The average turnover of the majority of these units is small with less than 40,000 pairs being manufactured yearly by an average unit. As these products are also priced lower with squeezed margins, it’s no wonder that 75% earn less than Rs. 4 lakhs per annum for sustaining their familes. For their financing requirements, these informal leather footwear manufacturers mostly avail of non-institutional finance, especially friends/ relatives groupwith hardly a few going to moneylenders/ traders/ agents/ chit funds. The survey prominently brings out the leather footwear manufacturers almost complete reliance on 2 marketing channels: traders/ agencies and private partieswith less than a thirddirectly selling to consumers.
A year ago, HP needed to record the estimation of the Compaq exchange name by $1.2 billion due in extensive part to declining PC deals. Yet the PC business is only a little piece of what HP does, speaking to fewer than 30% of income and under 10% of section profit from operations last quarter. By difference, while Dell has been attempting to expand into administrations, programming, organizing, and other development zones, PC deals still speak to a large portion of the organization 's income, and around 25%-30% of profit. Subsequently, Dell has a considerable measure more to lose from the
Film becomes a commodity, as opposed to an art. And as film loses cognitive and emotional value, it diminishes in monetary value as well. People do not want to spend money on something that is simply serving as mindless entertainment for 90 minutes, thus the film industry is thrown into a vicious circle. Consumers do not want to spend money to see a movie, so they obtain it illegally, which results in studios not bringing in enough revenue to support filmmaking, thus causing the production of brainless comedies or brand laden, borderline advertisements. We are then led back to the start of the circle, wherein consumers refuse to spend their money on these lack lustre
Promotion focused more on the specific features of individual brands. Growth in the market of personal computers has slowed and the industries profits have begun to fall as the market becomes more and more competitive. The competition and dropping profit margins have driven many computer dealers out of business. At this stage, the successful new introductions in the market tend to niche products oriented toward specific segments, (e.g. lightweight laptop computers, engineering workstations specially designed for high speed computations, tablet computers that recognize handwriting, etc.)
Music was meant to unwind and relax to the idea of commercialization of the industry is slowing leading to its downfall, even within the industry itself politics run rampant. An actual musician with talent and who can play an instrument for his moneys worth may not even get a shot because now a days the music industry requires you to bring some capital into the industry, research has also shown that the artist singing in the song is in fact done by a behind the scene talented musician, he couldn’t be seen on the screen because he didn’t have the face for it, since when did music become about how a person looks? In today’s scenario we can anybody become a pop sensation regardless of what your potential maybe as now a days talent can be borrowed or bought. The music industry seems to deviating from the truth of what is actually ethical and what is right the truth is bent according to how they want it to be seem or how ethical they seem to be
It lowers the availability of such employees and hence the stores face shortage of employees. This also stops the stores from expanding to the lower tier part of society. This means companies may need to spend more hiring time and make stronger investments in training. CUSTOMER SERVICE MANAGEMENT They provide customer satisfaction mainly through their service. Its stated goals of serving customers better and growing relationships are noble, but many initiatives have been predestined for failure by lack of focus and lofty expectations.
The competitive edge of Nordstrom being successful was based on its superior customer service. This service included writing thank you notes to customers or retrieving desired items from other departments and many other exceptional things but the hours spent to maintain this service was not a part of salespeople´s evaluation i.e. SPH. The SPH ratio discouraged spending time on delivering customer service because every hour spent on that means losing time to achieve sales. For example, a sales clerk who is very concerned with serving customer and thus helps to retain customers will come off badly in term of his SPH ratio compared to a colleague who is only focusing on sales and doing badly on customer service.
By offering employees benefits such as reasonable schedule flexibility that allows them to balance their work and family life, performance-based incentives and traditional benefits such as paid holidays or sick days, companies are able to reduce their employee turnover rates. The extent to which a company will go in order to retain employees depends not only on the costs of replacing its employees, but also on the company 's overall performance Generally, the following reasons are accountable for absenteeism at work: 1. Nature of Work: When work is tough and monotonous in nature, the workers get tired physically and mentally. So he frequently remain absent without information to the employer. 2.
This has led to higher rates and thus scaring consumers away. Also, it’s notably that plus-size consumers don’t shop that much, this is unlike their modest size consumers who regularly go on a shopping spree. This has indeed affected investment in this
In addition, online shopping makes home shopping achieved, and it reduces the cost and makes shopping more efficient. However, fake goods and network fraud become a serious phenomenon in online shopping. By contrast, offline shopping is safer than online shopping, and it can increase sales in combination with offline activities. But it is not popular like before. Because of the high price, many people give up buying goods from offline shops, and the high cost adds many offline stores’ burdens.