What is the difference between ‘flow’ and ‘stock’?

Q: SHUI FABRICS Industry Analysis a. Industry rivalry b. The threat of new entrants c. The threat…

A: Industry rivalry usually takes the form of jockeying for position using various tactics (for…

Q: describe the following concepts a)IFAS Matrix

A: The internal environmental scanning of the organization reveals their strengths and weaknesses. It…

Q: 7. a. Describe the ways through which a firm provide value to its customer.

A: Customers are the king of the market. The needs and wants of the consumer are fulfilled…

Q: 45- The following are the reasons for the increasing demand for food item/product retailers, except…

A: The company offers the goods in the marketplace in order to satisfy the consumer and meet their…

Q: Why it is said that department stores have been service-oriented?

A: Department store will provide various goods to customer as a retailer. These goods can be of similar…

Q: 2. Attractions, Capital, and Human resources are the variables related to A. Demand side B. Supply…

A: Introduction: In general, the term business refers to the process of exchange of goods and services…

Q: Name the approach which is based on the generalization that everything is inter-related and…

A: The systems approach is created on the simplification that everything is inter-related &…

Q: How are items being ordered?

A: Among the most important steps in an online store's operations seems to be the order execution…

Q: What is the difference between a marketing channel and a supply chain?

A: The differences between a marketing channel and a supply chain are: A supply chain is more broader…

Q: What sorts of competitive pressures are confronting traditional grocery stores?  What options do…

A: Business can be described as an activity of trade which involves the activity of sale and purchase…

Q: Name and describe the three main divisions of supply, production, and distribution systems.

A: The interlink of all the organizations, individuals, and activities involved in producing and…

Q: what does McDonald’s segment its products?

A: Segmentation refers to the classification of customers on the basis of some specific characteristics…

Q: Give your own example of services that are being segmented using the following segmentation strategy…

A: The services which can be divided into different segments of the targeted market majorly includes…

Q: PESTEL analysis of H&M

A: Businesses use PESTLE analysis to identify the impact of external factors on their business. It…

Q: How would you classify businesses that may be classified under more than one type of business, like…

A: There are many kinds of businesses that are actually being done. The businesses yield a lot of…

Q: Identify the challenges of causing a change in Establishing Convenient Stores in the chosen…

A: Convenience stores inject an economic boost into the local community since they have a very fixed…

Q: .Why customer loyalty is important for a firm?

A: Introduction: Customer loyalty is gaining a customer's trust in an organisation so that the…

Q: Describe the commodity chain process?

A: The Commodity chain can be described as the process which involves the activities like procurement…

Q: the past year, Nokero had sold more than 150.000 solar ight buibs to over 90 countries The company…

A: International business: When a person or a company is involved in commercial activities, which…

Q: Describe SCM's function in the retail sector. Use the two real-world scenarios as examples.

A: Supply chain management can be broadly defined as an approach that is utilized to integrate…

Q: Explain how companies use order placement and orderfulfillment.

A: The steps which the company takes while receiving and placing the order in the customer's hands are…

Q: Explain why and where the logistes chain begins?

A: The method information and goods are defined from the producer or manufacturer to the end-user is…

Q: Define Dual distribution?

A: With the rapid growth of globalization, the same type of distribution strategies for all kinds of…

Q: Explain how improving qualiy can lead to reduced cost

A: Doing improvements in the quality of the product does not always mean making expenses. It also…

Q: which measures that could be adopted in a warehouse to increase warehouse effectiveness any pros and…

A: The storage area or building in which raw materials or manufactured goods can be stored for some…

Q: Find out at least four differences between single entry system and double entry system.

A: Bookkeeping is the practice of tracking a company's financial activities in such a manner that they…

Q: Retailers are involved in designing innovative products and services. This activity of a retailer is…

A: Retailers are involved in designing innovative products and services. This activity of a retailer is

Q: You see an opportunity to start a business on a popular tourist beach. You decide to open a small…

A: The establishment and operation of a venture or business that provides goods, services, or both to…

Q: Match each industry with the most appropriate type of wholesaling…

A: Wholesale intermediaries are companies that sell products or services to retail intermediaries, who…

Q: When fresh vegetables are shipped to Oklahomafrom Mexico, which utility is added?a. Formb. Placec.…

A: When fresh vegetables are shipped to Oklahomafrom Mexico it is a utility which has a shipping…

Buying

Buying is the activity that involves acquiring something of value in exchange for an asset. The acquisition could be goods or/and services. During the buying process, the exchange of value takes place between two or more parties. For instance, if you are offered a present from your relative, it can not be termed “buying” as value exchange is only from one side. Therefore, any form of gifting is not considered buying. The most common medium of exchange to facilitate buying is currency.