Answered: suppose your business is rental cloth…

suppose your business is rental cloth collection, explain specifically the markets competitive advantage in the market place and how it will compete against more established competitors.

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter15: Retailing, Direct Marketing, And Wholesaling

Section15.1: L.l.bean: Open 24/7, Click Or Brick

Problem 3VC

See similar textbooks

Related questions

Q: _____________ strategy of supply chain is ideal for a scenario in which the estimated demand defines…

A: Supply chain management indicating the all process related to the movement of products and services…

Q: Where are the purchases of raw material entered/recorded and how are materials stored?

A: Concept Introduction Like any other asset, Raw Material in business can be considered as an asset.…

Q: Snip

A: Solution The opening inventory of the current month is the closing inventory of the previous month.…

Q: Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating…

A: These agreements will incorporate the necessities, for example, amount request, cost per unit,…

Q: Complete the table below to indicate the number of pounds of each type of tea leaf to produce to…

A: THE ANSWER IS AS BELOW:

Q: Provide two possible reasons for using the fixed-order-interval model. Give an example for each…

A: In this, a fixed stretch is created by keeping a mind the interest of the item. It is utilized in…

Q: 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of…

A: 2. Answer Since wages and pay rates are pre-fixed in the terms and agreement among the organization…

Q: he following data below gives information for ABCO building supplies. Cost of goods sold last year…

A: Inventory Turnover Ratio is calculated with the help of following formula Inventory Turnover Ratio…

Q: Requlred: 1. Calculate the Blending Department's equivalent units of production for materials and…

A: As per the guidelines of Bartleby, only 2 questions have been answered. For getting answers to the…

Q: Demand for products or services can be broken down into how many components and explain the…

A: Demand for goods and services can be broken down into six components. These six components are as…

Q: Read the given scenario and answer the following. Use separate heading to answer each point. The…

A: Managing supply chain management is central to any or all industries. A supply chain is incredibly…

Q: Describe the operations of Primer Inc. in terms of the four Vs (Volume, Variety, Variability, and…

A: Primer Company is a manufacturing company of Air conditioning services to customers in Ghana region.…

Q: Define the term Independent Demand and explain how it relates to the sales and marketing activity of…

A: Independent demand The demand for a commodity is independent of the demand for every other item in…

Q: How to calculate the estimated yearly demand?

A: The "economic request quantity" method computes the ideal measure of stock to arrange at a time,…

Q: When is the right time and placement for the business to produce or order products as their…

A: Order replenishment is a process associated with inventory management which helps to balance the…

Q: how fast-food outlets and FMCG companies in South Africa can responsibly manage business operations…

A: Fast Moving Consumer Goods(FMCG) companies can be defined as those companies that can quickly sell…

Q: How improve or solution this Problem? Explain 1.Payments are sometimes not processed in order in…

A: With the rapidly changing world of technology, the marketing industry has seen a lot of evolution.…

Q: Define the term Fluctuating Demand?

A: In general terms, demand is all about the ability to pay and the desire to consume a specific…

Q: Joel is the RM for the City Center Plaza hotel. He knows that under his franchise agreement, he pays…

A: Net ADR Yield Estimate Worksheet: City Center Plaza Distribution Channel Group rooms Third-party…

Q: Define the term Joint Demand?

A: Because of the forces of demand and supply of a product, goods are purchased or sold at a particular…

Q: Is it necessary that a sale forecast reflect fluctuations in demand pattern for a goods and service?

A: THE ANSWER IS AS BELOW:

Q: online shopping site that focus on school supplies Give some CUSTOMER ROI AND EXPLAIN and KEY OF…

A: ROI is most commonly known as return on investment. It is one of the parameters on the basis of…

Q: The EastCoasters Bicycle Shop stocks bikes; helmets;clothing; a variety of bike parts including…

Q: es that can be employed to suppor

A: Don't Ship Air and Don't Ship Water is Supply Chain strategies

Q: Consider walmart is having a inventory management problem. What could be the root cause for this…

A: One useful gizmo for training managers to have proper inventory manager is adopt the Walmart mindset…

Q: Required: Analyse the risks associated with the following business processes of a manufacturing…

A: The above case study depicts typical example of order to delivery cycle of a manufacturing company.…

Q: Discuss the importance of the following Matching customer demand and Managing a supply chain ,…

A: Supply chain: It is the network between the vendors, suppliers, manufacturers, distributors,…

Q: Which of the following are the four factors of aggregate demand? a. Consumption, Investment,…

A: Aggregate demand refers to the entire quantity of demand for all completed products and services…

Q: Perfume shop example: 1. Who are the suppliers? 2. How do Perfumes get to your shop? 3. How do…

A: For the perfume shop, suppliers are actually such vendors who are supplying the Input materials like…

Q: Your Corporation manufactures four products that use the same raw material and production machine.…

A: Information associated with all four products is shown below- Products A B C D Selling price…

Q: Select the best answer from the five listed below to fill in the blank. costing is used to describe…

A: Every organization uses different costing methods at different stage of operations, which can help…

Q: Answer the following questions in short: Define the following terms: • Operations Management • Goods…

A: Operations are the outcome of managing the internal workings of the company so it operates as…

Q: Economic enterprises, each for profit and nonprofit, generate revenues through business processes…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Where do these competences fit into the Value Chain?

