ipl-logo

Explain What Type Of Market Is This Business Involved In?

650 Words3 Pages

responses:
What type of market is this business involved in?
They are involved in the fresh fruit and vegetables market. This is evident when it says ‘is a small company supplying fresh fruit and vegetables.’

The business wishes to expand its warehouse. How could it find the money to do this?
If the business wishes to expand its warehouse it would use money from its profits however if it does not have profits it will have to borrow money (a loan) from the bank or financial intermediaries and it would have to be paid back in debt and interest. They may also may slightly increase the price of the products to expands its warehouse.

Explain two methods that could be used to determine the prices of the goods sold.
Two methods that could be used to determine the prices of goods sold are percentage mark-up and by following the prices set by other sellers in the same market. A percentage mark-up is when the seller calculates a sale by adding a percentage to the price paid for the goods.

How can the …show more content…

Fresh N’ Fruity may take statistics from other stores, and trial new tastes and products to establish what their customers would like. They also may do this marketing and advertising their new product.

What factors might influence the company in deciding their methods of operation (i.e. how to produce)?

In order to remain competitive the company will make make changes based on their competitors and the evolution of technology. In our society new things are being developed that may be more cost and time effective. If competitors are using this method of operation and is effective they may also use the method of operation.

What other competitors are doing, consumer (list 3) How to produce 1.3
What factors in this marketplace influence to whom the businesses sells its fruit and

Show More
Related

How Did Tootsie Roll Encounter Three Of The Five Forces That Drive Industry

229 Words | 1 Pages

The five forces that drive industry competition and profitability are: rivalry among existing competitors, bargaining power of suppliers, bargaining power of buyers, threat of new entrants, and threat of substitute products or services. Tootsie Roll encountered three of the five forces in the Tootsie Roll Case Study: rivalry among existing competitors, bargaining power of suppliers, and bargaining power of buyers. The first force that Tootsie Roll encountered was competition among other snack food manufacturers, which include Hershey, M & M Mars, Nestle, Brach, Huhtulmac, Storck, and RJR Nabisco. Yet, the trend of increasing health conscientiousness provided Tootsie Roll with a competitive advantage because their candy has zero cholesterol

Read More

Mkt 531 Week 3 Marketing Strategies Paper

1018 Words | 5 Pages

Student Name: Gurpreet Kaur 1.As mentioned in the introduction, we are required to choose three fast moving consumer goods companies. The marketing strategies and operations are to be analyzed in terms of efficiency. The companies which I have chosen are Proctor and gamble, Johnson and Johnson and Unilever. These companies are considered to be giants in their industry sectors.

Read More

Jamba Juice Mission Statement

160 Words | 1 Pages

In 2012 Jamba announced plans to “re-concept” existing stores in selected markets with a fresh-squeezed juice emphasis; this idea will address the competition since Starbucks and Juice

Read More

Cracker Barrel Essay

437 Words | 2 Pages

These firms are continuously competing with Cracker Barrel because they offer the similar types of food and services; although they have different strategies and distinctiveness. Not only are some of the food options similar, but their prices are close in range. There are so many factors that make the competition in the restaurant extremely high. Some of these factors include: prices, quality, value, reputation, location, and accessibility. Chart below compares the competitors’ gross profit margins.

Read More

Boost Juice External Influences

635 Words | 3 Pages

However, in the case of boost juice, when boost juice was created there was very little fruit juice outlets in Australia. As a result, Boost Juice did not need to lower its prices by much in order to beat its competitors. Technological Geographic Legal Political Institutional Internal influences Product • The product that a business provides will greatly affect the internal operations of a business. The product produced by Boost Juice is Fruit juice smoothies.

Read More

EGT1 Task 4

1194 Words | 5 Pages

The survey that I have made on the restaurants present in the North West has shown that new products arrival in the market can be risky for our restaurants for example different burgers with wide range of variety. • Bargaining Power of Customers (Buyers): For any business the especially in food business, the customers are the most powerful stakeholders. If the new branches fail to satisfy the customers by its services or the products, the restaurant will be in a great loss. • Bargaining Power of Suppliers: Another key stakeholder that I have identified is the power of the suppliers. However, a food restaurant cannot perform its basic operations if they are unable to find appropiate suppliers for their raw products.

