What are global retail categories? Describe these categories giving examples
What will be an ideal response?
The categories for global retailing can be visualized in the form of a matrix. One axis of the matrix represents private or own-label focus versus a manufacturer brands focus. The other axis differentiates between retailers specializing in relatively few product categories and retailers that offer a wide product assortment. IKEA, Benetton, and Gap fall under quadrant A, which contains global retailers with a niche focus as well as an own-label focus. In quadrant B, the private-label focus is retained, but many more product categories are offered. This is the strategy of Marks & Spencer whose strategy, Michael private label, is found on a broad range of clothing, food, home furnishings, jewelry, and other items. Retailers in the upper right quadrant offer many well-known brands in a relatively tightly defined merchandise range. Such businesses include Toys "R" Us, Virgin, and others. These types of stores tend to quickly dominate smaller established retailers by out-merchandising local competition and offering customers superior value. Carrefour, Walmart, and Promodes and similar businesses fall in the fourth quadrant. They offer the same type of merchandise available from established local retailers. Thus, there are different strategies that can be followed based on different criteria.
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Auditors may prepare program flowcharts to verify the correctness of program logic
Indicate whether the statement is true or false
The aggrieved party--the one calling the pinch--calls a meeting and explains his side of the conflict. The second party--the alleged offender--then repeats what the first party said so to get the message clarified.
What will be an ideal response?
Warren Buffett, the famed stock market investor, recommends
a. buying only when you can calculate a margin of safety based on current assets and earnings b. only buying stock in companies that make products you understand c. fast action and acting on intuition to avoid “paralysis by analysis” d. both “a” and “b”
When a company uses the allowance method to measure bad debts, ________
A) the Bad Debts Expense account is debited when an account is written off B) the amount of bad debts expense is estimated at the end of the accounting period C) the Allowance for Bad Debts account balance is added to the balance of the Accounts Receivable account to arrive at the net realizable value D) the Allowance for Bad Debts account is debited when the bad debts expense is estimated