Preview

Cole's Leading Retail Group Coles Myer Ltd.

Satisfactory Essays
Open Document
Open Document
3600 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Cole's Leading Retail Group Coles Myer Ltd.
In Australia there are close to one million business buyers. This is far short of approximately 18 million consumers but the total sales volume in the business market far surpasses the total sales to the consumer market. Although business buying behaviour and consumer buying behaviour are similar because they both involve individuals making purchasing decisions, the differences between the buying behaviours of these groups is of greater significance. These differences are important in understanding the behaviour of business buying and consumer buying markets.

Officeworks is a branch of Australia’s leading retail group Coles Myer Ltd. Launched in 1994, it was aimed to cater specifically for the needs of small business, the home office and
…show more content…
Launched in 1994, it was aimed to cater specifically for the needs of small business, the home office and students. It has approximately 40 stores and is continually adding new stores Australia wide. Its range of products include all office supplies such as stationary, computers and other business machines, furniture and office kitchen and bathroom supplies. Officeworks is a company that experiences both consumer buying and business buying. Officeworks will be used as an example in this report to illustrate the difference between consumer and business buying behaviour. Its marketing strategy will be assessed to see how it incorporates and has been influenced by both consumer and business buyers. Finally, recommendations will be made about how its marketing strategy could be expanded to further meet the needs of business buyers.

In Australia there are close to one million business buyers. This is far short of approximately 18 million consumers but the total sales volume in the business market far surpasses the total sales to the consumer market. Although business buying behaviour and consumer buying behaviour are similar because they both involve individuals making purchasing decisions, the differences between the buying behaviours of these groups is of greater significance. These differences are important in understanding the behaviour of business buying and consumer buying
…show more content…
Launched in 1994, it was aimed to cater specifically for the needs of small business, the home office and students. It has approximately 40 stores and is continually adding new stores Australia wide. Its range of products include all office supplies such as stationary, computers and other business machines, furniture and office kitchen and bathroom supplies. Officeworks is a company that experiences both consumer buying and business buying. Officeworks will be used as an example in this report to illustrate the difference between consumer and business buying behaviour. Its marketing strategy will be assessed to see how it incorporates and has been influenced by both consumer and business buyers. Finally, recommendations will be made about how its marketing strategy could be expanded to further meet the needs of business

You May Also Find These Documents Helpful

  • Best Essays

    Cango Operations

    • 3288 Words
    • 14 Pages

    SDSU (2010, September 7) Consumer behavior: Consumer buying process. San Diego State University. Retrieved from http://www-rohan.sdsu.edu/~renglish/370/notes/chapt05/index.htm…

    • 3288 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Assessment tasks 1 3

    • 1628 Words
    • 6 Pages

    The market for home-wares in Brisbane is estimated last year at $175 million per annum with an anticipated growth rate of the percent in the coming year. Here I outline the following marketing objectives:…

    • 1628 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Office products were chosen as the lead commodity in strategic sourcing efforts conducted by Smith and his team mainly because of the fact that there was not an appreciable difference in the product specifications when it came to differentiating different suppliers. It would almost be like comparing apples against apples. This would therefore provide a nice segway to try and understand the sourcing practices that were currently being employed. Also, office supplies are low value commodities which are used at every level in an organization, and there is a good chance that companies do not optimize these purchases. Hence, studying the purchasing practices of these commodities could provide insight into inefficiencies, and the results would certainly be encouraging in terms of percentage savings gained.…

    • 1251 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Staples Market Structure

    • 1601 Words
    • 7 Pages

    firms interact.” Currently the office supply market is saturated and the competition is tight. The leading contenders for this type of market are Staples and Office Depot, but there are many choices available to consumers looking to get the most value for office supplies. It is ironic that both Staples and Office Depot opened for business in 1986. These companies fall under a monopolistic competition structure. Staples and Office Depot maintain a high marketing presence and are recognized in the office supply industry. But because of the fierceness of the competition, there are other office supply vendors like Quill, Reliable, Office Max, United Stationer’s, Medical Press, and local mom and pop storefronts offering the products that most offices need to operate and maintain a business presence. There are high profits to be made in the case of Staples and the possible collapse taking place in the case of Office Depot.…

    • 1601 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Office superstores and other firms sized have a same strategy of providing a convenient, reliable, and economical source of office supplies for both businesses and individuals with home offices. Normally, the office superstore industry includes three main chains such as Office Depot, Staples and Office Demax and some office supply retailers. Office Depot and Staples are the first and second large office superstores chains in USA.They offered one-stop shopping office superstores where they can provide a full line of consumable office items as well as other product such as computer, office furniture and other business related items; however, half of their revenues cam from office supplies. They charge higher prices in those parts of country where they do not compete against each other and lower prices where they are rivals (Micheal Bayes, Case: Proposed merger between Staples and Office Depot leads to concerns of higher prices, pg. 2). The battle is created between Office Depot, Staples and Office Max.…

