2. Norton Co., a U.S. corporation, sold inventory on December 1, 2011, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: For what amount should Sales be credited on December 1? A. $5,500.
Beal (2004), said that “Convincing senior management of the value of a loyalty program requires organizations to get their data in order. Customer loyalty programs collect massive amounts of data but many companies aren't using it. Customer loyalty data provides insight into both share of wallet -- or customer penetration -- and lost customers.” This is where you must take the data collected and be able to separate the sales that are repetitive and the sales that are impulse buys. While we all love impulse buys, this is only a margin of the metric used to understand what and why your customers will come back. Larry Goldman (2008) explains that, “Your definition of a loyal customer will determine how you measure the success of your loyalty program.
M3 - Explain the ways in which sales techniques and customer service have developed in retail organisations. In this task I will be explaining the ways in which sales techniques and customer service has developed in retail organisations. The organisations which I have chosen are Sainsbury’s and KFC. These contrasting business provide customer service, but at different levels and standards. Firstly, Sainsbury’s have a number of different sizes of payment points in stores which customers can use to pay for their shopping.
All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2 are: January, 1,500 units,- February, 1,600 units; March, 1,800 units; April, 2,000 units; May, 2,100 units. 2. Management wants to maintain the finished goods inventory at 30% of the following month's sales.
Your shoppers must always be able to find these necessity items in stock whenever they are needed. These much needed products include household cleaners, health and beauty items, paper products and food items. As the current market structure of the dollar general store is important we look at the effect of government regulations. As seen in the last couple of years, DG has started offering advanced in-store services to their employees which in turn is passed to the consumers. However, more services can be added to attract consumers the best thing any business person can do is to get familiar with the country that you’re targeting.
Wal-Mart mainly focuses on the role that the retail plays in the employment dynamics, especially wages, job error. Wal-Mart wage concern for new exiting workers and developments of jobs turnovers are affecting by each Wal-Mart store. The different things led to the control of other factors that led to decline retail business. The second variable for Wal-Mart the treatment of entirely absent in work performed through the 1990s. Hicks and Wilburn (2001) evaluated Wal-Mart entrance decision by testing on a contemporaneous and lagged growth variables.
are ways to give the consumer a choice on how they want their shopping experience to go. With all the people that embrace these new technologies, there are many who would rather do business the old fashioned way, without all the bells and whistles. For this reason, companies need to accommodate all types of consumers and be sure that the technologies do not overwhelm the product. Inventory control is another important role for technology to have a place in retail management. Software that can help stores understand why they seller don't sell are important to keep costs low throughout the company.
e. “Every week 150 million people walk within 10 feet of one of Redbox’s 20,000 locations. “(C-105) 2. Low rental prices. 3. Growing consumer awareness of Redbox Functional strategies • Operations/Production o Disbursement of the library titles adequately to all location.
One of the obvious strengths to the REMS is how neatly organized everything is. All of Kudler’s accounting and finance information is stored under a different module so it is easy to find. There can also be several weaknesses with the REMS. One weakness is that there can be some difficulty with cash purchases. The Kudler stores purchase locally grown produce in season and the growers insist on being paid in cash.
Sincerely Yours is a small shop that has only a few employees. I have noticed while shopping here for some time now that there are two employees at a given time that seem to work together and communicate efficiently in order to supply the customer with the best service possible. One employee will run the register while the other will wander around the store and help the customers shop or guide them in the right direction of what they are looking for. Business Commerce is the process in which people will exchange products, goods, and services. These items are items that the consumers are asking for and are in a high demand for which brings us into the store to shop or even browse because we know that there is always some new merchandise that is put out.