BUSINESS RESEARCH ON COSTCO WHOLESALE CORPORATION PRESENTED TO: TIM CARROLL PREPARED BY: YUZHEN LIN ID# 122629 CHENGKAI LV ID# 126218 February 14‚ 2014 TABLE OF CONTENTS 1. Executive Summary............................................................................................. 2. Company Analysis 3. Industry Analysis..............................................................................................
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1. How is Zipcar’s business model different from its competitors? First‚ Zipcar has a very user friendly website and app that allows customers the ability to find a car within a short distance‚ choose which model of car he wants‚ and reserve the car. When a car is rented through Zipcar‚ the insurance and gas cost are already included in the rental price. Other car rental companies have centrally located branches that may be far away from the customer and/or difficult to travel to. This is a
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What is competition like in the North American wholesale club industry? Which of the fi ve competitive forces is strongest and why? Use the information in Figures 3.4‚ 3.5‚ 3.6‚ 3.7‚ and 3.8 (and the related chapter discussions on pp. 57-70) to do complete five-force analysis of competition in the North American wholesale club industry. 2. Do all three warehouse club rivals—Costco‚ Sam’s‚ and BJ’s Wholesale—have highly similar strategies? What differences in their strategies are apparent? Does one
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Executive Summary Costco Wholesale in 2012: Mission‚ Business Model‚ and Strategy By: Dian Pertiwi Sulistianingtyas International 64/B Magister Management Faculty of Economics and Business Universitas Gadjah Mada 2015 COMPANY OVERVIEW Jim Sinegal‚ co-founder and CEO of Costco Wholesale that was founded in 1983 has been able to completely driving the company in its 29-year as the American giant retailer. Costco Wholesale‚ a first ever U.S company to reach $1 billion in sales less
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Acct Info for Decision Making Project on Costco Wholesale Corp. Costco Group 2012 History & Background Founded by James (Jim) Sinegl and Jeffrey H. Brotman‚ Costco opened its first warehouse in Seattle‚ Washington‚ on September 15‚ 1983. Sinegal had started in wholesale distribution by working forSol Price at both FedMart and Price Club. Brotman‚ an attorney from an old Seattle retailing family‚ had also been involved in retail distribution from an early age. Wal-Mart founder Sam Walton had
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Costco: Steering Into the Blue Ocean Background: Costco’s first location opened in 1976 in Moreno Boulevard‚ San Diego. Costco was originally named Price Club and later merged with Costco in 1993 by 1997 all the warehouses were renamed Costco Wholesale Warehouses. Costco was a small business but was very ambitious and thus expanded into warehouse clubs. Currently‚ Costco operates more than 663 warehouses and is a global powerhouse. Its total sales have surpassed $64 billion in recent years.
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that Costco’s way of doing research is a unique way‚ indeed it uses its membership concept to gather statistics on its customers that in turn did not involve extensive research. They are put into groups business owners and licensed professionals‚ depending on the job role‚ for instance‚ business owners and licensed professionals which are in one group and this allows them to minimize the risk involved with accepting cheques and makes it possible to understand the customers. Price Club (1990) states
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co Ethics and Compliance Program Costco wholesale follows a very strict code of ethics‚ which are strongly enforced with their compliance program. Costco’s ultimate mission is to provide their members with quality goods and services at the lowest price possible. In order for Costco to achieve their mission‚ they must abide by their simple code of ethics which consist of‚ obeying the law‚ taking care of their members‚ taking care of their employees‚ and respecting their suppliers. Upon success
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Costco Wholesale Corporation Costco Wholesale Corporation - Financial and Strategic Analysis Review Publication Date: 27-Mar-2013 Reference Code: GDRT28577FSA Company Snapshot Company Overview Key Information Costco Wholesale Corporation (Costco) is membership warehouses chain operator. The company’s product portfolio includes sundries‚ hardlines‚ food‚ softlines‚ fresh food and ancillary. It offers two types of memberships‚ namely‚ business and gold star to its customers.
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Marketing Plan Costco Companies‚ Inc. MKT 680 Presented by Jose D. Carmona May 10‚ 2012 1. Executive Summary Costco Wholesale Corporation‚ which began operations in 1983 in Seattle‚ originated the membership wholesale club retail concept. By providing low prices on consumables like fresh foods‚ health and beauty care items‚ high-quality apparel‚ electronics‚ jewelry and other general merchandise‚ the company pioneered the retail concept that encourages members to visit regularly to achieve savings
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