In: Economics
Not more than 250 words for each Question ,
1.Let’s say you are running a pet store (similar to Pet Co. but instead we’ll call it Pet Inc.). Right now you just have a retail business aimed at selling typical household pet products like dog food and cat litter etc. What is an area of value-generating diversification you can expand into? Be specific as to why you think this is value-generating. What could be an example of a value-destroying area of diversification?
2.In 2008, Under Armour introduced their first athletic shoe in an attempt to capture some of the athletic footwear market. Until this point, UA primarily manufactured and sold sports apparel. Two weeks before the scheduled release of UA’s shoe, Nike responded by releasing a similar shoe at a price point $10 cheaper. Given what you know about competitive dynamics, how could you have predicted that Nike would respond so quickly and aggressively?
3.Three elements to this question. Choose a business with which you are familiar. First, briefly describe its business level strategy. Then describe the business’ primary value chain? Finally, what are one or two distinct activities at each section of the value chain that support the overarching business-level strategy?
4.Suppose in your town there is only one hairstylist that usually charges around $60 for a woman’s haircut. While that is a bit above average in price, the business has great reviews because the stylists are well-trained, are very creative, and they have great customer service. After doing some market research you determine that there is room in the market for another styling shop in the area. How would you compete with this other shop? Meaning, what would your business-level strategy be? Try to be specific and highlight the factors that drive your chosen strategy.
5. There have been a lot of interesting stories lately in the business press about the US retail industry. Most analysts agree that the industry has experienced significant changes. Think about what the industry might have been like about 20 years ago (~year 2000) versus how it is now. How do you feel the industry has changed in relation to Porter’s Five Forces?
1 ans
Hen patties, grain-free kibble and animal carriers fill an
eight-shelf floor-to-ceiling display in the back of the register at
Rock canine & Cat.
Regulars dash into the small Eagle Rock pet store to pick up
healthy canine treats or feathery cat toys. They chat with owner
Peter Berman and pet Vinny, the shop's greeter dog.
"i'm continually looking for anything that incorporates larger
meals nice and peculiarly raw food," stated Jennifer Erholm, who
has three cats and one canine. "I do not have kids, so let's
consider they're very essential."
Pet stores: in the may just 12 trade section, an article concerning
the progress of independent pet outlets mentioned that PetSmart
Inc. Sales is projected to reach about $6.6 million for 2014-2015
from about $5.Four million in 2010-2011, and that Petco Animal
presents Inc. Sales will develop about $three.2 million this year
from $2.7 million in 2010, in step with estimates from market study
corporation IBISWorld. Those figures should have been in billions
of greenbacks.
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impartial retailers reminiscent of Rock canine & Cat are
thriving as pet possession rises, and dog and cats more and more
are obvious as family contributors.
Such outlets have survived the growth of huge-box manufacturers
PetSmart and Petco as well as different locations to buy pet
merchandise, akin to supermarkets and on-line carriers. And they've
weathered purchasers' submit-recession reluctance to spend.
The pet retailer industry is projected to generate $17.5 billion in
earnings this yr, a just about 20% broaden over 2010's $14.6
billion in income, consistent with market research corporation
IBISWorld.
Despite the fact that greater than half of of that revenue comes
from PetSmart and Petco, the enterprise can be outlined by using a
huge quantity of small outlets.
answer-4.
i’m fortunate that i've very thick and, for probably the most part, healthy hair. But it surely does come with a trap. If i don't keep my mane in examine, it may well begin to have what I call the mushroom outcome. It starts to burst out on the aspects and emerge as tremendous and puffy in all of the unsuitable approaches. Having a depended on hairdresser to capture it earlier than the poof is critical.
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You should speak about what shampoos you use and styling aids. How much time you need to spend for your hair and your relief ability with styling. It's predominant to comprise any chemical services that you've had. Despite the fact that it used to be over 1.5 years ago. If your hair is beneath your shoulders then it nonetheless has these offerings ultimate in the hair. That is extra most important if you are going to be receiving a chemical provider.