Report Merchandising centres on the buying and selling of goods within a market place and a good merchandising system is essential to the success of any retail business. I intend to focus this merchandising report on Zara‚ a ladies fashion retailer and HMV‚ an entertainment megastore. These two companies have specific buying and merchandising strategies‚ which are tailored to the needs of their products. This report will explore the similarities and differences within each company ’s strategies‚ and identify
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Market-based management: strategies for growing customer value and profitability‚ 2nd edn‚ Prentice Hall‚ Upper Saddle River‚ New Jersey. Dann‚ S. & Dann‚ S. (2004)‚ Introduction to marketing‚ John Wiley & Sons Australia‚ Ltd.‚ Milton‚ Queensland. HMV revised 2005‚ viewed 28 Jul. 2005‚ <http://www.hmv.com.au.html> McDonald‚ M Palmer‚ A. (2004)‚ Introduction to marketing: theory and practice‚ Oxford University Press Inc.‚ New York. Richard‚ L.S Spiller‚ L.D. & Baier‚ M. (2005)‚ Contemporary direct
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TASK 1. a) Explain and analyse external factors affecting HMV. Executive summary HMV Groups markets had experienced rapid change over recent years and have become more competitive and with a diminishing amount of in store sales as consumers choose to use the internet to fulfil their needs. These trends are heavily influenced by celebrities and other social icons as well as advertising and publicity. The main technological development is that of the internet. It has also given rise to competition
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& Structure of Lesson Business Environment • • • • What does the business environment comprise? Use of PEST analysis Influences and drivers for change Glocalization Title of Slides Learning Outcomes At the end of this lesson‚ you should: Understand the nature of the business environment which includes ; • What does the business environment comprise? • Use of PEST analysis • Influences and drivers of change • Glocalization Title of Slides OPENING QUESTION WHERE
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APA citations to support your statements‚ explain what a PEST table is and why it is important to an organization (1-2 paragraphs). Pest Analysis is a frame work that strategy consultants uses to scan the mirco environment in which the firm operates. (Value Based 2013) PEST is Political‚ Ecomonic‚ Social factor and Techonolgies factors. Companies will use this in workshops and it will make the managmenets brainstorm techniques using PEST for strategic plannings‚ marketing planning or development
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PEST ANALYSIS Political- Hong Kong is politically stable‚ there would rarely be any political factors that will interrupt and slow down the company’s growth. Hong Kong doesn’t have goods and services tax so this allows McDonalds to have lower expenses and they can maximize their profit. The international operations of Mcdonald’s are highly influenced by the individual state policies enforced by each government. Economic- The economic collapse has caused Hong Kong to enter the recession stage in
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PEST ANALYSIS Stationary Businesses do not operate in a vacuum. The stationary business world is dynamic and to achieve competitive edge we should need to understand the dynamics of stationary industry and business . Our Organizations face problems from external factors which can affect products‚ policies‚ people and profits. To understand and evaluate external factors‚ we undertake what is called a PESTEC Analysis. * Political factors that affect businesses include new legislation such as the
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of art European air hub at Leipzig/Halle Airport in Germany. In this document I will be covering both a PEST and SWOT analysis of DHL as a company. PEST Analysis of DHL‚ the PEST itself looks into the Political‚ Economic‚ Social and Technological Factors of a company and its marketing environment. Focusing on the internal environment‚ micro-environment and the macro-environment. Using a PEST analysis should always be considered when entering a new market‚ Launching a new product or service‚ considering
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[pic] Westminster International College Module Title: International Economics Programme: BABS Semester: Four Academic Year Period: October 2012 - January 2013 Lecturer: Dr. Kui Juan Tiang Date of Completion and Submission: 17 December 2012 Submission Method: Online via turnitin Assessment Type: An individual type-written assignment Assignment Question: The attached article discussed the risks and rewards of China going global. Critically analyse China’s international
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