The Principles of Merchandising The past decade has witnessed sea change in the world of retail‚ of which increasing competition is just one aspect. New and emerging technologies and customers fragmentation has made it even more difficult for retailers to retain consumers who are loyal to their stores. Walters and Hanharan have identified four key elements of the strategic direction that are retailer may take‚ they are: * Merchandise strategy; * Communications strategy; * Customer service
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What do you think makes a good brand? How do you recognize a good brand? Good is a very difficult word used as a description. There are few things that define a successful brand and the most important thing is the relationship that it establishes with its consumers and stakeholders and when that relationship is held and maintained consistently over a period of time‚ makes a successful brand. Now that relationship could be emotional‚ could be rational‚ could be problem solving relationship but as
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Fashion merchandising is where fashion and business meet. Fashion merchandising involves marketing fashions to various retail stores‚ boutiques and wholesalers. The mission of a fashion merchandiser includes connecting different fashions to consumers and anticipating what your clients will be interested in. Fashion merchandising doesn’t center on fashion alone; it entails a keen business sense and knowledge of assorted marketing strategies and techniques. Fashion merchandisers are customer-oriented
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Costco Wholesale Since 1983‚ Costco Wholesale has risen to the top as the most proficient‚ efficient‚ and effective wholesale distributors in the world. By using a strategy based around ultra-low prices‚ a limited selection of nationally branded private labeled products‚ a treasure hunt shopping environment and operating with low operating costs‚ as well as geographic expansion‚ Costco has been able to distinguish itself from its competitors as the leading wholesale provider in the world. While
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Question 1: On the first pages‚ Clifford tells the story of a shipowner whose ship sank and drowned all aboard. Clifford things the shipowner is guilty of their deaths even though he sincerely and in all good conscience believed the ship was sea- worth. What do you think? Do you agree with Clifford? Why or why not? Answer: I think that Clifford is absolutely correct in the scenarios that he provided. Quickly‚ Clifford made it clear that the shipowner was fully aware that his ship had not been built
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‘Why do I think like a freak?’ I that this is a trick question trying to expose me on something since there is no way I will expressly admit that I am a freak‚ categorically speaking (although I know at the back of my head that I do. Sometimes.) After all‚ the word ‘freak’ connotes a bad perception to most people. However‚ for some unknown reasons after reading the book ‘Think like a Freak’‚ I realized that there is nothing wrong in proclaiming that indeed‚ I think like one. I always say that every
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Question 1 What is Costco’s business model? Is the company’s business model appealing? Why or why not? Costco’s business model focuses on selling limited selection of products at low prices‚ often at very high volume and rapid inventory turnover. These goods are bulk-packaged and marketed primarily to large families and businesses. Costco does not carry multiple brands or varieties where the item is essentially the same. It provides members with a selection of only about 4000 items‚ this results
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1. Do you think that New Mexico is a desirable tourist destination? Why or Why not? I feel for some individuals depending on where they live it a desirable tourist destination. I feel New Mexico is a desirable tourist destination for some because our weather is very different from other states. We have a lot of hiking trails so people who love to be outdoors and explore would love it here. I feel this might not be a desirable tourist destination because
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AP stats students are different. Write the hypothesis statements for his belief. Assume a= .1 Some of his students take a random sample of students and comes with a 90% CI of (.80‚ .90) Based on these results‚ what will the results of Mr. Baird’s test be? Explain. H0: p=.76 Ha=p=/=.76 Your answer should include: Reference that a 90% Confidence interval corresponds to a 2 sided test with a =.1 Indicating that the interval does not include .76 Diagram tends to help with explanationaaaaaaaaaaaaaaaaaaaaaaa
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Why do we need a diploma to succeed in business? What do we have behind us after graduation? On the one hand - specific knowledge and skills with the hope to use them in practice when applying for a job. On the other hand - the diploma‚ which ostensibly shows that this baggage we have. "We need a person with a higher education ..." - these words are full of almost all offers of employment. How is it important for an employer‚ what high school diploma in your hand? Does a diploma
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