A quantitative decision matrix for increasing value for both buyers and sellers: PRACTITIONER AND VENDOR FEEDBACK

A quantitative decision matrix for increasing value for both buyers and sellers: PRACTITIONER AND VENDOR FEEDBACK

At the end of the process, feedback was solicited about the selection matrix and the process from the team members within the organisation and from the research vendors (both the successful and the unsuccessful vendors).

The feedback from the team members indicated that although the team was uncomfortable initially with their own understanding of how to choose a research vendor, the matrix approach created a dynamic team development opportunity. There was an increased feeling of self- confidence in understanding the concepts of research and segmentation, as everyone on the project team was involved in the determination and definition of the selection criteria within the matrix. Furthermore, with the quality of participation in the team and the interaction with the research vendors, there was also a clear perception of equality in decision making.

From the research vendors feedback was received that the matrix process was fair and objective. This was due primarily to their involvement in the process of refining the criteria definitions, as well as to the fact that they received the criteria prior to submitting their response to the request for proposal. It was also indicated that the objectivity of the process created increased credibility for the organisation, showed commitment to the research investment and added to the overall integrity of those involved in the experience.

 

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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