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How To Account For Peace Of Mind

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Nick Palmer
Nick Palmer

An explanation into the cost of peace of mind when buying safety services. How can something intangible, like peace of mind, be traced in financial accounts

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The “premium” price of having “peace of mind”
How can we identify an abstract concept like “peace of mind” in financial accounts? ,[object Object],[object Object],[object Object],[object Object]
Leeds Services Company Ltd ,[object Object],[object Object],[object Object],[object Object]
What does provision of peace of mind “cost” the supplier? ,[object Object],[object Object],[object Object]
What do safety costs look like in the Profit and Loss account of a supplier? ,[object Object],[object Object]
The “extra” costs that an electrical contractor might incur in order to ensure peace of mind include : ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How different is the Profit & Loss account of a “cheaper” supplier? ,[object Object],[object Object],[object Object],[object Object],[object Object]
What does this mean for the customer? ,[object Object],[object Object],[object Object]
Customer’s buying decision (seen from a Profit and Loss point of view) ,[object Object],[object Object],[object Object],[object Object]
The Customer’s buying decision. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object]

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How To Account For Peace Of Mind