Question

1) Using Michael Porter’s value chain diagram, explain “if it does not add value, don’t do it.” Can you find examples of people/companies doing what’s not adding value to their customers?

2) How is value in retail defined? What’s Wal-mart’s value proposition? (In other words, why did you choose Wal-mart?)

3) Is selling expired foods a good business opportunity?

Answer 1

2. Retail value is defined as it a value which bears a counterfeit mark which a is trademark which shows that it is a finished product,and its selling price that can be utilised

Walmart Value proposition is that they have innovation in things,committment & leadership given by their service, and they guarantee low prices and customer satisfaction.Walmart creates good supply to the market so that buyers can buy the product in required time.

3. I choose walmart as it has a good deliverey services of the product and they deliver it in the time the promised.The products in walmart is quite cheap and efficient as compared to any other retailer.

Selling goods can be a good business opportunity as it depends if the product is a daily need then its a good opportunity as it will be sold on daily basis.their are customers who are ready to buy expired goods on a low cost also.But selling expired goods can get you a profit and it depends on customer to customer,some customers are wiling to buy it for a low cost.But in some countries expired products are totally a waste as they throw the products once it is expired.