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Developing Good Business Sense

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In general consumers do not know what process the product they are purchasing has been thru before it gets to the store shelf to be purchased. Every company tries to put together a cost effective procedure to get the product on to the shelf and into their customers’ hands. Companies often compare business plans or business models to construct their own and often improve upon the process. Below the differences of companies like Home Depot, Lowes and any local hardware store. Each of these businesses aims to satisfy their customers by providing a wide range of products that can assist on home improvement projects or general contracting and construction. While all three businesses may have similar business models or target the same type of clientele, they each have a different Operations and Materials Management (OMM) cost. Home Depot is one of the largest hardware retail stores located in the United States. Home Depot employees run various tasks from assisting a customer with suggestions on items, to actually running heavy machinery to cut wood or metal for a customer. The employees seemed to be geared to help customers with their needs as fast as possible. The store stocks a wide variety of items for multiple different projects or repair. They also have a lower cost alternative under the Home Depot brand for many different items available in the store. By having a Home Depot brand on the shelves for a variety of items helps the OMM of the business by increasing revenue thru a low cost alternative item that the customer my purchase instead of the name brand. Lowes is a competitor to the Home Depot. Lowes is also one of the largest hardware retail stores in the United States. Lowes employees also perform many of the same tasks as a Home Depot employee. The difference that can be observed between Lowes and Home Depot is that by the types of items being carried. Home

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