BUYING AND MERCHANDISING – 27/02/2014 Data warehousing: * Data warehousing is the electronic storage of all info about current customers. * Traditionally this info was used for financial and accounting purposes only. * We now use this info for marketing purposes as well. * Information is primarily gathered via the credit card base of the retailer. * Data warehouses are also used as a single source for the retailer to view key performance indicators (sales, margin, stock, profit
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Wilkerson’s competitors have cut prices on their pumps, in order to maintain market share, Wilkerson also cut the price of their pumps. This dropped Wilkerson’s GM by about 15%. At the same time, Wilkerson was able to increase the price of their flow controllers by 10% without a drop in demand. The manufacturing manager now feels that the competitors’ valves are of equal quality as that of Wilkerson. Currently, the competitors have not changed their prices and GM has been maintained at 35%
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ECONOMIC SYSTEM, SUPPLY AND DEMAND When a natural disasters occur, in order to get help to the general public as soon as possible you have crisis crews like fire departments, ambulances, police and etc. that are usually the primary help and first responders to a sight were the natural disaster has occurred in the general public. Socialism is an “economic system characterized by public ownership and operation of key industries combined with private ownership and operation of less-vital industries”
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in the area. Question 7-2 What are the differences between the cost and sales comparison approaches to appraising property? When using the market approach, the appraiser estimates the value of a property by comparing the selling prices of properties similar to, and near, the property being appraised. Because no two properties are exactly alike, the values of similar properties are adjusted by the appraiser for dissimilarities. When using the cost approach, the appraiser established
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communication, paperwork, and customs clearance included, MPBC estimates that each time an order is placed, it incurs a cost of $65. The purchase price paid by MPBC, per bicycle, is roughly 60% of the suggested retail price for all the styles available, and the inventory carrying cost is I % per month (12% per year) of the purchase price paid by MPBC. The retail price (paid by the customers) for the AirWing is $170 per bicycle. MPBC is interested in making an inventory plan for 2011. The firm wants to maintain
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leadership strategy because they are the lowest cost producer that can sell at or below industry prices and by doing this they gain a bigger market share. This gives Walmart the competitive advantage in many different areas of the market and helps to control pricing.When we look at Walmart’s internal environment we look at their strengths which include the consumer’s knowledge and understanding of low prices, their market clout, their competence in information technology, and their wide range of stores
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keeping the most efficient operating speeds. Even though the truck’s price was competitive against local offerings, in the buyers’ eyes the potentially higher utilization was not worth the expense. To avoid those sort of failures in the process of developing products in emerging markets, companies must be challenged themselves to design, develop, and manufacture products for environments where customers are particularly price conscious and demanding. To overcome this condition an increasing number
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purchase price of lawn mower = $5,000 Nominal interest rate = 6% per annum (Patrick has to borrow the $5,000) Physical rate of depreciation on a lawn mower = 10% per annum Expected sale price of lawn mower at end-of-year = $4,800 (i) Calculate in $s the cost to Patrick of owning the lawn mower for a year. (Hint: You will get a slightly different answer depending on how you treat depreciation. Either way is acceptable) One issue with this question is how to interpret the expected sale price at the end
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battle competing with one another trying to create the best marketing mix. Having a solid mix, companies have a well-established product, price, promotion, and placement to attract customers and maintain them for years. Wal-Mart, well known for their cost leadership strategy providing goods at the cheapest price has taken it a step further with their new online price comparison tool. An article in the money section of The Intelligencer, a local newspaper for Bucks County, Pennsylvania on Sunday, March
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Monsanto Place and Price Analysis Fundamentals of Marketing and Sales BUS3030 Pamela Vest PLACE Distribution Channels Monsanto, an agriculture company, creates, produces, and provides genetically modified seeds to farmers around the world. With the issues of agriculture, Monsanto is working to produce more, conserve more, and improving lives (Monsanto, 2014). As the world’s population grows and not enough of land suitable for agriculture, farmers must produce more. Farmer’s crops yield
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