Read More

Marketing Strategy: Trader Joe's Business Strategy

1120 Words | 5 Pages

For the business-level, Trader Joe’s adopted a differentiation focus strategy. According to our textbook with this strategy, Trader Joe’s seeks to differentiate in its target market. They rely on providing better service than broad-based competitors. Specifically, they focus on the special needs of the buyer in other segments (Dess, Page 159). Joe’s differentiates its self from other grocers by providing a unique shopping experience fortified with their private label goods and great service from their crew members.

Read More

Executive Summary: Prince Ad And Print Co Ltd

1808 Words | 8 Pages

Age: Another factor that can affect the product is the age group of people. Sometimes old people do not accept the new product because of the difference in their ethical values from today's modern society values. This has a great impact on the sale of the product. But the young generation is more conscious about the new trend in the market. 3.

Read More

Chevy Research Paper

906 Words | 4 Pages

Various factors can affect how you market this product. Some of these are social trends, technological advances, the economic climate and the political/regulatory climate. Pick one of these and discuss how it will affect the marketing of your product positively or negatively. Chevy has several marketing procedures. They use American Patriotism to help sell their vehicles.

Read More

Swot Analysis Of Jamba Juice

387 Words | 2 Pages

Overall: Jamba Juice’s strong brand and competencies in creating quality products make opportunities for expansion (i.e. diversification, horizontal integration) very attractive. However, their inability to keep costs down and their lack of quality marketing make the threats of price wars or increased product substitution increasingly

Read More

Case Study: Jamba Juice, The Power Restaurant

862 Words | 4 Pages

As shown in our value curve in the appendix, our goal for Serve Up Smoothie is to provide our customers with a wide variety of ingredient and smoothie options that are healthy and convenient. We have prepared our value curve by using the Blue Ocean Strategy by first noticing our factors of competition, identifying our competitors, and then placing ourselves in the area of the market that our competitors are not (Crawford, 10/6). We have noticed that our biggest competitors in the Iowa City area are Jamba Juice, the Power Café located in the University CRWC, and the consumers option to make their own smoothies at home. At Serve Up Smoothies, we again want our customers to be provided with a wide variety of high quality smoothie options and

Read More

Nascar's Marketing Strategy

1658 Words | 7 Pages

Product competitors compete in the same product class, however, the products are different in features, benefits, and price (Ferrell & Hartline, 2014). NASCAR’s product competitor would be the Indy Racing League the product difference is their racing cars (Ferrell & Hartline, 2014). Generic competitors very different products that solve the same problem and satisfy the consumer’s needs (Ferrell & Hartline, 2014). The generic competition for NASCAR would be small locally owner raceways (Ferrell & Hartline, 2014). Finally, total budget competitors are those that compete for the limited financial resources of the same consumers (Ferrell & Hartline, 2014).

Read More

Five Forces Auto Insurance Industry

864 Words | 4 Pages

The adoption of new technologies and trends is being facilitated in the industry for the competition and the customer’s overall experience. Many suppliers that are having similar strategies face a strong competition. The barriers for exiting the markets are high. Products and services of are undifferentiated leading the customer to focus on the prices offered. Low market growth, so it can be increased only by taking another firm’s market share.

Read More

Swot Analysis Of Eataly

860 Words | 4 Pages

These firms supply around 25% of retail products where as 75% is purchased from more than 2000 producers. Threat of Substitutes The products that Eataly is offering include wine, pasta, pizza and cheese being their universal product. Eataly is able to differentiate them with artisanal slogan. On the other hand ‘small size market chains’ or larger stores might supply similar or same products from and can be compete or substitute Eataly in long term through changing their structure (Carlucci & Seccia,

Read More

Swot Analysis Of Smoothie

743 Words | 3 Pages

Therefore, new companies could enter without needing large amounts of capital. • Product Differentiation: Although there is some level of differentiation among ingredients and flavors, predominant similarities exist among current products. New companies could

Read More

More about Explain What Type Of Market Is This Business Involved In?

Related Topics

Open Document