Preview

Website Development on Product Price

Good Essays
Open Document
Open Document
1075 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Website Development on Product Price
Service Broker Website on Price of Goods from Retail Stores

by

Nur Nadiah Binti Abdul Rahman

Extended Proposal submitted in partial fulfilment of
The requirements for the
Bachelor of Technology (Hons)
(Business Information System)

September 2013

Universiti Teknologi PETRONAS
Bandar Seri Iskandar
31750 Tronoh
Perak Darul Ridzuan
TABLE OF CONTENTS

ABSTRACT . . . . . . . . . i
CHAPTER 1: INTRODUCTION . . . . .
1.1 Background of Study . . . .
1.2 Problem Statement . . . .
1.3 Objectives and Scope of Study . .
CHAPTER 2 LITERATURE REVIEW . . . .
CHAPTER 3 METHODOLOGY . . . . . 3.1 Elements Determination . . . 3.2 Sample Preparation . . . .
CHAPTER 4 CONCLUSION . . . . . 4.1 Conclusion . . . . . 4.2 Recommendations . . . .
REFERENCES . . . . . . . .
APPENDICES . . . . . . . .

ABSTRACT

The problem of getting exact price information on several stores is quite a big concern towards middle income citizen, and much for lower, especially during the economic crisis which caused the increase of goods price as a whole. The presence of big retail stores drowns the smaller stores in terms of discount, advertising, and convenience of the building. But actually the price is more or less the same or the price at smaller stores and eventually cheaper than the big retail stores. Small retail stores seem to be camouflaged by big company, and at the end of the day, the small stores will shut down. On the other hand, people who really concern about money, everything to purchase needs to be calculated precisely, so that they do not over budget. The above phenomenon seems to cause this group of people having no choice, but to purchase at the so-called big convenience store at higher price. Besides, those who are more energetic, they might visit one store to another, just to do the price comparison. Thus, this study provides solution by developing website on goods price and information



References: [1] Waters, S. 2013, “Retail pricing strategies”< http://retail.about.com/od/marketingsalespromotion/a/product_pricing.htm> [2] Hayes, M. 27 December 2012, “10 best comparison Shopping engines” [3] Brown, G. 2008 - Available: www.salescircular.com [4] Zack, J. 2010 Available:www.consumerworld.org/pages/price APPENDIX 1

You May Also Find These Documents Helpful

  • Satisfactory Essays

    In the essay ‘’Shopping Around’’, Aniko Hencz mentioned that to decide whether shopping online is better or at stores is better depends on the preference of people’s need which include service, pricing, and convenience. For instance, when buying a camera, people have various choice which would not br limited by nation when shopping online. On the contrary, buying at stores have fewer options for people. Secondly, shopping at stores can provide knowledge in different fields by salesmen. However, the information that provide on line is limited.…

    • 161 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    In this case, Blake Ives, the CEO of Upscale Markets, was at a crossroad of whether start to build an online store to seek further growing profit. Upscale Markets was a seven-store local grocery chain in Dallas, TX. Ives was inspired by the huge success of a virtual store project in subways running by Tesco named Home Plus in Korea. They showed the products visually by using monitor in subways and allowed people purchased items and got delivered by simply using their phone to scan the QR code under the item. Ives gave a call to his friend who was enjoyed online grocery shopping for a few years named Cantera. Cantera gave Ives many advantages through his experience on Rice Epicurean. Camtera said that he save a lot of time on grocery shopping and finally get rid of this burden. Rice Epicurean had two ways for online customers to get their purchased products. Based on the system provide by MWG, they could prepare the in store pick-up and home delivery. Benefited form the on-line shopping system, many grocery stores gain huge profit and earn lots of market share. MWG could easily implement this whole system within two weeks to forty-five days according to the situation of the specific store. However, even though online shopping would bring customer increase and purchase increasing pre customer, still, there would be potential risk on implement on-line shopping system. For example, how to fit the tastes of customer of foods to gain customer satisfaction? How to dealing with the additional request of customer whether it is reasonable or not? Moreover, facing on the dot-com meltdown of 2000-2001, many giant online shopping…

    • 1290 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Gilb Essay

    • 541 Words
    • 3 Pages

    The advancement of the technology and the rapid raise of the social media have revolutionized the life-style. The boom of E-commerce has taken the whole World by the storm, and as a result people all over the globe are entertaining the idea of the online shopping. With the internet reaching at the every door step, the trend of the online shopping will only increase. As the conventional shopping is the timing consuming task and requires whole lot of effort, people are more open to buying on the web. With the blessing of the internet, consumer can avoid all sort of the trouble and buy just on the click of the button.…

    • 541 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The purchasing goods & services have throughout the years begun to lead to a new perception of consumer relationship and in ways businesses conduct their operations. Not only is a business concerned with the buying and selling of goods & services but to further maintain that relationship with their customers to correlate between both parties. As this being the prime functionality of businesses, each business must differentiate themselves with other businesses offering different and wholesome services, which overwhelms their competitors, thus adding their own individualistic value to the marketing system. This is clarified by two different company’s, David Jones and Scorptec, where their conduction of operation is distinctive which is stipulated by the consumers that suit different lifestyles and shopping behavior. The different characteristics of retail stores and online retail stores cater to consumers in the significance of explicit values and benefits.…

    • 852 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Nowadays, online shopping is developed widely and popularly. People are more and more familiar with shopping online. However, many people often go shopping in stores. Especially on weekends, many shopping centers and malls are still crowded by people. Comparison between online shopping and in-store shopping shows that each of them has its own advantages.…

