Identify two types of communities covered in this module that you would use to engage with your customers. The first type of community that I would use to engage with my customers is YouTube‚ the reasons are obvious. First‚ videos have emotional impact on the viewers‚ a great video will make the viewer laugh‚ cry‚ angry and learn‚ in addition‚ these emotions will have the viewers share their emotions thus spread words to increase brand awareness. Second‚ the statistic facts‚ “YouTube alone
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CHAPTER 1 Retailing – a set of business activities that adds value to the products and services sold to the consumers for their personal or family use A retailer is a business that sells products and/or services to consumers for personal or family use A Retailer’s Role Attempt to satisfy consumer needs by having: the right merchandise at the rice price‚ place‚ in the right quantities‚ and at the right time Retailers Role in the Distribution Channel Ex. Manufacturing -> Wholesaler ->
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defies the laws of retailing. They take the rules‚ bend‚ and do the complete opposite of it and makes a profit off of that strategy. Costco’s demographic is based on and catered to college-educated individuals with an annual salary of at least $100‚000 a year. What makes them unique is that they do the opposite of what you see and know about most retail stores and they have become successful at doing that. This strategy alone is why Costco has become a multi-billion dollar company and has also beat
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Zie Energy is a retailing energy distribution company based in Melbourne. Its business has been growing fast for the past 15 years though strong customer connections and relationships. However there have been inconsistent data collection and processing systems within the company. As this has caused enormous amount of confusions for call centre staffs to manage inquiries about gas‚ electricity and solar bills. The company would also like to make more commitment to improve customer service experiences
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individual or company of another country‚ either by buying a company in the target country or by expanding operations of an existing business in that country. Foreign direct investment is in contrast to portfolio investment which is a passive investment in the securities of another country such as stocks and bonds. Broadly‚ foreign direct investment includes "mergers and acquisitions‚ building new facilities‚ reinvesting profits earned from overseas operations and intra company loans". In a narrow
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adopting eco-friendly practices and producing products that are environment friendly. Today‚ everyone is concerned about preventing environmental degradation. Retailers have sensed the need for green retailing and now most of the Indian retailers are stepping into this new avenue. Previously‚ green retailing was perceived as a ‘nice-to-have’ phenomenon. But lately‚ producers and consumers have realised that it is a ‘must-have’ phenomenon as environmental protection has become a priority. Green Retailers
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Modern Trends in Retailing Self Service * Products are displayed on open shelves. * Customers have to select them put them into trolley‚ take it to cash counter‚ make payment and arrange for their transportation. * Generally used in large scale retailing especially supermarkets. Advantages To Retailers 1. Lesser requirement of shop staff. 2. More sales in given time. 3. More sales due to impulse buying. More turnover. 4. Attraction to the customers. To
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Strategic Planning in Retailing RETAIL MANAGEMENT: A STRATEGIC APPROACH‚ 10th Edition Chapter Objectives To show the value of strategic planning for all types of retailers To explain the steps in strategic planning for retailers: situation analysis‚ objectives‚ identification of consumers‚ overall strategy‚ specific activities‚ control‚ and feedback To examine the individual controllable and uncontrollable elements of a retail strategy‚ and to present strategic planning as a series of integrated
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FDI IN MULTIBRAND RETAILING Every second day we read newspaper headlines discussing the most debatable issue of the country i.e. FDI in multibrand retailing. Is it going to pinch our pockets or will it b a boon to India?? Let’s take an insight of it…. Meanings FDI i.e. foreign direct investment is an investment made by a company or entity based in one country‚ into a company or entity based in another country Retail is the sale of goods and services from individuals or businesses to the end-user
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Retailing Assignment No.1 Submitted to Sir: Waseem Irshad Submitted by Rao Shafae Ali L1F11BBAM2047 Shaheryar Khalid L1F11BBAM2151 BBA HONS: Section (C ) UCP Business School University of Central Punjab Executive Summary Modern Mobile Accessories is redefining how we perceive Mobile Accessories. Traditionally‚ Mobile Accessories remained out of the hands of most consumers due to their high cost. As a result‚ we have invested time and resources into finding ways to give the systems
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