Distribution of the product and pricing strategy

Assignment Help Operation Management
Reference no: EM131230960

Our company name is Himalay Craft Rugs. We are going to import rugs from Nepal to USA. Our main vendor is Kumari Enterprise Inc. It is one of the most popular carpet manufacturers in Carpet industries in Nepal. Kumari Rugs are manufactured by Tibetan and Nepalese artisans in Nepal and designed by innovative American designers. Kumari Enterprise Inc. has a combined 70 years of experience in the Tibetan rug industry ("Kumari Enterprise Inc," 2016).  The rugs are meticulously handcrafted using Himalayan virgin wool and other natural yarns such as silk, hemp, aloe, and bamboo. The yarns are also hand carded and hand spun.

Though there are many Himalayan rugs distributors here in the U.S. and Europe, product of Kumari Enterprise Inc. brings an affordable piece of art from the Himalayas that will decorate US customer’s home. They can even specify their own specific sizes, shapes and the types of yarns they want in it. Our target is market the product as exclusive decor product for middle class and upper class of people in the USA.

Describe the market(s) in which the product is to be sold

1. Distribution of the product

a. typical retail outlets

b. Product sales by other middlemen

2. Advertising and promotion

a. Advertising media usually used to reach your target market(s)

b. Sales promotions customarily used (sampling, coupons, etc.)

2. Pricing strategy

a. Customary markup

b. Types of discounts available.

Reference no: EM131230960

Questions Cloud

Structural decision and resultant separate activies : This is an important structural decision and resultant separate activities need to be coordinated and integrated back together as a whole so the business functions efffectively. This is designed to check systematically and continuously whether the pr..
Frequency the most important factor in media selection : Under which of the following conditions is the frequency the most important factor in media selection? Which component of a marketing audit includes major developments in income, prices, savings, and credit that affect the company?
Marketers need to identify the hierachy of attributes : Marketers need to identify the hierachy of attributes that guide consumer decision making in order to understand different competitive forces and how these various sets get formed. This process of identifying the hierarchy is called_______. When perf..
Lean and efficient operations is pursuing what strategy : A company that attempts to lead its industry in price and convenience by pursuing a focus on lean and efficient operations is pursuing what strategy?
Distribution of the product and pricing strategy : Our company name is Himalay Craft Rugs. We are going to import rugs from Nepal to USA. Our main vendor is Kumari Enterprise Inc. It is one of the most popular carpet manufacturers in Carpet industries in Nepal. Distribution of the product and Pricing..
Missteps to be avoided in pursuing differentiation strategy : Discuss the market conditions when a low-cost provider strategy becomes increasingly attractive for a company to use. What are the common missteps to be avoided in pursuing a differentiation strategy?
Conducive to effective strategy implementation process : Discuss cultural traits that are not conducive to an effective strategy implementation process. Why is it important to establish objectives at all levels of an organization? Explain one approach a company may undertake to improve the prospect of its ..
Proposal entails-timeline-expenses-labor and approvals : After you, have chosen the topic for your Long Report Proposal, write a formal memo explaining in full what your proposal entails (timeline, expenses, labor, approvals, permits, licenses, fundraising, etc.). Indicate in your memo how you plan to rese..
Define customer specifications and customer expectations : Define customer specifications. Define customer expectations. Describe the long term effects of a dissatisfied customer on a business.

Reviews

Write a Review

Operation Management Questions & Answers

  Explain how the practical rule discussed practical rule

Suppose you are an accountant for a large publicly traded company. You discover an error in the financial records that makes the company look more profitable. Explain how the practical rule discussed in the textbook would be applied to this situat..

  The passage of the wagner act

The passage of the Wagner Act of 1935 and the creation of the NLRB provided the first legal means for holding employers accountable for at least some of their disciplinary decisions and actions.

  Why is ge so interested in reverse innovation

What are the similarities and differences between GE's traditional innovation and reverse innovation. Why is GE so interested in reverse innovation

  Functions and responsibilities of an operation manager

Discuss how Operations Management strategies, techniques and systems have evolved in response to these driving forces.

  Summarize the practice of contract administration

Summarize the laws and regulations that affect labor relations.

  Explain how each it project listed

Explain how each IT project listed above specifically improves and/or supports the business.4. Make a list of five ways that Bill could protect the data and systems that he is going to put in place

  What is the workstation cycle time required to produce

What is the efficiency of your line balance, assuming it is running at the cycle time from part - What is the workstation cycle time required to produce 1.000 units per day?

  Describe six components of the organization

Choose an organization delivering goods and/or services globally. Provide a background of the organization and fully describe six components of the organization's supply chain. Examine the potential problems related to each of the components descri..

  Actual construction of the bridge superstructure

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached where the first two activities have been totally completed and the third..

  Purchasing department and has empowered suppliers

Through a program called __________, Bose Corporation has eliminated a large part of its purchasing department and has empowered suppliers to write their own purchase orders.

  Complete the strategic issues section

This week, you will complete the strategic issues section for the company you selected, and the swot you prepared. Please let me know asap if you have decided to use a different company than the one you picked. Click here for a "fill in the blanks..

  What is sustainable development

Several factors affect sustainable development with the key component being natural resources that are both renewable and non-renewable. What is sustainable development? Discuss the factors that influence the viability of sustainable development with..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd