Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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The Internet and other information systems have had a significant impact on Michael Porter's five forces of competition, and this has helped Save Mart Cash & Carry gain an edge in the marketplace.
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- what effect has inventory management (as separate from increasing sales) on cash? Why/how can inventory management be critical? Investigate the costs of owning inventory.arrow_forwardWill e-commerce eventually replace traditional brick-and-mortar retailing? Why or why not? Illustrate your answer with an example.Can you write a long answer please?arrow_forwardHow can brick-and-mortar stores avoid becoming too “sterile” when using information systems to compete against e-tailers?arrow_forward
- Why is inventory management a critical operation in business? Can you name at least one major retailer that shot to the forefront of the industry simply because of its innovative inventory management mechanism?arrow_forwardHow might the growth in online marketing affect the structure of retail supply chains? Provide and discuss one example of companies who have succeeded and one example of those who have faltered by this growth.arrow_forwardDiscuss the future growth and nature of wholesaling if chains, scrambled merchandising, and the Internet continue to become more important. How will wholesalers have to adjust their mixes? Will wholesalers be eliminated? If not, what wholesaling functions will be most important? Are there any particular lines of trade where wholesalers may have increasing difficulty?arrow_forward
- Discuss three key challenges for a retail store warehouse manager and provide an explanation of how you will overcome each of these challenges.arrow_forwardWhat are two advantages of mobile-based and voice-based e-commerce?arrow_forwardWhat is inventory management and why are they important for society? How can inventory management be applied to the real world?arrow_forward
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