Company Description Caribbean Market is partnership business with 20 locations within the United States, owned by two Caribbean born females who have always wanted to run their own business after graduating high school. After a few years of saving and working extremely hard their dream have finally came true. Caribbean Market business structure is centralized organizational structure, the reason why this type of structure is in place is because of the fact that decision-making responsibilities are focused with a few key leaders. As a result of having a few numbers of decision makers it is faster to execute complications within the business. Executives are abled to gather information and efficiently examine pros and cons of decisions in a small …show more content…
To accomplish this mission Caribbean Market has to determine some attitudes, rules, processes and procedures, such as open door policy, this means that managers doors are open to all employees; three basic beliefs and values this means respect for the individual, service to our customers, striving for excellence. Ten-foot rule, which means that all employees must greet, make eye contact and help customers who come within ten feet. Also, being able to answering employees, customers, and suppliers questions on the same day the questions are received. This mission statement reflects on the strategies Caribbean Market uses because the company’s main purpose is to provide lower prices of goods and services to its’ consumers and Caribbean Market only uses strategies that will help bring prices down (Farfan, …show more content…
Firstly, the company wants to provide its customers with low prices, which will attract a large population. Caribbean Market’s product is it retail service. The company will attract its customers by providing convenient and effective services. Our employees are trained to efficiently assist shoppers in finding the good they need. By helping our customers finding everything that they need will increase store sales. At the ending of 2016, Caribbean Market extended it’s food assortment. The revenue that was produced from the year 2016 was 11.6 billion. For the next three years 2017, 2018, 2019 Caribbean Market estimate it’s sales to grow to range between 3 to 4 percent annually, which will be approximately $45 to $60 billion in sales. (Williams, S). SWOT Analysis Strengths Wide range of products Having a wide range of products can be a good thing because it can build the sales and move the company in a whole new direction. Scale of operations Caribbean Market captures the market share with its everyday low price strategy. Caribbean Market train its’ employees because the company believes that people are the key to the
Able to diversify its product range to meet market demand including women’s wear, men’s wear, accessories and home wares.
A private yacht charter in the Bahamas is the ideal way to vacation on the water. Cruise ships may be nice for some people, but I couldn't imagine the lack of privacy or control over my own schedule. Private yacht charters allow you to make your holiday truly yours, and you are not at the mercy of a staff that must cater to hundreds of others passengers. The peace and beauty of the Bahamas is better appreciated on a private yacht rather than a crowded cruise ship surrounded by strangers.
In the present age of globalization, it is often forgotten that these world-encompassing processes were initiated with European expansion into the Caribbean beginning more than five hundred years ago. We now see the proliferation of overseas factories enabling owners, producers, and consumers of products to be in widely distant locales. It seems to us that in the search for profits, commercial activity has recently spread to every corner of the earth. We observe that the continual movement of humans across borders results in new forms of hybrid and creolized cultures. And, we feel that the world around us is moving faster and faster: the rapid circulation of
In 2008, I learned some exciting news that I was going to go on a cruise. A cruise is a new experience for me and I was ready to go on it. We were going to St. Martin in the Bahamas, we would leave Kansas City and get on a boat at Cape Canaveral which was by Kennedy space center. Me, my grandparents, parents, aunt, uncle and my great grandparents were all going on the trip. This trip ended up being the funnest trip in my life.
