Mean‚ median‚ and mode are differing values that furnish information regarding a set of observations. The mean is used when one desires to determine the average value for data ranked in intervals. The median is used to learn the middle of graded information‚ and the mode is used to summarize non-numeric data. The mean is equal to the amount of all the data in a set divided by the number of values in that set. It is typically used with continuous figures. The result will probably not be one of the
Premium Arithmetic mean Mode Median
for us for selection‚ I have choose the question five for my assignment this time‚ this question is regarding to two areas‚ one is the market entry strategy and explain why no single strategy can be used in all circumstances; another one is explaining why franchising is popular method of entering markets abroad and describe its characteristic. 2 Market Entry Strategy Why firms go abroad First of all‚ we need to know why firms go abroad and looking for entering foreign countries’ market. In
Premium Franchising Marketing Investment
Zara Case Analysis Operations Management MBM1110 Table of Contents Executive Summary ................................................................................................................................. 3 Introduction ............................................................................................................................................ 3 Outstanding Operational strategies .......................................................................................
Premium Inditex
3- Zara Vertical integrated Supply Chain To analyze ZARA supply chain‚ it is interesting to look closely at the product design‚ inventory management‚ evaluation of suppliers and vendors‚ logistics management‚ material management‚ time scheduling‚ information systems which are the main contributors in allowing Zara to offer cutting edge fashion at affordable prices. It is also interesting to consider other key performance indicators of Zara comparing to other peers in the retail market. 3.1- Design
Premium Inventory Supply chain management Retailing
MAYUR S. JAGTAP BVIMSR‚ MMS 2ND Yr. (OPERATIONS) GROUP II DATE: 6/10/10 ZARA: RETAIL @ THE SPEED OF FASHION CASE STUDY Q.1.How does ZARA manages more styles? Ans: - Zara’s success from the perspective of time-based competition. While most of people attribute Zara’s time-based success to its extremely short lead time and regard Zara as a benchmark for speed Managing more styles is possible for Zara mainly because of the shorter lead time (2-4 weeks) compared to industry average
Premium Inventory Manufacturing Safety stock
In The Entry into Jerusalem‚ the biblical narrative of Zacheus displays the theme of equality in the ministry of Jesus Christ. The dramatists portray the socially-constructed hierarchies that reflect economic and physical stature as irrelevant to religious doctrine. Regardless of the characters’ social status in the Jewish community‚ Christ perceives all of the citizens as equal to their peers and inferior to the sovereignty of God. The dramatists characterize Zacheus as a citizen who is vulnerable
Premium God Jesus Christianity
Case 2: Zara 1. What are the essential elements of Zara’s business model? The business idea of Zara is to link customer demand to manufacturing‚ and to link manufacturing to distribution. And based on this general idea‚ Zara has several essential elements for its business model. First‚ speed and decision making‚ which means that in the external level‚ Zara need to respond very quickly to demands of target customers‚ and always keep in style. While for the inside‚ Zara treasure intelligence
Premium Point of sale Decision making
Zara has thrived by employing a vertical supply chain. This chain has developed a strategy that has led Zara to create a fashion empire. In 2008‚ Zara had over 1520 stores and produced €6‚8 billion in sales. The supply chain is depicted in figure 1. The chain starts at the headquarters were the designers produce nearly 30‚00 different designs per year. Typical competeitors produce about 2000-4000. Zara employs a quick response system (discussed later) in wich informnation about trends‚ store
Premium Supply chain management Supply chain Logistics
“JOURNAL ENTRIES” a. JIL made initial cash investment. Cash XXX JIL‚ Capital XXX b. JIL made an additional investment‚ Equipment. Equipment XXX JIL‚ Capital XXX c. Purchased equipment on account. Equipment XXX Accounts Payable XXX d. Purchased equipment for cash. Equipment XXX Cash XXX e. Purchased supplies on account. Supplies XXX Accounts Payable XXX f. Purchased supplies for cash. Supplies XXX Cash XXX g. Rendered services on account. Accounts receivable XXX Service
Premium Accounts receivable Generally Accepted Accounting Principles Accounts payable
Zara’s Case Study Company Profile Zara is one of the largest international fashion companies with 1671 stores around the globe. It is a part of Inditex holding. Inditex is one of the world’s largest fashion retailers‚ welcoming shoppers at its eight store formats -Zara‚ Pull & Bear‚ Massimo Dutti‚ Bershka‚ Stradivarius‚ Oysho‚ Zara Home and Uterqüe - boasting 5.693 stores in 85 markets [www.inditex.com]‚ [www.zara.com]. In 1975 the first Zara shop was founded in Spain. In 1976-1984 In-Spain
Premium Inditex Supply chain management