Managers of Best Buy had just implemented an e-commerce platform to expand their business in terms of customer base. Best Buy is a clothing retail store that offers value for money on clothing items for the family. Based on this, complete the tasks that follow. Question 1 Elaborate on the e-commerce model adopted by Best Buy and further explain ANY FOUR (4) benefits of the e-commerce model to the retail company.
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Managers of Best Buy had just implemented an e-commerce platform to expand their business in terms of customer base.
Best Buy is a clothing retail store that offers value for money on clothing items for the family. Based on this, complete the
tasks that follow.
Question 1
Elaborate on the e-commerce model adopted by Best Buy and further explain ANY FOUR (4) benefits of the
e-commerce model to the retail company.
Step by step
Solved in 3 steps
- Managers of Best Buy had just implemented an e-commerce platform to expand their business in terms of customer base.Best Buy is a clothing retail store that offers value for money on clothing items for the family. Based on this, complete thetasks that follow.Question 1 Elaborate on the e-commerce model adopted by Best Buy and further explain ANY FOUR (4) benefits of thee-commerce model to the retail company.Question 2 Discuss ANY FIVE (5) popular payment methods for Best Buy to include in the e-commerce platform.Doggie Treats is a company in Gauteng that sells nutritious dog food and treats to dog pet owners. The owner, Mr. Smith, is deciding to conduct business on the online platform where customers could order dog food and treats for their pets online. Mr. Smith has requested your services as the online business consultant to advise further on this new way of conducting business. Question 1Selling physical products through an online e-commerce store can be lucrative, although it is also competitive.1.1 Explain to Mr. Smith how a brick and mortar business find customers compared to how ecommerce stores find customers. 1.2 Elaborate on any FIVE advantages of e-commerce retail Question 2 Explain in detail an appropriate online business revenue model suited for Doggie Treats. Include in your answer any FIVE business benefits this model provides to a business.TRUE/FALSE QUESTIONS (10M) 1. The digital economy refers to an economic system constructed around the concept of sharing goods and services. 2.E-business and E-commerce are the same. 3.E-distributors aggregate product information from many manufacturers. 4.A virtual community is one where the interactions take place over a computer network. 5.Amazon.com is recognized as an online leader in providing personalized services and CRM. 6.Event shopping is the B2C model in which sales are designed to meet the needs of special events. 7.The major procurement methods does not include buying at an exchange or industrial mall. 8.Government-to-citizens (G2C) category includes all the interactions between a government and its citizens that take place electronically. 9.An effective technology for e-training and e-learning is visual interactive simulation. 10.Mobile commerce (m-commerce) refers to conducting e-commerce by using mobile devices and wireless…
- Question 2Events and experiences such as the FIFA world cup competitions attract sponsors who put in substantial amounts of money.Assess the wisdom of being a headline sponsor at the FIFA world cup event.pls help me to answer the question below thankyousomuchDiscussion Post #4 relates to material from Chapter 5 of the Kotler text. A physician in private practice asks you, as a marketing consultant, how to attract more patients. The practice is serving about 10 patients a day and cannot run profitably unless the physician sees about 20 patients a day. What questions would you ask before starting to make suggestions (from Kotler, p. 171)? Explain your logic behind the questions you would ask.
- PLZ I want full answer with all solution steps. FMCG sector has been affected due to COVID-19.They have issues before them likehow to drive growth in rural consumption, making sure that e-commerce demand remainthere, with top line growth under constraint during lockdown, companies are likely to bekeener on enhancing profitability and cost control is a major tool for the companies toimprove the margins.“Information systems are transforming business”, Justify this statement in above case ofFMCG sector by considering how Information Systems will help the companies inresolving above issues.10) In recent years, large retailers have been shifting from bricks-and-mortar operation to an online strategy for the reasons described in three of the following four entries. Select the fourth one, the least plausible entry. (Choose one.) a. Bricks-and-mortar retailing allows customers to touch and see products before they buy, but customers don't care about doing this much anymore. b. Bricks-and-mortar stores have trouble keeping track of the shelf location of specific items, which means customers are often unable to inspect a product or comparison shop when they get to the store. c. Customers depend upon reviews of products by previous customers, a feature largely missing in bricks-and-mortar shopping. d. Bricks-and-mortar retailing usually requires the customer to travel physically to a store as contrasted with the greater convenience of online commerce.
- Hello. Can you assist on the following Hard Rock Cafe Inc. is a food service, hospitality, and gaming business originally focused on operating casual dining restaurants. Founded in London in 1971, the company developed its brand through the themedrestaurant experience. Customers are typically greeted with an ambiance of rock and roll. The company experienced significant growth and expansion in the 1990s. Today, Hard Rock Cafe is diversified, with operations in the food service (themed restaurants) industry, gaming (casino) industry, and hospitality (hotel) industry. The company has also achieved global status, with restaurants, hotels, and casinos in more than 70 countries. In 2007, the Seminole Tribe of Florida bought the company. At that point, the Hard Rock Cafe Inc. headquarters were moved to Orlando, Florida. This business case is an example of how the differentiation generic strategy can support business development. Also, this case of Hard Rock Cafe sheds light on theimportance…Hello. Can you assist on the following Hard Rock Cafe Inc. is a food service, hospitality, and gaming business originally focused on operating casual dining restaurants. Founded in London in 1971, the company developed its brand through the themedrestaurant experience. Customers are typically greeted with an ambiance of rock and roll. The company experienced significant growth and expansion in the 1990s. Today, Hard Rock Cafe is diversified, with operations in the food service (themed restaurants) industry, gaming (casino) industry, and hospitality (hotel) industry. The company has also achieved global status, with restaurants, hotels, and casinos in more than 70 countries. In 2007, the Seminole Tribe of Florida bought the company. At that point, the Hard Rock Cafe Inc. headquarters were moved to Orlando, Florida. This business case is an example of how the differentiation generic strategy can support business development. Also, this case of Hard Rock Cafe sheds light on theimportance…Hello. Can you assist on the following Hard Rock Cafe Inc. is a food service, hospitality, and gaming business originally focused on operating casual dining restaurants. Founded in London in 1971, the company developed its brand through the themedrestaurant experience. Customers are typically greeted with an ambiance of rock and roll. The company experienced significant growth and expansion in the 1990s. Today, Hard Rock Cafe is diversified, with operations in the food service (themed restaurants) industry, gaming (casino) industry, and hospitality (hotel) industry. The company has also achieved global status, with restaurants, hotels, and casinos in more than 70 countries. In 2007, the Seminole Tribe of Florida bought the company. At that point, the Hard Rock Cafe Inc. headquarters were moved to Orlando, Florida. This business case is an example of how the differentiation generic strategy can support business development. Also, this case of Hard Rock Cafe sheds light on theimportance…