Ever since I started in high school, mission work has been a major part of my life. For the past three years, for two weeks at a time, I have been going to the poorest region of Jamaica. The organization I have been a part of is called American Caribbean Experience, or ACE for short. The experiences I have had while doing mission work in Jamaica have changed my life forever. In order to pursue my passion for mission work I decided to apply for an internship with ACE. I was chosen along with six other people to become interns for the summer of 2018. This internship will be the first thing I do as soon as I graduate because I leave May 23rd and we graduate May 21st. This internship will also prepare me for my long term goal of becoming a doctor
CVS needs to think through numerous elements impacting its’ business. Pricing strategies, rivals and their current products, consumer demands and suppliers are examples of these elements. For pricing strategies, CVS should consider closeouts, discounts, product bundle pricing, penetration pricing, geographical pricing, and membership or trade pricing. For non-pricing strategies, options comprise: enhanced service quality, longer opening hours, advertising, and extended warranties (Kimmons, n.d.). By pricing similar products in a different way they must focus on regional demographics because geographic pricing enables the maximization of profit. For promoting unique or new products at provisional price drops, penetration pricing is the most effective. Finally, bundle pricing and closeouts can be engaged when several
St.Kitts is a great place to go. The people are fun and energetic and the food is amazing. I want to go to St.Kitts because my family on my mother's side comes from their and I would like to find out more information about the place. Also the holidays that they have there look very exciting and I would like to be there to take part in one of the events. The climate is very warm, and they rarely receive any snow . St.Kitts is where I would like to go on my personal quest because I would like to learn more about my heritage.
Have you ever wanted to visit a place that is practically paradise? That means barbados is for you. They have sunny beaches, an intricate culture to learn about and experience. Along with all kinds of entertainment for adults, kids and, families to enjoy while you are at Barbados.
Treating all of Canada as one market has many advantages. A company typically implements a global strategy when it wants to save money. A company can be more effective when it sells the same products to every market, because there is no extra time spent on differentiating the products per market, which means there are also no extra costs. Money is saved from buying in bulk and having a standard packaging. In return, the company can put more focus on the product and work towards changing and enhancing the product. The case states that the market share of Saralyn Mills has increased in each of the product categories in which it competes. By implementing a standardized strategy,
I got home from school and found my little brother in my room on my computer. I hate when other people use my computer because I have it set up just the way I like it. “Get out!” I exclaimed to my brother. He saw me and hurried out of my room, as he has done many times. I live in a cozy little home in Glendale, Arizona. The air conditioning is on full blast with the hot sun looking down on my house. As I sat down at my desk and pulled my books out of my bag to finish some homework, I heard my phone ring. “Hi Griff” Xandi said. Alexandria is my best friend. I have known her since kindergarten when she gave me her apple slices for my crayons. She calls herself Xandi because she feels that her name is too “normal”. Although my life is an open book, no one knows that I
* Have a lot of choices: a lot of brands are available which allow the current customers to choose from a lot of alternatives, that makes them very careful of small details and what the brand has to offer.
(Group Tainos) The cacique was the head of the Tainos society. The cacique was a hereditary title which passed down from father to son. Generally speaking, the Tainos practised monogamy. However, the cacique was allowed to practise polygamy (this was to increase his chances of having a heir).
William, M (2003). Barbados: a brief look at Barbados’ financial system. Euromoney,. 31-34. Retrieved from http://search.proquest.com/docview/198920608?accountid=12085
Focusing on one area instead of trying to offer too many products is becoming a more effective way to market. Companies will start finding niches and then position themselves as the definitive source of information for specific products and services (Gunelius, 2010). When marketing too many products it is easy to dilute the market as well as the benefits of each product. When features overlap consumers not only get confused as to the differences but ultimately pick the cheaper one. So the costs to market the higher priced items become a waste. Focusing on fewer products allows for a more valuable product and therefore more effective marketing techniques.
The evolution of Caribbean Literature started centuries before the Europeans graced these shores and continues to develop today. Quite noticeably, it developed in a manner which transcended all language barriers and cultures. Today the languages of the Caribbean are rooted in that of the colonial powers - France, Britain, Spain and Holland - whose historical encounters are quite evident throughout the region. The cosmopolitan nature of the region's language and cultural diversity develop from the mixture of European languages with Native American languages (mainly the Caribs and Arawaks) in the formation of creoles and local patois (hybrid languages) and those of Africans brought to the Caribbean as