relationship between customers, supermarkets and the supply and demand of shopping trolleys

Related BrainMass Solutions

• Minimum sample size for testing mean shopping times

  The executives hire a statistical consultant and ask her to determine the mean shopping time, mu, of customers at the supermarkets.

• Key Opperating Efficiencies in the Supermarket Business

  This can help determine product offerings, profit margin, product turns, shopping profiles, and employee performance. Customers must remain in the forefront, in order to remember the ultimate focus is on serving the customers.

• Business Operations and the Internet

  This does not help with knowing what deals went over big with what customers but it does assist in the overall supply of the products in the store.

• Low Prices: Superior Supermarkets

  Price is an important determinant for the customer's in terms of selecting the store for day to day shopping. The everyday low pricing strategy will help Superior to attract price conscious customers in the area.

• Sample size necessary to estimate a population mean.

  The executives hire a statistical consultant and ask her to determine the mean shopping time of customers at the supermarkets.

• Confidence Interval & Sample Size

  The executives hire a statistical consultant and ask her to determine the mean shopping time, of customers at the supermarkets.

• Carrefour's Business Model vs. Other Models

  Traditional supply chain model involves only an exchange of orders between companies.

• Logistics - Alignment Concepts

  It focuses on the relationship with the customers and suppliers and involves sharing information freely and rapidly. This is particularly valuable, when customer demand is uncertain, such as in the retail industry (Gattorna, 2009).

• Managerial Economics and Globalization

  The price elasticity is -1.19 that shows the adverse relationship between the price and the demand. The price should be cut by the firm to increase the market demand.