which may have obstructed a greater understanding of consumer needs and opportunities We start this article by understanding the concept of category management and then look at the reasons for the emergence of the concept and finally‚ at the business process in which it occurs. The Concept of Category Management: Category management is considered as the new science of retailing for three basic reasons. First‚ it involves a systematic process that has been shown to be robust in various retail situations
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Retail Banking Of Axis Bank (Summer Internship Report) From 3rd June to 24th July ACKNOWLEDGEMENT I express my deep gratitude to AXIS Bank division‚ Kanpur for giving me this opportunity to do summer internship. I acknowledge the give and take relationship wherein I could work diligently on the project assigned to me and contribute to the organization with my efforts and get essential credit to my profile before I enter the corporate
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many buyers in the market‚ high barrier market entry and exit‚ price maker in the market and spend money in advertisement. It has a few of competitors‚ such as Samsung Galaxy S2 (RM2099)‚ HTC One X (RM2099)‚ Motorola Rarz (RM1999)‚ Sony Xperia S (RM1899) and Nokia Lumia 900 (RM1799). To enter oligopoly market‚ it has a high barrier. Therefore‚ Apple is the price maker. Their products are inelastic which means that the products price change would not make a big difference in the quantity demanded
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today is said to be the leading retailer in hypermarket format and the second prominent retailer having an outstanding 154 stores in total with an aggregate net selling area of over 400‚000 square meters‚ over 1500 suppliers and trade partners‚ and over 600 million sales transactions. Puregold Price Club‚ Inc. therefore has an expanding retail business throughout its existence. Considering the company’s financial statements‚ we could say that Puregold’s financial performance is great and has
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Indian retail presents a great opportunity to the domestic & the foreign investors. On the other hand‚ it also poses a great challenge in terms of customer satisfaction. The purpose of this research work is to compare customers ’ perceptions of two retail formats: Traditional Multi Speciality Stores and Exclusive Showrooms and their purchasing preferences. In addition‚ the paper compares these preferences across demographics. Data were collected through intercept survey in Ajmer city across a range
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TRANSACTIONS ON ENGINEERING MANAGEMENT‚ VOL. 46‚ NO. 2‚ MAY 1999 Price Elasticity and the Growth of Computer Spending Kar Yan Tam and Kai Lung Hui Abstract—Recent works have indicated that the price of computers is a key factor in explaining the growth of computer spending. However‚ it remains unclear whether the price elasticity of the demand for computers is constant over time. Findings on the pattern of price elasticity will have important implications in the study of information technology (IT)
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1. Name two types of market failure. Explain why each may cause market outcomes to be inefficient. Market Power- In some markets‚ a single buyer or seller may be able to control the market prices. Market Power can cause inefficiency because it keeps the price and quantity away from the equilibrium of supply and demand. Externalities- The impact of one person’s actions on the well-being of a bystander. Since buyers and sellers do not consider these side effects when deciding how much to consume
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FDI in retail sector in India and its impact on retail traders ABSTRACT: Allowing FDI in multi brand retailing has recently generated tremendous euphoria for some and fear for others. It is based on the notion that it will open floodgates for foreign retailers to invest and will change the retail landscape forever in India. The factors that attracted investment in India are stable economic policies‚ availability of cheap and quality human resources‚ and opportunities of new unexplored markets
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more sustainable in profitability and environment friendly instead of rapidly increasing growth as to reach 40000 stores target. First‚ according to the case of “Starbucks-A paragon of Growth and Employee Benefits Faces Storm Clouds “ study‚ we found Starbucks has closed almost 7100 stores in USA market because of economic clash. It also mentioned that the raising of strong competition of MCD‚ who provide much cheaper price of coffee. The heavy pricing completion from competitor and slowing economic
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OF CONTENT Question Content Page(s) 1.a Effects of government policy that sets price controls on the sale of some goods 1.b Effects of government policy that subsidises the costs of goods to consumers 2 Evidence of maximum price controls in Venezuela 3 Costs and benefits of government regulation of prices in the short and long run 1. Using a basic demand and supply model‚ explain the effects of a government policy that: a) Sets maximum price controls on the sale of some goods
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