P1 Describe the structure and organisation of the retail sector M1 Compare the function of formats and locations in retailing 1. Retailing Defined “The sale of goods to ultimate consumers‚ usually in small quantities” Source: www.dictionary.reference.com “The activities involved in the selling of goods to ultimate consumers for personal or household consumption” Source: www.merriam-webster.com Retailing is the selling of goods directly to the consumers; this can be achieved in many locations
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Department Profiles Virgin Australia is an incredibly diverse and multidimensional company that genuinely believes that its people are its greatest asset. So that you can make a self-assessment about whether or not your knowledge‚ skills‚ abilities and interests are a good match for our company we have provided a snapshot of the various business functions and some of the typical roles that form a part of each team. Sales The Sales division is focused on generating revenues through promotion‚ sales
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code sharing agreement between Air India and Virgin Atlantic Airlines for the DEL- LON sector. During the last nine months there has been fare wars‚ value added services‚ alliances etc. Suddenly there seems some action in the Aviation Industry‚ where Virgin has acted as a lubricator. There are many other airlines‚ in bid of competition increasing their capacities or increase their flights for the same route. Introduction In the early 80s‚ when Virgin Atlantic was created‚ by Richard Branson was
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A-1 Role of Operations Management a) Operations management refers to all levels of an organisation and how best to efficiently convene‚ fund‚ maintain and maximise its services and/or operations‚ both internal and external. The core goal/objective of operations management it to maximise outputs while reducing and minimising the inputs required to achieve the desired results. Whereas Production management refers to how to best manage‚ organise and control either a product or service that an organisation
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Virgin Atlantic Airways came from an idea taken to Richard Branson by Randolph Fields in the early 1980’s. Original called British Atlantic Airways‚ VAA first flew from Gatwick to Newark with their single 747 on 22nd June 1984. Branson took the torch from Sir Freddie Laker’s Skytrain operation - which had been the pioneer of discounted transatlantic air travel‚ but suffered at the hands of BA’s price war to eliminate the competition. Virgin too didn’t have an easy ride with BA‚ and won substaintial
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Virgin Mobile Paper A Case Study Analysis Presented to: 1 I. CASE SUMMARY Virgin‚ a U.K. based company led by Sir Richard Branson‚ has had a history of brand extension resulting to 200 different corporate entities. One of which is Virgin Mobile which has decided to expand to USA based on their success in the U.K. market. Dan Schulman‚ Virgin Mobile USA CEO‚ is tasked to lead the expansion to the U.S. and has decided to focus on consumers aged 15-29 given that there is low penetration
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The Virgin Queen “I know I have the body of a weak and feeble woman‚ but I have the heart and stomach of a king‚ and of a king of England too; and think foul scorn that Parma or Spain or any Prince of Europe should dare invade the border of my realm.” These famous words were spoken by Queen Elizabeth I while addressing English troops before defeating the Spanish Armada. Queen Elizabeth I is one of the most iconic British rulers and has become a modern feminist hero. The fascination with Queen Elizabeth
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1. Given Virgin Mobile’s target market (14 to 24-year-olds)‚ how should it structure its pricing? The case lays out three pricing options. Which option would you choose and why? In designing your pricing plan‚ be as specific as possible with respect to the various elements under considerations (e.g.‚ contracts‚ the size of the subsidies‚ hidden fees‚ average per-minute charges‚ etc.). I believe Virgin Mobile has two options. The first option is the obvious for their target market and any new
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Virgin Group Management System Virgin Group is a British multinational branded venture capital conglomerate company founded by business tycoon Richard Branson. Its core business areas are travel‚ entertainment and lifestyle and it consists of more than 400 companies worldwide. I am interested in entrepreneurship and I would like to disassemble the basic rules of Virgin Group management system. Analyze how the managers work and how do they keep profitable such a big company‚ and regulate all processes
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1. The corporate rationale of the Virgin group is to re-entering the inactive industries with brand new ideas and developments and offer the consumer different products. Diversification is an attribute of Virgins rationale. Their SBU’s improve Virgin’s scope and therefore its existing markets and products. Virgin uses the ideas of ‘the corporate parent’ to add structure and direction to its various business units‚ which in turn adds value due to the effective‚ closely controlled and come up to that
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