Also most routes only have one bus provider due to only a limited number being a viable option as there can be only a limited amount of providers therefore it is a natural monopoly. 2. Analyse the barriers to entry and exit in the local passenger market. (12 marks) Barriers to entry or exit is when there are obstacles that prevent new competitors from easily entering or exiting an industry/area of business. The bus market has low barriers to entry due to the ease of offering an alternative service, this is due to start-up costs
The increased access to computers by customers will allow the bank to reach more target groups through electronic communication. The tourism industry is currently growing, which should introduce more capital into the country and should create employment opportunities for locals. As more people enter the country, CIBC will be able to expand its customer base which will result in a positive impact regarding revenues. SWOT Analysis Threats Some customers prefer to do business with our competitors because CIBC 's top competitors may provide unique incentives which certain individuals find to be more appealing. CIBC may be unable to attract certain customers because it currently is in a red ocean market.
Introduction Sterling Bay is looking at expanding its economy even with the little amount of human resources. People from around the world have obtained the capacity in purchasing and traveling. Due to the fact that people from developed urban cities faces busy and hectic lives so they would want to travel to rural areas. With the attractions provided, there will then be a sharp influx of tourists. Along with the suggestions of recreational and leisure activities may help to bring up the economy and at the same it benefits the different generations in Sterling Bay not just economically but also environmentally and in the sociocultural way.
We all, again, buy useless supplies and buy supplies that are a necessity but sometimes many have money just laying around. Instead of spending the money many can save the money in case of a rainy day. Having a day where no one buys anything can open the eyes of many to see how much money can be saved if one just buys goods that are useful. If one saves money but yet want to do something good, they can donate to charities or people that actually need it. Having a Buy Noting Day can help to explain to people that buying nothing can save a wallet
An unmet need or want that Hooters can fulfill is by offering a taxi service for its customers. Hailing a taxi in this market is a daunting task and it is something that could make Hooters stand out from its competitors. Hooters can package their product differently by changing the billboards from a young woman in short shorts and a tight shirt to possibly a family dining with the young girl in the background. This could appeal to the family oriented customer base but also the young male clintel. Hooters can not take advantage of historically low interest rates to refinance debt because they do not have debt.
The combination of retails and entertainment has made it very success. The best stores are invited to be located there. Entrepreneurs are encouraged to open a store or kiosk there. Their location is near an international airport which supports tourists coming to visit. The Mall of America is always changing to try and keep things fresh and exciting.
As the system Stellex used for rooms, revenue and blocks management, (Outrigger 112). It lower Outrigger’s human cost by replace many of human’s job to the use of reservation system; increase the revenue due to the large amount of online reservation guests; and increase efficiency of the work. For the data and information resources part, they collect data down to individual guest folio for analysis, send thank you letters to recurring guests to improve their loyalty to Outrigger. The real-time wholesaler data they collected make a competitive advantage to increase the reservations from them. (Outrigger case 113&114) For the human resources part, Outrigger have 26 full time IS professionals who dealing with hardware support and software support.
Some drivers may also feel they have enough coverage with their insurance policy so they don 't need the extra coverage. While good insurance coverage will greatly benefit you if you 're in an accident, they won 't offer motorcycle towing if your bike just breaks down nor will they bring you gas or assist you if you have a flat. You need the roadside assistance for this type of service. Traveling any distance is unpredictable and the further you go, the more risk are involved. You never know when something will happen that requires your bike to be towed.
The company has started to use online interface to attract more customers and in spite of not offering the online purchases the focus is on strategic promotion of their products when customer search through the offer and create their shopping list. This form of advertising together with other advertising campaigns performed through the local awareness (stores catalogues) and word of mouth attract the required segment of customers on the market (Butler & Bowers 2013). Furthermore the company has realised the importance of the service quality and customer's consciousness of time when shopping and therefore increased the number of employees serving the customers at the checkout points (Graiser & Scott
In addition, open more stores in crowded location, particularly on big cities such as Tokyo, London, Hong Kong. Pop up stores in festivals/carnivals in those particular cities would increase more attention from the customers. Product The product must target on an all age range of the customers with high quality. The company should have product that meet the demand of customers, group product for couples, families, friends would be a great way to increase the production line. The package should provide in eco-friendly way (paper wraps only / avoid plastic wraps).