Understand the Business of Retail Outcome 1 A. List the different retail channels and state the main features of each one. Retail Channel | Benefits/Features | Shops | * Lots of choice * Discounts * Sales | Internet | * Free delivery * Quicker * Buy from home * 24 hour delivery * Sales * Register for offers | Warehouse | * Professional products * VAT free days | Catalogues | * Pay weekly or monthly * Order from your home | Salon | * Professional
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Inadequate and insufficient supply chain existing in India‘s retail sector is a major deterrent to the growth of this market. There is a strong need for retail to concentrate on developing a back‐end solid chain support especially for perishable products to help reduce wastages which is estimated to be at 40% of national produce. Lack of cold chain infrastructure in India poses storage threat and acts as a major challenge for the retail sector. Due to India‘s complex tax structure and large geographic
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7.DEMOGRAPHIC CHARACTERISTICS OF THE POPULATION: GROWTH OF POPULATION IN TIRUMALA-TIRUPATI FROM 1901-1981 The growth of population in a particular place is attributed to the natural increase (excesses of births over death) as well as migration from other places. In case of unifunctional and multifunctional cities any change in the function of the city naturally affects the growth of populations. If there Is an expansion of any of the functions be its religious‚ industrial‚ commercial‚ political‚
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Discuss how the objectives of the business influence the choice of stock management approaches INCREASED SALES AND PROFIT MARGINS Explain the possible sources of information for stock management PAST RETAIL SALES These are appropriate for stock management as they can see which products are preferred and how well they are doing. It can also help by giving Veggie Rocks the data for what consumers may want next month‚ therefore helping to improve future sales. CUSTOMER FEEDBACK Sales are a major
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THE RETAIL MARKETING REVOLUTION By 2010‚ the list of India’s top 10 retailers will have at least 5 Indian corporate. Retail Marketing will go through a tremendous change in India this millennium. It will change India’s cities‚ its people‚ and its households. The Indian consumer is reportedly the largest spender in Singapore and London. It is‚ therefore‚ strange that there have‚ so far‚ been few efforts to present the product in the right kind of environment in India. Indeed‚ the right shopping
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I hereby present the analysis of the dominant management philosophy of Whirlpool Corporation for evaluating whether our company shall acquire Whirlpool. Whirlpool’s management is strongly committed to build strong brands and a growing loyal consumer base via its brand value creation strategy based on diversity‚ innovation‚ cost productivity and corporate social responsibility. Whirlpool knows the art of leveraging its wide array of strong brands to serve strategically different & geographically
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THE IMPACT OF THE INTERNET ON RETAIL Stream:1B Introductory Business Studies 304001 Nowadays‚ the development of the Internet is faster and faster. And it has brought some effects on our social life‚ for example‚ it is changing the retail industry gradually‚ both in content and structure. Today we will discuss main four impacts of the Internet on retail ‚ which are‚ ⑴Internet promotes retail business prosperity by reducing cost;⑵Internet helps retailers enlarge market share; ⑶Internet
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o How has technology changed the role of retail managers? o How has the technology improved retail management‚ not just how technology has improved? Provide specific examples. o What‚ if any‚ are the downsides to the technology that may present challenges to the retail manager? Effectiveness of Technology Consumers have many choices when deciding where to purchase their goods. While retailer managers are deciding how to win the consumer’s business and increase revenue‚ they are also constantly
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Zara’s information Technology strategies and the diatribe between Salgado‚ The Head of the Department and Sanchez ‚ his assistant‚s concern upgrading the operating system and the implementation of a new IT system to fulfill the needs of a fast growing retail chain. Despite the fact that Zara is over performing in their core business and that they are not showing big problems inside their structure‚ this shouldn’t be seen as a pretense to dodge updating the Software. Here we see Sanchez’s sight who confide
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levels of employee well-being‚ organizational commitment‚ financial performance and social responsibility. Spiritual leadership values: Integrity/honesty Freedom/independence Fairness/equality/justice Family Love/caring/charity Characteristic of spiritual leadership Find and use the deepest inner resources from which come the capacity to care and power to tolerate and adapt Develop a clear and stable sense of identity as an individual in the context of shifting workplace relationship
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