Outfits management has decided it wants to expand its customer base by introducing a new product...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Outfits management has decided it wants to expand its customer base by introducing a new product line. You have the perfect product in mind for them! There is just one problem: most of the suburban Anglo-Canadians in their twenties who live near Outfits already shop there. The store has a dynamic online shopping environment that is popular with customers. After careful consideration, management decides that its online component is the key to increasing the customer base, thereby increasing sales. Explain how your product (which can be imaginary) is a good fit for Outfits goal to market a new line of products that are appealing to a diverse, online clientele. Consider how globalization and social media marketing can increase their sales and customer diversity in a presentation that explains the following: • What your product is and why you think a store such as Outfits should carry it. How can the product increase local sales? Does it appeal to an online market? • What makes your product exciting and relevant to today's consumers • If your product is culturally aware and diverse • How federal, provincial, and municipal laws and regulations might impact the sale of your product • Any ethical issues related to your product and/or how it overcomes ethical, environmental, and diversity issues. • Any ethical issues related to your product and/or how it overcomes ethical, environmental, and diversity issues. How changing consumer and population trends will affect retail and service businesses and why your product is a "good fit" with Outfits • How Indigenous peoples might be impacted by your product and its marketing How social media can be used to market your product Outfits management has decided it wants to expand its customer base by introducing a new product line. You have the perfect product in mind for them! There is just one problem: most of the suburban Anglo-Canadians in their twenties who live near Outfits already shop there. The store has a dynamic online shopping environment that is popular with customers. After careful consideration, management decides that its online component is the key to increasing the customer base, thereby increasing sales. Explain how your product (which can be imaginary) is a good fit for Outfits goal to market a new line of products that are appealing to a diverse, online clientele. Consider how globalization and social media marketing can increase their sales and customer diversity in a presentation that explains the following: • What your product is and why you think a store such as Outfits should carry it. How can the product increase local sales? Does it appeal to an online market? • What makes your product exciting and relevant to today's consumers • If your product is culturally aware and diverse • How federal, provincial, and municipal laws and regulations might impact the sale of your product • Any ethical issues related to your product and/or how it overcomes ethical, environmental, and diversity issues. • Any ethical issues related to your product and/or how it overcomes ethical, environmental, and diversity issues. How changing consumer and population trends will affect retail and service businesses and why your product is a "good fit" with Outfits • How Indigenous peoples might be impacted by your product and its marketing How social media can be used to market your product
Expert Answer:
Answer rating: 100% (QA)
The product I propose for Outfits is a line of genderneutral sustainable and inclusive clothing This product is a good fit for Outfits as it aligns wi... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
Posted Date:
Students also viewed these general management questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Case study Barclays Bank: PEST, SWOT and Five Forces Analysis Barclays bank is providing its services in India in some their selected business divisions. Barclays bank now wants to expand its...
-
The following data pertain to the securities of Linford Company during 2012, the companys first year of operations: a. Purchased 400 shares of Persimmon Corporation stock at $40 per share plus a...
-
Name four special journals used in accounting systems. For what type of transaction is each designed?
-
A company manufactures two products A and B. The budget statement below was produced using a traditional absorption costing approach. It shows the profit per unit for each product based on the...
-
For the reaction \(\mathrm{CO}(\mathrm{g})+2 \mathrm{H}_{2}(\mathrm{~g}) ightarrow \mathrm{CH}_{3} \mathrm{OH}(\mathrm{g})\), with increase in pressure the degree of conversion (a) Decreases (b)...
-
The following set of seven jobs is to be processed through two work centers at George Heinrichs printing company. The sequence is first printing, then binding. Processing time at each of the work...
-
The inventory for Target over last three years was 403 in 2022, (3249) in 2021, and (1661) in 2020 (United States Securities and Exchange Commission, 2023). Inventory uses LIFO method, states...
-
Mendina, Incorporated produces an advanced type of coffee maker. Information about the coffee maker is below: Total Variable Cost at 200 units Total Cost per Unit Sales Price Target Profit Volume...
-
You are the VP of Finance of XM, the leading producer of refrigeration equipment for the domestic market. XM sells all of its products to a large retail chain. Based on the Actual vs. Budget Report...
-
Assume in a CAPM equilibrium: the risk-free rate is 2%; the expected return of the market portfolio is 10%; the variance of the market portfolio is 20%. Suppose the expected return of asset X is 18%,...
-
Suppose that Loki started out his investment with $50 at the beginning of 2018. Loki did not invest any additional amount at the beginning of 2019. Later on, he deposited an additional $500 at the...
-
The Torricelli experiment is performed in an atmosphere of unknown pressure ( on Earth, is same gravitational force ) . The height of the mercury column, h , is measured to be 7 3 5 mm . What is the...
-
Using ROE, P/B ratio and P/E ratios, discuss the market's expectation on future performance of A and B relative to their current performance (current ROE/ profitability). Company A and B are in the...
-
The frame supports an external load and moment as shown. The horizontal and vertical components of the pin reactions at C and the magnitude of reaction at B.
-
Consider the following. r(t) = (2t, In(t), t In(t)) Find r'(t) and r"(t).
-
This exercise shows the similarity and the difference between two ways to acquire plant assets. Case AIssue shares and buy the assets in separate transactions: Atar, Inc. issued 10,000 common shares...
-
Verifine Used Auto Sales asked for your help in comparing the companys profit performance and financial position with the average for the auto sales industry. The proprietor has given you the...
-
Sigma Security, Inc. began the year with $15,000 of common shares and $32,000 of retained earnings. On May 5, investors bought $12,000 of additional shares in the business. On August 22, the business...
-
Form small groups of four to five individuals. Using the worksheet Be the Best We Can Be Team Norms, discuss how the answers to the questions can assist the group with developing team norms so that...
-
Explain why teams and groups are not the same.
-
List the teams of which you are a member. Select one of these teams to analyze. Is it a high performing team? If so, why is it? If not, why isnt it? What changes need to be made to increase the the...
Study smarter with the SolutionInn App