ipl-logo

Betterbisnes Vs. Shopify Competitive Strengths

1566 Words7 Pages

In the MESO analysis, we have discussed the competition of all the countries, including The UK. We have determined that the top competitors in The UK are WooCommerce, Magento, Virtuemart, and Shopify. Shopify has the highest competitive score, and therefore we will use this company to compare with. In this chapter, we will compare BetterBisnes to Shopify based on competitiveness, and see how well BetterBisnes performs against Shopify. Furthermore, we will discuss what the threat is of future competition, and explain how BetterBisnes can counter this threat.
Competitive Strength Weights Shopify BetterBisnes Rating Score Rating Score
Market share 0.12 4 0.48 1 0.12
Unique product 0.07 1 0.07 4 0.28
Design & themes 0.06 4 0.24 3 0.18
Support 0.06 2 0.12 3 0.18
Feature extendibility 0.05 3 0.15 2 0.10
Credibility 0.07 4 0.28 2 0.14
Drop shipping service 0.04 2 0.08 4 0.16
Hosting included 0.02 4 0.08 4 0.08
Price 0.08 2 0.16 3 0.24
Easy to use 0.08 4 0.32 4 0.32
Beginner-friendly 0.07 4 0.28 4 0.28
Marketing 0.06 4 0.24 4 0.24
Flexible 0.07 3 0.21 4 0.28
Customer service 0.07 2 0.14 3 0.21
Image 0.08 4 0.32 1 0.08
Total 1 3.17 2.89
Table 4.1 Competitive strength of Shopify & BetterBisnes
We have used the same KPI’s as in …show more content…

The amount you have to pay depends on how the products are classified under UK Trade Tariff. Applying for reduced rate duty is possible for products from specific countries, if you can prove the origin of the products. Claiming VAT and duty charges back or even delaying payments is a possibility for some imports outside the EU. For example, temporarily importing goods to move them to another EU country. Another option of avoiding duty and VAT, could be storing your products in a customs warehouse, where duty is suspended. VAT needs to be paid directly to the HMRC at UK rates. If the products are used for your business, you can reclaim the VAT. The HMRC will send you a form where you can prove you paid the import

Show More
Related
1218 Words | 5 Pages

Britain was finally receiving a moderate revenue from the colonies after putting this act in effect. The act helped decrease the amount of smuggling from American shippers and they were assumed to enjoy the external taxes. There were two types of taxes known as the internal and external taxes. The internal taxes meant that goods within the colonies and the property, such as the Stamp Act, were being taxed on. The external taxes meant that goods being brought into the colonies, like the Sugar Act, were being taxed on.

Read More
520 Words | 3 Pages

In the time 1770- 1790, the American colonies were being taxed on items like stamps, tea, and sugar by Great Britain so they can pay off their debts from the 7 year war. These increase of taxes were called acts, and we will be going into more detail about this soon. Great Britain politically involved with the colonies and gave them outrageous taxes for for reasons. At the time Great Britain has just got done with a war with France.

Read More
595 Words | 3 Pages

The Townshend Duties Act imposed taxes on luxury goods that were imported. Taxes included glass, paper, lead, paint colors, and tea. (Benson Townshend Acts, 2,4) The exact wording is: “For every 112 pounds of crown, plate, flint, and white glass, 4 shillings, 8 pence For every 112 pounds of green glass, 1 shilling 2 pence For every 112 pounds of red lead, 2 shillings For every 112 pounds of painter's colors, 2 shillings, For every pound of tea, 3 pence,”(Crompton, 15). The Commissioners of Customs Act established a Board of Customs Commissioners.

Read More
617 Words | 3 Pages

The British made taxes on many items. The Townshend acts taxed lead, glass, paint, tea and many more items from Britain. The stamp act taxed newspapers, books, legal documents, ships, cargo, playing cards and lastly, dice. The British did this because of their lack of money. They needed money for weapons and soldiers.

Read More
1237 Words | 5 Pages

Under the molasses act colonial merchants had been required to pay a tax of sixpence per gallon on the importation of foreign molasses,but because of corruption,they mostly evaded the tax and undercut the intention of the tax that the english product would be cheaper than that from the french from west indians.this hurt the british west indies market in molasses. The colonies were upset because they were the only ones getting taxed and not the rest of britain. Another tax was passed,however this placed taxes on many items. This tax is called the stamp act.the stamp taxes newspaper,lines and colonial paper product.these are all paper items.if you’re wondering why all these taxes are getting placed,its because the king was trying to pay off all the war debt, however after the stamp act was passed a series of resolution are published stating the stamp act violates the right of colonies.