A: Every company gains a competitive edge by engaging in a series of activities that are unrelated to…

Q: Demand of Hairdryer from January to July Month Demand January 2800 February 2870 March…

A: a) 3 months simple moving average Given data: Month Demand 3 months simple moving average…

Q: Strategies for proactive demand management would not include O a. offering products or services with…

A: Proactive demand management is significant to marketing because the demand for the company's goods…

Q: Discuss the application of the Porter’s five forces to determine Amazon’ competitive advantage and…

A: Porter's Five Forces is a model that examines five powers that are the building blocks of shaping an…

Q: explain briefly what does it mean "Not an issue of affordability but lack of support and priority"?

A: Science and technology involves a huge investment and infrastructural support from the country's…

Q: Uni Lever is in process to reduce its inventory costs. Annual demand for a raw material costing Rs.…

A: Annual Demand = D = 60,000 units Cost = Rs 12 per unit Ordering Cost = O = Rs. 6 per order Holding…

Q: As manager of the St. Cloud Theatre Company, you have decided that concession sales will support…

A: We know that, Contribution margin pu = SP per unit – VC per unit – Waste allowance per unit Assuming…

Q: Describe what is the relationship between demand management, customer service and order management?

A: The linkage between Demand management, order management and customer services is given below:

Q: i. "The manufacturer's choice of marketing channels is interviewed with its policy on distribution…

A: The success of a business depends on several factors such as strategy, objectives, manpower skills,…

Concept explainers

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”

Question

100%

suppose your business is rental cloth collection, explain specifically the markets competitive advantage in the market place and how it will compete against more established competitors.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.

Similar questions

Explain and analyze why its whether good or bad to purchase a potato from a grocery store.
Imagine that you own a bakery! Your bakery sells cookies and brownies only. To run your bakery successfully, you must determine the production cost for each item, as well as, your maximum production cost for each day. Create a business plan for your bakery! Your business plan must include the following: • The cost to produce a cookie • The cost to produce a brownie • Your maximum production costs per day • The system of inequalities that describes these restrictions • A graph of your system including the shaded solution region
What is the relationship between demand management,order management, and customer service?
Define the term Independent Demand and explain how it relates to the salesand marketing activity of firms. Explain the benefits of accurate estimationof future Demand within the context generating a reliable production plan
The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $49.00 First purchase 18 units at $54.00 Second purchase 25 units at $59.00 Third purchase 14 units at $59.00 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the FIFO method? Select the correct answer. $1,127.00 $1,357.00 $3,616.00 $3,593.00
Is it necessary that a sale forecast reflect fluctuations in demand pattern for a goods and service?
Discuss what is the relationship between demand management, customer service and order management?
Describe how the objectives of marketing, production, and finance are in conflict over customer service, disruption to product, and inventories.
description how the objectives of marketing, production and fiance are in conflict over customer service, disruption to production and inventories.
Put this in other words. Analyze and elaborate this one. In the intricate orchestration of supply chain management, predictive analytics emerges as an indispensable conductor. Drawing upon colossal datasets from multifarious sources, predictive analytics unfurls a tapestry of precise supply and demand prognostications, meticulous inventory optimization, seamless logistics orchestration for punctual deliveries, anticipation of equipment maintenance exigencies, and the nimble adaptation to unforeseen contingencies. In this ever-evolving landscape, predictive analytics has metamorphosed into a critical lever for cultivating an agile and resilient supply chain, warding off disruptions, and laying the foundations for sustainable success.
One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 400,000 parts in one year1. 500,000 in year 2; 700,000 in year 3. shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.006 per unit. Finally, administrative costs are estimated at $30 per month. Although your plant can continue producing the part, the plant would need to invest in another molding machine, which would cost $20,000. Direct materials can be purchased for $0.06 per unit. Direct labor is estimated at $0.05 per unit plus a 50% surcharge for benefits and, indirect labor is estimated at $0.008 per unit plus 50% benefit. Up-front engineering and design costs will amount to $40,000. Finally, management has insisted that overhead be allocated if the parts are made in-house at a rate of 100%…
Describe the quantity discount model and demonstrate how to utilise it ?