me develop sound financial practices as I grow my business. This
holistic approach not only supports immediate financing needs but also contributes to
sustainable growth by equipping me with the knowledge necessary to make informed financial
decisions in the future. In summary, choosing a community bank for my business loan aligns
with my objectives of obtaining personalized service, competitive interest rates, and access to
a diverse range of financial products that can support both immediate and long-term business
success.
Reference Source:
https://docs.lib.purdue.edu/open_access_dissertations/345/
https://pure.manchester.ac.uk/ws/portalfiles/portal/188962756/FULL_TEXT.PDF

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Name : Khodella Dwi Noviana

TASK 1 BAHASA INGGRIS NIAGA

Banking and Business Loans:

Price Elasticity of Demand:

Demographics and Market Strategy:

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