Read More
1012 Words | 5 Pages

Considering using more technology inside Trader Joe’s would also speed up business inside Trader Joe’s. 5 – Conclusion This paper has revealed the most powerful and weak spots of Trader Joe’s. Supermarket industry is currently alive and competition between firms are very contentious.

Read More
669 Words | 3 Pages

The reason why the American colonies would not pay the taxes, tariffs and other payments to the British Empire was because they felt they should not pay to any country where they have no representation. The British parliament would then remove virtually all taxes initially imposed on the American colonies leaving only the tax on the tea imports, which was done to show that despite the fact that the British would allow Americans not to pay all taxes, they still had the ability to impose them and to assure that everyone pays them. I have to add here that in the summer of 1773, the British would create a rather smart money-generating plan. The British East India Company was given the exclusive right to trade tea to America thus becoming the monopoly and the controller of this commodity to the colonies (Hakim, 140). Yet in order not to make Americans angry, the British would somewhat reduce the duty Americans were paying for the tea to assure that it would be unprofitable for the Americans to start their own tea trading business because the tea was as cheap as never before (Wiegand, 93).

Read More
592 Words | 3 Pages

The French and Indian War left England with a debt of £130,000,000. To help pay off the debt Britain set up taxes, to collect money, on frequently used products by the colonists. The Molasses Act put a six pence tax on every gallon of molasses. The colonists thought this was a lot of money to pay so they did everything to avoid it. This act was not really enforced and the colonists did not really obey this act.

Read More
715 Words | 3 Pages

As an effort to control war debts, Parliament passed a law taxing foreign wines, coffee, textiles, and indigo imported into the colonies, expanded the customs service and required colonial vessels to fill out papers detailing their cargo and

Read More
525 Words | 3 Pages

Britain's decision to increase taxes on the colonies to pay for the war debt:With the French and Indian War over, many colonists saw no need for soldiers to be stationed in the colonies. Britain also needed money to pay for its war debts. ... Other laws, such as the Townsend Acts, passed in Page 2 1767, required the colonists to pay taxes on imported goods like

Read More
1506 Words | 7 Pages

In addition to duty, imports may be subject to Sales and Use Tax or excise taxes. Duty rates can be a percentage of value or specific dollars/cents per unit. Duty rates vary from 0% to 37.5%, with the average duty rate being 5.63%

Read More
1314 Words | 6 Pages

And to be able to convince them, that in a globalized world, putting up such pressure would be sustainable and not give the motto to start a conflict in other areas of trading. Taxing foreign products has the same effect as subsidizing national ones and creates abnormal fluctuations in the consumption and in the production padrons that might be difficult to correct afterwards. The "retaliation" from the United States of America regarding doing the same on Canadian product was not a

Read More
961 Words | 4 Pages

Not to be beaten, they also passed the Declaratory Act at the same time which stated that Parliament had the right to impose laws on the colonies. The following year, Parliament passed the Townshend Acts, placing a duty on British imports of glass, lead, paint, tea, and paper. Knowing the taxes would be even more difficult to enforce, Parliament hired Royal Customs Commissioners to collect the taxes and gave them the power to search homes for smuggled goods as well as seize any goods assumed to be

Read More
1680 Words | 7 Pages

In order to analyse what extent Tesco U.K’s performance is attributa-ble towards industry characteristics, Porter’s five forces are broken up into competition, potential of new entrants, power of suppliers, power of customers and the threat of sub-stitute products. Below is an image of Porters 5-forces in relation to the U.K supermarket industry. 1. Rivalry amongst competitors The intensive rivalry in the U.K’s grocery sector is remarkably high.

Read More
950 Words | 4 Pages

When books are sold, they are generally offered in either hardcover, paperback, or both. If the option is not given to the consumer, they won’t think twice about the price. However, most of the time both options are offered, and consumers tend to gravitate to one side or the other. When it comes to buying books, the price for paperback copies is generally cheaper than that of hardcover ones. This is to be expected because hardcover books cost more to produce than soft cover books and they last a lot longer for the consumer.

Read More

More about Betterbisnes Vs. Shopify Competitive Strengths

Related Topics

Open Document