The average applied tariff rate in Australia is 3.5 per cent and the countries tariff rates varies between 0 to 5 percent. The tariff rates in China are at 9.9 per cent and subject to allowable reduction, as per the ‘free’ agreement, to even zero percent. China’s vast population will form a good market for the produced goods from the foreign company. The community will offer the Australian product a ready market and, therefore, assure it of guaranteed returns. A big local market with real purchasing power forms a better investment opportunity than a large population with lower purchasing
Houzit is a national retail brand that is satisfying the home makers ' needs by providing them unique, wide variety of quality homeware products with an easy payment procedure. The mission of the company asserts that the organization is planning to move towards enlargement of its business by ensuring its presence in all the major cities of Australian market by the year 2020. The basic focus of the company is on three parameters: Quality, Unique items and Selection
The Good Guys store is a business that sells all household electrical appliance and each division is managed by a manager for each division of a set electronics it be technology, kitchen appliance or living appliance. The Good Guys is one of Australia’s largest electrical appliance retailers, currently operating 100 stores across metropolitan and regional Australia and online and have thousands if not millions of managers controlling the activities of each department. The Good Guys has won multiple customer service awards, and more recently, the 2015 NORA Multichannel Retailer of the Year, this is due to their competiveness and cheaper prices for their various products and good management skills. The Good Guys have a decentralised organisation
e) Features f) Benefits g) Strengths h) Weakness Selected company’s product features IGA product features is very high quality which is made with latest technology Competitors product features Coles product features is manufactured in mass production which the product is made with quality material Selected company’s product benefits IGA have a very competitive price on the products for the consumer which is sold in reasonable price which makes cheaper for the low-income earner Competitors product benefits Coles product is always available in limited quantity is easy for the consumers to buy whenever they want Selected company’s product strengths IGA product is made in Australia which give warranty on our products Competitors product strengths Coles product is made in Australia which maintains good quality Selected company’s product weakness IGA got so many competitors which affects the sale of the product and it’s hard to sell old products which the company loses their money on the products Competitors product weakness When the economics changes, it affects Coles product prices which makes the company to sell the cheaper product in half
1. Increase sales revenue and gross profit; and maintain or increase market share Strategy Objectives Activity Responsibility Performance Measure Approved Resources Timeline Marketing Objectives To position Australian Hardware as a provider of top quality, brand name hardware products expert Service at attractive price points Increase foot traffic to 1,000 people per day Increase website traffic to 20,000 visits per day Drive sales and revenue growth in line with financial goals.
SWOT Analysis SWOT analysis is a tool that helps in assessing the Strengths, Weaknesses, Opportunities, and Threats involved in any commercial business. An individual or firm look at the strengths and weaknesses which are in relation to the internal operations of the business and can be controlled by the firm, whereas the opportunities and threats are facets which are exterior to the business and not controlled by them (Kerzner, 2015). A detailed SWOT analysis of our new product, The World of Monopoly, introduced by the organization is as follows: Strengths • The World of Monopoly theme park and resort will be strategically located on Sheikh Zayed Road just after the ever-popular Ibn Battuta Mall, the theme park will also become the
2. Needs and wants of the demographic group: Upgraded technology that can offer a unique experience Compact and easily portable Two in one product 3. How the needs and wants of targeted group are reflected in the marketing mix: The marketing mix reflects the demographic group through the product’s discounted price, promotional bonus gift voucher, advertised as a student’s study tool, distributed by delivery and by personal means and by the products unique features that are wanted and needed by the targeted group.
RESEARCH PAPER – CORPORATE FINANCE Introduction In 1962, the first Walmart store was opened in Rogers, AK. Founded on the principal, “The Lowest Prices Anytime, Anywhere,” offering better prices and services for his customers was the guiding mission of Walmart. By 1967, 24 stores were owned by the Walton’s. In 1970, Walmart was incorporated as Walmart Stores, Inc., and was first traded on the NYSE in 1972, trading at $16.50 per share.
Introduction: Optus is one of the largest telecommunication industries in Australia after Telstra. They are providing the best service in reasonable price. People prefer to buy their product. In metro city has 80% share in the market. To provide service, Optus owns and operates its own network infrastructure, as well as using the service of other network service providers, most notably Telstra wholesale.
JB Hi-Fi is an Australian retailer or seller of consumer electronics, as well as a supplier of video games, Blue-rays, DVDs and CDs either second hand or brand new. It is a chain store which its headquarters are located in Melbourne. https://www.jbhifi.com.au/General/Corporate/Consumer-Matters/ Over the years JB Hi-Fi has grown rapidly beginning from just one, JB Hi-Fi now has two hundred and ten stores across Australia.
Business Name: Dymocks Booksellers Dymocks is the leading bookseller in Australia and is recognised for quality advice, value for money, professionalism and customer service. Dymocks has been franchising for over 30 years and would like to secure the vacant store in the shopping centre. Dymocks’ mission statement is “As a family owned business and the oldest Australian owned bookstore, Dymocks prides itself on meeting the leisure, learning and gift needs of all booklovers by offering superior customer service and an enhanced book buying experience.” Legal Structure Legal structure of a business determines who shares in the profit and losses, how tax is paid and where legal liability rests. The legal structure of Dymocks will be a sole trader.
Operating margin/Return on sales (ROS) is the ratio of operating income divided by net sales or revenue, usually presented in percent. According to gurufocus’ statistics (October, 2015), Costco’s operating margins (3.12%) ranked higher than 53% of the 359 Companies in the Global Discount Stores industry (2.99%). Just like Gross Margin, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions.
State Farm has indicated dependability, keeping up its 12.5% piece of the overall industry from 2011 to 2013, even as the general size of the business sector developed more than 3% every year. In spite of the fact that the organization puts third in the condition of New York, State Farm is the biggest auto back up plan in the nation with a national piece of the overall industry of around 18.5%. It is likewise specified among the best-appraised auto back up plans broadly. Dynamic Dynamic has a piece of the overall industry of around 6.9% in New York on composed premiums of $765 million. Albeit Progressive is a long ways behind the top organizations regarding piece of the overall industry, it has made strong additions.