Unit 29 – Understanding Retailing
P4 - Identify the competitive factors in the retail environment a selected organisation faces.
Curry's is a British electrical retailer operating in the UK and Ireland and is owned by Dixons Carphone. It specialises in selling home electronics and household appliances, with 295 superstores and 73 high street stores. Electronics will be the next company that will be affiliated with them.
Organisations are effected by many different competitive factors that they are forced to face. Competitive factors can and will arise in a variety of situations. A micro environment is the immediate environment that surrounds the business therefore a smaller environment that is easier to control. The tools that will be considered
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It is vital for Curry's to use these tools as they will help them work on the progression of their ability to compete. Curry's has various external environments such as their customers, potential customers, the government, economic environment and other electrical retail businesses in the UK. Customers and competitors put enormous pressure on business operations.
Customers are seen as the live line of business because without them they will be no need for business. They are the resource upon which the success of Curry's depends. The relationship between the customer and the organisation is, therefore, an important one. This implies that Curry's should get on a massive marketing strategy in order to keep their customers and create avenues of taking others from their competitors. If consistently something of value to the customer, customers develop a key relationship not only for the product or service but also with the
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Recession will affect the retail in a number of ways, there will be greater unemployment, less demand, less confidence in the economy, change in dynamics of marketing mix, furious competition, etc. In the case of recession happening in the UK, a business like Curry's may respond to this recession by cutting jobs and supplier cost. They will also make their prices dominant and consider taking over weaker businesses in the industry in order to survive the recession.
In addition, the Internet brings a whole new aspect of competition that Curry's are facing daily. As in most industries, technological development have affected customer activity in a number of ways. The Internet has created an great quantity of information, not all of which is reliable. Customers have easy access to information, much of which is promotional material presented in a manner to appear fair. Internet sources, however, can also offer educational and potentially useful information on where to get quality information on quality records. In addition to the impact on customers, technological advances also offer a number of opportunities and challenges relating to manufacturing, distribution, and promotional activities. Technology generates broad research and greater accuracy in marketing strategies which Curry's will certainly benefit
Type of production The business will be involved in Tertiary Production. Tertiary production is a sector that provides services that are important to the first two stages of production. This is where the business will offer services.
May 2005 Garden landscapes Newbury, UK. After leaving school I worked as a labourer for a garden landscaping firm. Tasks included maintaining gardens to constructing bird aviaries. Mar 2007 38 Engr Regt Op TELIC 9. Attached to a field squadron as a Plant Operator, I carried out routine maintenance and servicing on plant equipment.
Hallo, Professor Hanson, and readers of this Journal Entry Problem 1 Let \( \ g: \mathrm{R} \rightarrow \mathrm{R} \) be defined by \( \ g(x) = x^{2} \) Task 1a What is \( \ g^{-1}(4) ? \)
DYNAMIC LEARNER SEQUENCE 27 (Use First) I can start with this assignment I read the direction three or four time searching for and example format to write this assignment. I must have clear direction. I hate change once I get started I have to start the process all over again.
ProgramDescription: We are making a program that would allow a user to enter student names and Final grades (e.g. A,B,C,D,F) from their courses. we do not know how many students need to be entered. we also do not know how many courses each of the students completed. I am Designing my program to calculate the Grade Point Average (GPA) for each student based on each of their final grades.
The Nazi atrocities of World War II are well documented – rightly so given the horrors they perpetuated and the scale at which they managed to commit their crimes. However, the level of the Nazi crimes often overshadow other atrocities that occurred throughout the war, such as those of Japanese Unit 731, but that wasn’t the only thing keeping Unit 731 out of the mainstream. Unit 731 was set up in 1938 in Japanese-occupied China with the aim of developing biological weapons.
1. Ensure your homepage engages your audience immediately Create engaging textual and visual content. Jessica Humphrey, a visual designer and marketing consultant of Monarch Visual, urges businesses to concentrate on audience engagement before anything else. “Think about what ‘voice’ your content (should have) and think about how you can make that voice heard while still staying within your brand’s guidelines,” she said. “Finding that harmony is the key to being successful.
Skills that I have contributing business IT skills This IT skill that I have means I can work on the computers much more easily and effectively. It will save a lot of time. I can work with many different Microsoft software’s such as Microsoft Office, excel, PowerPoint and so on. This way I can simply write up reports, documents and working on the finance by creating cash flows.
The effect of the recession on HBCUs As we know a recession is defined as a temporary decline in income due to reduced trade and production activity. Everything in society is ran by a sort of system. For example, in order for a company to thrive it must have two things, workers and production. If there are not any workers, than there is little to no production unless the company is ran by machines. If there is not any production than the chances of workers being laid off increase based on how many people are needed for certain jobs through out the company.
In order to analyse what extent Tesco U.K’s performance is attributa-ble towards industry characteristics, Porter’s five forces are broken up into competition, potential of new entrants, power of suppliers, power of customers and the threat of sub-stitute products. Below is an image of Porters 5-forces in relation to the U.K supermarket industry. 1. Rivalry amongst competitors The intensive rivalry in the U.K’s grocery sector is remarkably high.
Considering using more technology inside Trader Joe’s would also speed up business inside Trader Joe’s. 5 – Conclusion This paper has revealed the most powerful and weak spots of Trader Joe’s. Supermarket industry is currently alive and competition between firms are very contentious.
The adoption of new technologies and trends is being facilitated in the industry for the competition and the customer’s overall experience. Many suppliers that are having similar strategies face a strong competition. The barriers for exiting the markets are high. Products and services of are undifferentiated leading the customer to focus on the prices offered. Low market growth, so it can be increased only by taking another firm’s market share.
Emperor Foods, a United States corporation producing prepared foods, successfully markets several product lines of Asian cuisine sold in grocery and specialty stores across much of North America. Reviewing several years of market data on product distribution and consumption, the Board of Directors notices twenty-five percent of gross sales consistently emanate from the Asian-American community thanks to its perceived authenticity. Comparable research also indicates favorable positioning against imported competitors, ordinarily representing several Asian countries in an otherwise diverse marketplace. Deciding to commission an extensive feasibility study, Emperor’s Board of Directors ponder expanding their product line internationally by way
Largely, the entry of the company into the distribution channels has limited the threat of major or powerful suppliers. The company has created its own retail stores and online web marketing. This approach aims at capturing the consumers that would want to order the product directly from the manufacturer. In fact, the online marketing model does not only enable the firm to sell directly to the respective consumer, but also enables the firm to identify the unique needs of the consumers. The direct link between the consumers and the company is critical to continuous growth of the company.
Ecological systems theory : This theory looks at a child’s development within the context of the system of relationships that form his or her environment. Bronfenbrenner’s theory defines complex “layers” of environment, each having an effect on a child’s development. This theory has recently been renamed “bioecological systems theory” to emphasize that a child’s own biology is a primary environment fueling her development. In this essay I will be focusing on the interaction between factors in the child’s maturing biology, his immediate family/community environment, and the societal landscape fuels and steers his development.