ssHow to Increase Sales in Retail with Market Basket Analysis Marko Svetina‚ Jože Zupančič Merkur d.d. C. na Okroglo 7‚ Naklo‚ Slovenia marko.svetina@merkur.si University of Maribor‚ Faculty of Organizational Sciences Kidričeva cesta 55a‚ Kranj‚ Slovenia joze.zupancic@fov.uni-mb.si Abstract: This paper investigates market basket analysis as an important component of analytical CRM in retail organizations. It presents the case of the company Merkur d.d.‚ Slovenia‚ a trading company dealing in items
Premium Sales Marketing Business intelligence
outbreak. 2. How to build awareness and obtain new customers. 3. How to make better use of her time and resources. Analysis Tutti Matti has been open for 6 months and has already become a profitable business earning sales of $210‚000. Her plan is to finish the year with sales of $500‚000. The SARS outbreak‚ decrease in tourism‚ seasonality and family and friends have decreased attendance at the restaurant and competition. Solomon has established strengths and weaknesses that can affect her business
Premium Lunch Restaurant Strategic management
Q.R.1 It is often said that a good theory is one that can be refuted by an empirical‚ data-oriented study. Explain why a theory that cannot be evaluated empirically is not a good theory. Theory‚ whether in economics or sciences‚ helps ones predict and succeed in explaining on what they intend to explain relies on convincing assumptions. However‚ accuracy and validity of theories are important as the more accuracy in the theory‚ the more success in whatever business or science. Hence‚ all theories
Premium Theory Inflation Scientific method
Literature Review 6 Answers to Research Questions 8 Recommendations to Remington’s 15 References 18 Annotated Bibliography 19 Appendix(ces) 22 List of Tables Table 1 Demographic Description of the Average Remington’s Patron9 Table 2 Reported Income by Remington’s Questionnaire Respondents9 Table 3 Importance Ratings when Selecting a Restaurant11 Table 4 Perception Measures of Remington’s Steakhouse Patrons12 Table 5 Relationship Measures of Remington’s Steakhouse Patrons12 Table 6 Patron
Premium Standard deviation Variance Arithmetic mean
Which one of the following statements is correct concerning annual percentages rates (APRs)? Answer: The APR is equal to the monthly interest rate multiplied by 12 Give an interest rate of zero percent‚ the future value of a lump sum invested today will always: Answer: remain constant Answer: II and IV A firm created as a separate and distinct legal entity that may be owned by one or more individuals or entities is called a: corporation The capital structure of a firm refers to the
Premium Net present value Rate of return Investment
Title: What is the effect of different fat percentages in milk on the mass of curds produced? Purpose: The purpose of the experiment was to determine if the percentage of fats and proteins in different types of milk would affect the mass of curds produced. Background Information: In different types of milk there is a variety in percentages of fat and slightly different percentages of protein. For example‚ in one cup of skim milk there is approximately 8.3 grams of protein‚ while in one cup of whole
Premium Milk Cheese
Cost Versus Usage Percentage Once of the main reasons why a restaurant’s finances are usually not matching what is spent is because who ever is in charge of managing the purchasing and inventory does not know the difference between actual costs and usage percentage. What a company needs to realize is that both should be treated separately and then compared later to find if further investigation is needed to evaluate the discrepancy. First the company needs to record their attainable cost and evaluate
Premium Spreadsheet Mathematics Microsoft Excel
Solutions to the long-term contracts in-class questions Practice Question #2 Percentage of completion method a. 2013 2014 2015 2016 Construction costs Incurred to date $ 300‚000 $ 1‚400‚000 $2‚263‚000 $3‚100‚000 Estimated costs to complete 2‚200‚000 1‚400‚000 837‚000 — Total estimated costs $2‚500‚000 $ 2‚800‚000 $3‚100‚000 $3‚100‚000 Percent (%) completed 12% 50% 73% 100% Revenue to date $ 360‚000 $ 1‚500‚000 $ 2‚190‚000 $3‚000‚000 Revenue recognized
Premium Generally Accepted Accounting Principles Accounts receivable Accounts payable
Why is there an increase in depression in the United States? There has been an increase in depression over the last few years. Since 1980‚6.9million people reportedly have been diagnosed with depression. Depression is continually growing in the US.There are 3 leading causes of depression school‚ work‚ and personal relationships. Some people believe that school is a leading cause of depression because students tend to be overloaded with school work. The state standards have increased their
Premium Education High school Homework
The preferred strategy to increase sales of a repertoire brand is to seek new customers in order to gain a larger market share. First and foremost‚ many marketers considered brand loyalty as the central theme in formulating marketing strategy for the various market types. Organizations with larger base of loyal customers ’ have been associated with greater profitability and higher rates of return of investment (Buzzell et al. 1975‚ p. 98). The measurement of brand loyalty varies in different
Premium Marketing