    • 473 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Solomon, M. R., Russel-Bennett, R., Previte, J. (2010). Consumer Behaviour: Buying, Having, Being. Frenchs Forest, NSW: Pearson Australia.…

    • 4944 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Staples Case Analysis

    • 2175 Words
    • 7 Pages

    The office supplies industry in 1985 is highly fragmented and the market scope is broad. On the manufacturer level, there are various groups of companies that provide different categories of office supplies. On the wholesaler level, wholesalers, who are mostly large in size while few smaller ones exist, are the main distributors to big business clients and small retailers who buy in bulks either through direct channel or a network of dealers. Dealers, who vary in size, also sell directly to businesses while some dealers have retail presence. On the retail level, the market is even more fragmented, where there are many small retailers while having few big participants in the market. The small retailers have high-cost structure in comparison to discount merchandisers such as Wal-Mart since they buy in smaller lots and have lower sales volume; however, they have more varieties of product offerings. In contrast, the big retailers have less product varieties. In sum, most sellers concentrate on selling products to general customer rather than filling a specific need.…

    • 2175 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Name and describe the types of buying decision behavior and describe a personal example for each.…

    • 1476 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Today’s office superstore industry in the United States provides a convenient one-stop shopping experience for small businesses and individuals with home offices. The main competitors in the industry are Office Depot, Staples, and Office Max. All of them offer a variety of office supplies, as well as computers, office furniture and other business related items.…

    • 1654 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Harvey Norman is now a public company that is listed on the stock exchange, whose principal activities primarily consist of an integrated franchising, retail and property entity. It is one of Australia’s most successful retail groups, operating more than 150 franchised department stores, which focus on selling computers, home entertainment equipment and home appliances. It offers Australian consumers an extensive product range, cutting edge technology and market leadership in most product categories. In this report, an in depth industry and company analysis will be provided in order to gain an understanding of the qualitative aspects of Harvey Norman’s operation.…

    • 3360 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Business Buying Behavior

    • 3885 Words
    • 16 Pages

    In last Lesson we discussed the Consumer Buying behavior. Today We will discuss business buyer behaviour, types of buying situations, participants in the business buying process, and major influences on business buyers so our today’s topic is:BUSINESS MARKETS AND BUYING BEHAVIORThe business market includes firms that buy goods and services in order to produce products and services to sell to others. It also includes retailing and wholesaling firms that buy goods in order toects resell them at a profit. Because asp of business-to-business marketing apply to institutional markets and government markets, we group these together. The business marketer needs to know the following: Who are the major participants? In what decisions do they exercise influence? What is their relative degree of influence? What evaluation criteria does each decision participant use? The business marketer also needs to understand the major environmental, interpersonal, and individual influences on the buying process.A. What is a Business Market?The business market comprises all the organizations that buy goods and services for use in the production of other products and services that are sold, rented, or supplied to others. It also includes retailing and wholesaling firms that acquire goods for the purpose of reselling or renting them to others at a profit. In the business buying process business buyers determine which products and services their organizations need to purchase, and then find, evaluate, and choose among alternative suppliers and brands. Companies that sell to other business organizations must do their best to understand business markets and business buyer behavior.B. Characteristics of Business MarketsIn some ways, business markets are similar to consumer markets. Both involve people who assume buying roles and make purchase decisions to satisfy needs. However, business markets differ in many ways from consumer markets. The main…

    • 3885 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    * Kotler, P., Wong,V., Saunders, J and Armstrong, G. (2001), Principles of Marketing. 3rd European ed., FT/Prentice Hall, New Jersey, USA.…

    • 9960 Words
    • 40 Pages
    Powerful Essays
  • Powerful Essays

    * The small business market generally consists of home accounting software, and office suites such as OpenOffice.org or Microsoft Office.…

    • 1766 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    The following analysis is written for Dakota Office Products to evaluate current business operations and recommend future actions necessary to ensure company success. In our analysis of the company we will identify inefficient business practices that have led to the companies first profit loss in its history. We will evaluate the company’s current pricing structure, ordering methods, shipping and delivery process, and deficiencies in cash flows.…

    • 1627 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Human Resource

    • 50990 Words
    • 204 Pages

    First published 1994 Reprinted 1995 Second edition 1997 Reprinted with revisions 1998 Third edition 2005 Fourth edition 2008 Reprinted 2009 Reprinted 2011 Fifth edition 2012 Copyright © Monash University 2012 Published by the Faculty of Business and Economics Monash University Caulfield East Victoria 3145 Australia…

    • 50990 Words
    • 204 Pages
    Powerful Essays

Related Topics