Nuffnang

Thursday, March 19, 2009

Definition of Cheap

cheap

cheap (c̸hēp)

adjective

- low in price or cost; not expensive
- charging low prices a chain of cheap stores
- spending or able to spend little a cheaper clientele
- worth more than the price
- costing little labour or trouble; easily gotten a cheap victory
- of little value or poor quality; virtually worthless
- deserving of scorn; contemptible made cheap by their own behaviour
- Informal stingy; niggardly
- Econ. lowered in exchange value or buying power; also, available at low interest rates: said of money

Etymology: < good cheap, favourable bargain < ME god chep (used as transl. of OFr à bon marché) < OE ceap, a purchase, bargain, akin to Ger kaufen, to buy; ult. < L caupo, petty tradesman

adverb

at a low cost; cheaply

noun

- a market: now only in place names Cheapside
- Obsolete a bargain

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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Definition of Value for Money

Extract from http://www.qualityresearchinternational.com/glossary/valueformoney.htm

Value for money

core definition

Value for money is one definition of quality that judges the quality of provision, processes or outcomes against the monetary cost of making the provision, undertaking the process or achieving the outcomes.

explanatory context

Value for money tends to be equated with value for money expended, although it could take into account ‘real’ cost including hidden costs and opportunity costs.,

analytical review

Erlendsson (2002) states:

Value for money (VFM) is a term used to assess whether or not an
organisation has obtained the maximum benefit from the goods and
services it both acquires and provides, within the resources available to it.

He goes on to add:

Some elements may be subjective, difficult to measure, intangible and misunderstood. Judgement is therefore required when considering whether VFM has been satisfactorily achieved or not. It not only measures the cost of goods and services, but also takes account of:
- the mix of quality, cost, resource use,
- fitness for purpose,
- timeliness, and
- convenience to judge whether or not, together, they constitute good value.

sources

Campbell, C. & Rozsnyai, C., 2002, Quality Assurance and the Development of Course Programmes. Papers on Higher Education Regional University Network on Governance and Management of Higher Education in South East Europe Bucharest, UNESCO.

Erlendsson, J., 2002, Value For Money Studies in Higher Education http://www.hi.is/~joner/eaps/wh_vfmhe.htm 04 January 2002


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Sunday, March 15, 2009

Student Special Privilege Card

With the current curbing of spending by majority of people. The most affected are students, as some parents are cutting back the allowance given to them. Thus, majority of  the students are opting for cheaper food or spend less for food.

Most of them could not afford to buy or spend a lot on the Real Nutritious Food. Instead, will go for ready made or instant noodle.

We at Rainbow have decided to provide Good Real Nutritious Food without Compromised on Low and Cheap Quality Food, especially to students.

After much thought & planning for the past months, we have come up with a very reasonable priced STUDENTS SET MEAL.

On the other hand, in order to maintain the current customer base and the present quality food to all our existing customers, we have started to launch our STUDENT SPECIAL PRIVILGE CARD, for all students join.

All students are encouraged to join the Special Privilege Card for healthy and quality food at a very reasonable priced. & also entitled to the purchase of students meal and 10% discount on all our ala carte menu. Except alcoholic drinks and promotional items.

The membership form, can be obtained from RAINBOW during business hours or through request by email (flouworld@gmail.com).

A membership card will be issued upon completion of membership registration.

- The students meals will be priced from RM 4.50 to RM 6.90. everyday. Students will be given a choice of 3 different meal sets or sets of the day.

- A limited numbers of sets will be available for each day.

- students are advised to make reservation one day in advance by email (flouworld@gmail.com) or sms (019-4412979). this is to ensure the freshness of the food and to avoid disappointment.

Below is an example of the #set meal to be serve.

 

Example # 1:

Soup of the day

Black Pepper chicken

Soft Drink of the day

 

Example # 2:

Soup of the day

Sweet Chillies Fish

Soft Drink of the day

 

Example # 3:

Soup of the day

Fried Rice

Soft Drink of the day

 

Example # 4:

Soup of the day

Burger

Soft Drink of the day

Wednesday, March 11, 2009

Valentine day celebration pictures

It has been almost 3 weeks, since the valentine day celebration.

Finally, we managed to gather a few pictures taken by our customers and they were emailed to us.

On that lovely evening, couples coming in at different time. Starting from 6.45 pm until 10.30 pm.

Although the place was not jammed up at any particular time, it was well  spaced out, and everybody could enjoy the romantic candle light evening, at their own pace.

All the tables were occupied.  The food and beverage were served one after another. In a smooth pace, so that every couple can really enjoy the food and at the same time, each other company.

Each couple, start off the evening with our special sparkling concoction, followed by Little Caesar, Andalouse Fish, Tangerine Citrus Chicken and end with our Lemony Chocolate.

Before the dinner ended, the lady was presented with a rose and a surprise cute teddy in a bag, peeping out.

 

Sparkling

Little Ceasar    

Andalouse Fish

Lemony Choc

 

The last couple and also the youngest couple which came in for their romantic candle light dinner.Young couple

 

The surprise for the lady……..

Surprise Gift

The romantic evening, ends with love and happiness. Although we were totally worn out, but very happy and full of energy,  looking at each loving and happy couple leaving Rainbow with smiling faces.

We look forward to having such a happy occasion in our place.