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 across the US‚ Europe‚ South Africa‚ Australia and Latin America. Second‚ it emphasizes decision making based on complex analyses of consumer data‚ scanner data and market level syndicated data. Third‚ category management replaces the brand
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Differences Between Online Retail & Traditional Retail Businesses Learning eCommerce Often times‚ it is easy to overlook the differences between selling online through a shopping cart and retail selling through a brick and mortar storefront. Online retail is different from selling through a store in many ways and you should become familiar with the differences so you can better understand the many benefits of selling online compared to selling through a physical storefront. The obvious differences
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Marketing Defined University of Phoenix MKT/421 – Marketing Marketing Defined Marketing is often thought of as advertising and selling‚ but marketing encompasses more than just selling a product or service and advertising it to entice customers to make a purchase. Perrault‚ Cannon‚ and McCarthy (2009) defined marketing as "the performance of activities that seek to accomplish an organization’s objectives by anticipating customer or client needs and directing a flow of need satisfying goods
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Speciality Retail Group’s (SRG) solution worked by getting help from Kewill in dealing to reduce warehousing‚ transportation cost‚ reduce delivery time and to increase the exchange of stock and sales data between SRG and its suppliers. Kewill is a leading provider of software solutions that enable enterprises and logistics providers to manage the movement of goods and information across the globe. By pairing up will Kewill‚ it has benefited them in so many ways. First off Kewill is a provider of
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Role and Functions of Law LAW/421 November 3‚ 2014 Charles Hughes Role and Functions of Law “Law plays a significant role in the successful operation of business and society” (Bushman‚ 2007). Laws create order and allow a government to instruct citizens on what is acceptable behavior. These laws‚ better known as public laws‚ provide a clear set of rules for citizens to follow. What is Law? According to Melvin‚ law is defined as “a body of rules of action or conduct prescribed by controlling
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Organizational Overview Cox Communications is a telecommunications company headquartered in Atlanta Georgia. Its parent company‚ Cox Enterprises Inc‚ was founded in 1898 by school teacher and three term governor of Ohio James M Cox. With more than 23000 employees in 15 states‚ Cox provides its 6.7 million subscribers with award winning services. Among them are: video‚ with high definition‚ digital video recorder‚ digital cable‚ and analog services; high speed broadband data with multiple speed choices;
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Law 421/Week Two What are the elements of negligence? How does an intentional tort differ from negligence? Provide examples. Intentional torts can be described as deliberate acts to harm someone. Negligence can be described to deliberately choose not to act in order to fix a problem which ultimately results in someone being harmed. There are several elements that need to be present in order for a claim to be considered negligence (Melvin‚ 2011). According to our text these elements need to be present
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Retail Format Area (sq ft) Convenience stores 500 – 1‚000 sq ft Supermarkets 1‚000 – 10‚000 sq ft Hypermarkets Above 10‚000 sq ft A supermarket‚ a large form of the traditional grocery store‚ is a self-service shop offering a wide variety of food and household products‚ organized into aisles. It is larger in size and has a wider selection than a traditional grocery store‚ but is
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TOPIC: Impact of Indian Organized Retail Chains On Unorganized Retail Sector India is in the midst of a retail boom. The sector witnessed significant transformation in the past decade and that is unorganized family-owned retail formats to organized retailing. Many international brands have entered the market. With the growth in organized retailing‚ unorganized retailers are fast changing their business models. However‚ retailing is one of the few sectors where foreign direct investment (FDI) is
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Evaluating two successful stores and two unsuccessful stores The retail industry is extremely competitive particularly during the current economic conditions when customers have limited spending power (Bloomberg‚ 2009). Therefore‚ it is crucial that the business owner assess all of the factors which determine the profitability of a store. Since the financial figures are unavailable for all of the different outlets‚ the success of the store will be assessed using the same physical factors which
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