How can retailers use the given approach for store planning

Assignment Help Business Management
Reference no: EM131285788

Ethics in Commerce

The attributes that often influence supermarket choice decisions. Nine frequently cited attributes are:

1. Low prices
2. Choice of national versus private labels
3. Ease of parking and loading
4. Fast checkouts
5. Produce quality
6. Convenience (including hours, location, ease of entrance and parking, ease of finding items)
7. Services (including credit, delivery, return policy, and guarantees)
8. Store personnel (including helpfulness, friendliness, and courtesy)
9. Advertised "specials" in stock

• For your assignment you are to rank these attributes in order of importance to you. After ranking them, take the most important attribute and assign it the value of 10, take the second most important attribute and assign it the value of 9. Continue to do this for your top five attributes with your fifth attribute getting a value of 6.

• Now visit two brick and mortar stores of your choice and assign a value (1 being very poor, 10 being very good) to the stores' performance on your five attributes. Multiply your rank value by their performance value for each attribute and sum the total. Identify the two stores in comparison, Is the store with the highest total points your favorite? If not, why is there a difference? How can retailers use this approach for store planning? Should the retailers offer surveys, employ secret shoppers, what would you do? In addition, what would happen to the comparison if more attributes were used? Please Explain.

The requirements below must be met for your paper to be accepted and graded:

• Write between 750 - 1,250 words (approximately 3 - 5 pages) using Microsoft Word in APA style, see example below.
• Use font size 12 and 1" margins.
• Include cover page and reference page.
• At least 80% of your paper must be original content/writing.
• No more than 20% of your content/information may come from references.
• Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
• Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.

References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.

Reference no: EM131285788

Questions Cloud

Can you purchase online from each website : Can you purchase online from each website? What is the buying process? Can competitors gain anything from looking at these websites? What is missing from these websites that you feel should be on them?
Text and find a source on the topic : Select any one of the legal consideration headings in the Foley text and find a source on the topic. Write a short article summary with an APA reference of the source.
Explain the value that professional nursing organizations : Explain the value that professional nursing organizations have in networking and in the legislative process. Provide a rationale for your response.
Assigned to the company ending inventory : Francine company's ending inventory is composed of 50 units that had cost $20 dollar each and 100 units that had cost $14 each. If the company can replace all 150 units at a cost of $16 each, determine the value that should be assigned to the company..
How can retailers use the given approach for store planning : How can retailers use this approach for store planning? Should retailers offer surveys, employ secret shoppers, what would you do? In addition, what would happen to the comparison if more attributes were used?
Price elasticity of demand for a product : A. Assume that a product has an elastic demand. Explain what will occur to the firm total revenue if the price of the product is increased. B. List and explain three (3) factors that could impact price elasticity of demand for a product.
A bond indenture is : A bond indenture is
Compute the unit product cost under variable costing : Kyle Corporation produces a single product and has the following cost structure: Compute the unit product cost under absorption costing.  Compute the unit product cost under variable costing.
Consider the challenges of providing health care : Consider the challenges of providing health care in underdeveloped countries.Conduct research in the Walden Library and other reliable resources to determine strategies being used to address these challenges.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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