What kind of products are user going to sell through this online store? (Physical, or Downloadable or both)? Once the client finds out the answers of these question he can contact any web development firm regarding the development process of his/her online store through wordpress.There are really 3 components that make a “regular” website an “ecommerce” website: product pages, shopping cart, and a checkout process. Now let us discuss the detailed process of wordpress ecommerce store development: This process requires the setup of wordpress in the local environment of the web developer. Once this is done, the developer needs to install the woocommerce plugin from the plugin directory of the wordpress.
This occurs only if the level of satisfaction is to remain the same on an indifference curve. Indifference curves are convex to the origin which shows that there is a diminishing marginal rate of substitution. As more units of one commodity are consumed, less of the other will be consumed. Indifference curves do not intersect as this would make the consumer indifferent. A higher indifference
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This is very necessary when you think about branding. All successful companies have a brand statement or a greater purpose and each detail in a product’s packaging should provide a true connection to that greater purpose. In this case, it could be either true Starbucks fan or Oatly- which offer vegan and dairy free products for people who love coffee but don't want have milk. The design of the products has already proven itself. The logo is big and bold with the brand name.
This would allow Ba-rilla to be more responsive while ensuring that they meet the desired intent of reducing the distributor’s inventory holding. Furthermore, Barilla could offer strategic partnerships with distributors who are willing to share the possible risk of some inventory holding. According to Wei & Fung (2004), demand fluctuations leading to stock-outs not only leads to costs and losses, but can also lead to severing of the business image when “urgent” orders cannot be delivered. In sum, this relationship would be beneficial to all parties as it would lead to im-proved customer satisfaction. Finally, Barilla must convince the distributors that their data would be secure.
One way to get competitive advantage is through Cost Leadership. This means that one can gain advantage by simply selling a product or a service at a reasonably low price, a price that you can handle. Information System can help a business gain this advantage easily. As Dr-Othman Alsalloum , who Working at King Saud University, stated, “Use information systems to achieve the lowest operational costs and the lowest prices.” Wal-Mart is an example of this competitive advantage; it has lower prices than any other market. The reason behind this is that they use Information Systems to maintain efficiency in their supply chain.
Web design is designing and graphical representation of the content shown on the internet in the form of web sites. Web design also includes other web applications in the forms of media. Web design should create a strong branding for the company by building a custom website tailored to meet the needs of the company. Website design is the process of collecting ideas and arranging and implementing them visually guided by a set of principles. End users can access the website through the internet with the help of a web browser.
Differentiation is when a store provides a product or service that is so unique, the customer can’t find anywhere else to acquire that product or service. Last and definitely not the least is Personalization. Personalization is when you allow customers to customize their product, service, or web content according to the customer’s preferences. Consumers like differentiation and personalization and would love to pay more for them. When you sell a unique product to customers, there is a low chance for that product to have a substitute.
Therefore, Colgate continues to improve its products through innovation and customer satisfaction by setting prices by taking into consideration the price set by its competitors. In the same wavelength, there are certain existing Pricing Strategies that Colgate- Palmolive Company uses. Penetration pricing is a pricing strategy where the price of a product is initially set low to rapidly reach a wide fraction of the market and initiate word of mouth. The strategy works on the expectation that customers will switch to the new brand because of the lower price. Penetration pricing is most commonly associated with marketing objectives of enlarging market share and exploiting economies of scale or experience.
This makes consumers satisfy with the online shopping because they can buy goods with lower prices without spending extra energy to shop many shops. Next, delivery time is also affecting consumers’ satisfaction. According to Lee and Joshi (2007); Ahn et al. (2004); Ho (2004); Grewal et al (2004) and Shih (2004) studies (as cited in Anggreany, Indriani, & Kusumawati, 2005, p.73), customers’ satisfaction is influenced by the delivery services. Consumers are more satisfy if their products are delivered on time and the quality is good, such as unbroken