Business Analysis: Sorzal Instruction Sorzal¡¦s Business definition, Mission statement Market authentic and quality jewelry, pottery and artifacts in the United States. To be the reputation and world-known South American and African artifact for collectors and fanciers. As an intermediate of transferring ancient culture and art to the world through tangible items. And for the reason to expand our market, we will emphasize on our target consumers interests, curiosity and self-satisfaction. Problem Defining Sorzal is an artifacts distributor whose main function is transfer artifacts from South American and African …show more content…
For example, the suppliers can only provide us a certain amount number of artifacts because of the custom policy. On the other hand, our distribution channel is also limited in the market. We only have a few outlets and little own showing. It is also one main problem that we can not expand our market share efficiently. Ü Cost intensive of native artifacts: Experts are always cost much for making artifacts because making artifact is one uniqueness skill that you can not be replaced by machines. And also the high transportation fee and tax are other main current cost for our company. Ü Long producing time: for the reason of low productivity problem, to produce an item takes long time. In business world, time always costs much than money. Ü Limited product line: we only provide pottery and some related products in the market. External Factor Opportunity Ü The market is growing rapidly: for the last decade, the market got 20 percent growth. Though it declines in recent year, positive growth could be expected. The number of interested parties is getting more and more people. Ü Existing customer base: As stated in the article, the market is not saturated and the products are being populated because of the good sales in the own showing. Ü Room for expansion: Sorzal can introduce the artifact from Asia or else where to diversify the product mix.
This chapter shows the trade over the ocean in 1000 ce. The ship was carrying raw materials and goods from all across Asia, containing tin and many more valuable metals.This shows the importance of tin in southeast Asia. Also Tin as a part of another important metal, bronze, was necessary for the production of everyday objects in many areas in Asia. This chapter shows how important metal was at this time and how much of use it was. The maps made it easy to show how Asia connected around other parts of the Asian world."Finally, trade was essential to the everyday practice of culture in the Asian world." [Page 73] this quote shows how trade was good for Asia in bringing it together
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Accordingly, to reach the scale of revenue required would mean increasing the number of transactions per month a few folds from 2,000 to 8,000 transactions. Moreover this would require not only increase in the marketing of the existing 2,000 products listed on the store, but a significant increase in the breadth of product offerings. If the number of vendors was not going to increase the current process might continue be manageable, nevertheless one of the Store’s strategies is to limit the number of products from each vendor to only 20, hence requiring an increase in the number of vendors fourfold which is relative to the increase in revenue.
I interviewed a friend of mine - Amanda Chen - a female shopper about her experiences and
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Business analysis is a significant aspect of any business and company. This is mainly because change is the only constant thing that needs to be constantly dealt with. Change can happen in both your target market and in the industry your business or company belongs to, and for your business to survive and succeed despite these changes, proper business analysis must be conducted at the right time. In such a cutthroat business environment, business analysis is essential in order to maintain competitiveness.
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Is this market profitable enough to be carried forward and marketed? Only time can answer that question.
and replicas and sell them to two main groups; artifact collectors and gift buyers. They currently
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New Entrants: The possibility of New Entrants is supposed to be Low. The reason for this is that the entry barrier is very high in this segment, as it requires a huge amount
Sorzal distributors is a nationally recognized importer and distributor of a wide variety of South American and African artifacts and a major provider of southwestern Indian authentic jewelry and pottery. Based in Phoenix, Arizona, the company is a well established organization that has built its reputation on customer satisfaction through the verification of every piece of artifacts it imports. Expansion of the company led to establish offices in L.A, Miami and Boston where new products were included to the company's line of products like pre-Columbian artifacts from Peru and Venezuela as well as burial artifacts from Africa. To respond to its customers'