Creating a New Online Business: Shopping on the Go Essay examples

| A general partnership allows for a pooling of capital and talent and a sharing of the risk. Additional benefits to a general partnership include additional expertise in decision making and a sharing of the workload. General partnerships are easy and inexpensive to start up.

The benefits of Partnership Company are that business is anything but difficult to build up and start-up expenses are low. There is more capital accessible for the business. Workers that are of high-bore are made accomplices. The burdens are that the obligation of the accomplices for the obligations of the business is boundless . There is additionally danger of differences and contact among accomplices and administration. Every accomplice is an agent of the partnership and is at risk for activities by different accomplices. This means that it brothers choose this type, they will be responsible for each other’s action irrespective of the fact whether they like it or

Years ago, most people thought that it would remain impossible to click a button and place an order to buy something. Today about “195 million online American consumers” order take-out, book hotels, flights or even grocery shop (Weinstein 1). Many people can pay bills and transfer money to other people through a click of a button on their smartphone. 100,000 online consumers took a survey to reveal that most people preferred online shopping than physical shopping. 73% said it “[was] time saving” and also 58% of those people said they “liked it more because there were no crowds or lines.”(Weinstein 2). Consumers care more about the time used up than going to the store to look and try out the product in person. The internet offers a huge amount of choice and diversity in how people want to do things. But with the majority favoring online shopping, it just shows the laziness of our

The store could also develop an app in the long run where customers could send a grocery list to their cart from home that would come up on the display on the cart to make shopping a more convenient activity. At the end of the shopping session, the shopper simply walks out of the store with the cart where, at the door, the main reader receives a radiofrequency signal from the cart that supplies the main reader with the total sum of the purchases. The reader sends that total to a computer that charges the customer for their purchases on their credit card and sends an invoice to the customers’ phone within minutes. This will allow for grocery stores to be able to analyze customer preferences and buying habits in real time, which will allow them to be able to better tailor their selection to their customers.

Technological environment shows that there is more Point of Sales systems available with electronic shelf labels and scanner. In addition, self-checkout registers and advertising through mobile apps are getting more common.

This new system will allow customers to input their own orders allowing staff to focus on preparing orders. With the new system, it will eliminate pressure as a result of preventing you from being overwhelmed with complaints about wait times or lengthy lines. There will be no waiting for customers to decide what they want to order or others complaining about them taking too long to place an order. The plan is to put the system into operation within the

Barringer will be used as a guide in providing a comprehensive assessment. In examining the competitive landscape of smartphone applications enabling consumers to scan and purchase grocery items, currently there are no competitors. There are store provided hand-held scanning devices in which items are scanned and downloaded at the checkout terminal.

Again in everything there are pros and cons. The pros to a partnership is that obtaining a partner is easy, when there is more than one owner this increases financial stability allowing each partner to contribute funds and potentially increase their borrowing capacity. Depending on the business and its need for additional partners this could increase employee retention because employees will see an opportunity to one day be a partner.

Smartphones and tablets are anticipated to grow and play a bigger role in how people are shopping. Mobile offers customers the convenience of mobile ordering and helps to create customer loyalty since they will be able to track past and present orders all in one places (Vine, 2015).

The rise of e-commerce and online retail has altered the general trends in this industry. Grocers such as Whole Foods Market, Kroger Co., Safeway Inc., and Fresh Market have adapted to this new technology of customers ordering groceries online and then picking it up without having to walk around the store to do so. The trend is also adopted by

According to Andre (2013), “grocers have to think outside of the box and offer more to their clients in order to increase customer satisfaction and loyalty” (p.1). Since customers’ shopping style has been changed, groceries should change their marketing strategy from a long-term perspective. As we discussed earlier, Whole Foods Market has developed its application that allows customers to buy products through smartphones. Customers can make orders through smartphones and pick up later, which saves plenty of time, especially for some working parents. This cool technology is not only attractive but also helpful fostering customer loyalty. Whole Foods Market’s website promotes its smartphone APP constantly and describes the benefits of downloading the application, which are also ways of offering the convenient shopping experience for

The Internet has changed the way we do virtually everything, including the way we shop. However, shopping is not the only thing that has changed. In the last decade we have changed the way, we apply for loans, study, and even plan a vacation. Doing any of these things would have been impossible a few decades ago. At present, online banking, paying bills, ordering new services, and shopping online have become part of our daily lives. Traditional brick-and-mortar stores have been around much longer than online stores, but we cannot deny that online shopping is giving the traditional stores competition. Many consumers still choose to shop at regular brick-and-mortar stores because they like to see and

To overcome this problem, the partnership may take on as many Sleeping (or Silent) Partners as they wish - these people will provide finance for the business to use, but will not have any input into how the business is run. In other words, they have purely put the money into the business as an investment. These Sleeping Partners face limited liability for the debts of the partnership. A partnership, just like a sole trader, is an unincorporated business. What are the advantages and disadvantages of a Partnership?

Shopping carts have come a long way since bags, baskets, and early cart designs. The current design maximizes storage with a big basket, a rack, and a child seat, but is missing technology to make shopping easier. Smartphones are so commonly used in this day and age and SmartCart, our product, utilizes current technology like smartphones. With the SmartCart app, customers are able to make lists, compare prices, and prepare their shopping trip. When they arrive at the store, they can sync their pre-made trip from their phones to a screen on the shopping cart. This makes shopping quicker and more efficient, for you can see any information you may need on items right on your cart. The SmartCart perfectly combines current technology with our breakthrough technology that is not present in grocery stores today. With any new product and technology, there are things that could go wrong. However SmartCart creates an overall better shopping experience and has a big upside.

The disadvantages of a partnership is they also have unlimited liability allowing them also to become sewed by creditors. Partnerships also can have partner disagreements which can cause a business to get off the goal that they are trying to achieve. In some cases disagreements can not be resolved and partnerships have to split up. If the partners of the business split up or one of the partners want out the assets of the business become frozen until the partnering wanting out gets their share of the business.