    • 562 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    hi Value case analysis

    • 2098 Words
    • 7 Pages

    Although Hi-Value Supermarkets offer the highest level of convenience, there prices are overall are the highest as well. Residents of Centralia prefer lower prices because according to the U.S. Census held in 2000, the median income was 36,000. It is understood that price is the most important store determinant for the residents, which poses a problem for Hi-Value. The major question described in the case is whether or not Hi-Value should implement a low-pricing strategy. With the examination of Hi-Value’s current situation, it is evident that their future falls in between several courses of action that…

    • 2098 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    So in this recent context most of the people are so busy that they can’t afford time for look around the things they needed. So basically they look on internet and compare the price and try to purchase the product. So it is important that we are facilitating our customer with on line retailing services. Basically, online information of product, price, delivery service, discounts policy in online shopping and more. Apart from that price of imports from suppliers, competitor’s market price and exchange rate should me also…

    • 1816 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    Easy Day

    • 753 Words
    • 4 Pages

    2. Price - The main theme of our retail store is its competitive pricing strategy which proves to be lowest in segment and promise to fulfill required needs at lowest cost to consumers. We did one survey, where in we found out that the customer wants the best quality at the best possible price. Customer’s shopping list is generally made before visiting a retail outlet, an approximation is made by the consumer of what…

    • 753 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The Desired Strength of Cement Hollow Blocks Using Ground Plastics with Silver Lining as a Material…

    • 2372 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    When one decides to make new purchases rather it is for a new television, birthday, or Christmas it must be decided how. Does the person go online or into a store to make this purchase? Making the decision to go into the store can be a normal form for others, while some very seldom make it out any more. Education on store shopping could change the mind of an individual. Even with all of the convenience of online shopping, in store shopping can be cheaper as well as boost the economy.…

    • 1121 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Electronic Mall

    • 1378 Words
    • 6 Pages

    By the increase in the internet usage in different aspects of today’s life, the amount of creative and innovative ways to utilize the electronic world have eventually increased. It is easy and popular among the users to use search engines as a method to gain access to a specific product or service. However, while using the internet for their shopping, they may face difficulties regarding to lack of enough information about the product or service they are looking for, such as the specifications, alternatives, vendors, quality, price list, etc. This is where the market opportunity for electronic malls (e-malls or Cybermalls) lies. Electronic mall is a collection of electronic shops gathered together via a single-point-of access website (Turner, 2000). E-mall can also be known as a web site that displays electronic catalogs from different suppliers and vendors, and charges commission from them for the sales revenue brought by the e-mall. The stores in the e-mall are usually linked together through a common category or relevance such as brands, industrial sector or even payment methods.…

    • 1378 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    PPF ShoppingTool Rasmy

    • 1944 Words
    • 7 Pages

    Nowadays shopping is very crucial effort done every individuals. People desires and needs are endless, although it updatable day to day. Hence moving with day by day busy schedule, people wouldn’t have idea about where is the exact place to buy their required stuff available. By this time, to a particular shopping item have around one to hundred branded products. Therefore choosing the genuine item for best price is truly challengeable. Also concerning modern business methodologies such as promotions and advertisements are enveloped unexperienced consumers into their products, finally fresh consumers bind to one product blindly. Wherever the term business exists the chances of fraud also conditionally exists. Because of high competition every vendors trying to be smart via variety of tactics. So there are possibilities on unreliability. Despite such issues how a consumer find the appropriate required shopping item and knowing the best price, where and how to get it with the condition of reliability. The same situation happening to APU students and staffs. One of the solution is to this issue, which can be getting best price with reliability for shopping items is knowing the product information via own community. Obviously we…

    • 1944 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Case Study Of Cang's Inc

    • 3543 Words
    • 15 Pages

    Grocery stores serve as community anchors. They create jobs and provide a source of basic necessities like food and water. Therefore, with this in mind, it is essential for every possible consumer to be aware even with tiny details. In this study, the reporters compared two of the most frequented grocery stores in Dumaguete. According to the research, Lee Super Plaza is superior compared to that of Cang’s Incorporated. Firstly, this is due to the prices of the products, Cang’s Incorporated has better prices, but sacrificed quality along with it. On the other hand, Lee Super Plaza sells…

    • 3543 Words
    • 15 Pages
    Better Essays
  • Best Essays

    Cobone in Qatar

    • 5050 Words
    • 21 Pages

    In today’s world retail industry has become a significant worldwide market expanding it through various channels reaching to customers, meeting their demands and eventually completing the supply chain cycle. In this modernized world, customers are more educated about products and services, thus before buying a product they derive the benefits and the value that company offers. The growth of the Internet users has considerably grown at larger scale and thus has influenced many of them to retail through this electronic resource. Thus, online retailing is one of the flourishing channel for retailing industry and has become one of the most (prospering) channel. It has become a convenient channel for customers to access variety of products available online, their brand awareness, information of the products how compatible they are and many other factors.…

    • 5050 Words
    • 21 Pages
    Best Essays
  • Satisfactory Essays

    Shopping malls are the important part of lives of some people in today’s era. An essay on shopping mall all the benefits of a shopping mall. The shopping malls are the places that are packed in weekends. The malls of today’s world are huge and provide all the products that a man desires as a source of entertainment. During weekends people come with the families for shopping and fun in the shopping malls. There are large in size with hundreds of shops. If one enters a shopping mall, he/she can get each and everything from household products to eatables in the same mall. These shopping malls attracts huge youngster crowd towards them…

    • 474 Words
    • 2 Pages
    Satisfactory Essays