We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

One important way monopolistically competitors differentiate their products is by location - Essay Example

Comments (0)
Summary
John Campbell in the article time to shop: the geography of retailing (Campbell 6) states that shopping trends of most consumers have a need of saving time, convenience and even pleasure while shopping. As such, they consider the location of their shopping areas. With such…
Download full paper
GRAB THE BEST PAPER
One important way monopolistically competitors differentiate their products is by location
Read TextPreview

Extract of sample
One important way monopolistically competitors differentiate their products is by location

Download file to see previous pages... One such strategy involves locating shopping areas, influenced by vacation trends of consumers. Such retailers establish shopping areas either at central areas of consumer’s trip or in vacation destinations. This locational strategy has been successful to the retailers. In the short term, retailers have increased sales during the vacation times. This is because consumers who have made vacation trips prefer doing their shopping at central points of their trip (Campbell 8). On the other hand, considering a long-term strategy, particularly when several factory retail outlets cluster together in an area, they become an attraction to shoppers. Such clusters are popular since this form of vacation retail is enjoyable to the consumers. It can be because many consumers usually treat themselves with shopping when travelling than when at home.
Another retail strategy based on location involves the providence of convenience to consumers. This is in particular to urban centers where shopping is an activity to compete with other activities. As such, there is the need to save on time by the consumers (Campbell 9). Retail areas close in terms of location often have those goods in high demand such as liquor or video stores. However, also based on convenience, for other exotic goods, consumers prefer areas with clusters of stores. Such areas thus have high traffic flow in terms of consumers. In the short term, this strategy of situating shopping areas in the most convenient areas beams of success because consumers want value for their time and it enables them to shop for related items in the same area. This strategy will succeed in the long term. This can be related to the convenience created by clusters of shopping stores in various areas. Consumers prefer such areas since they will get goods they need all in one trip. It also helps to avoid the hustle of comparing goods for infrequent but costly ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Was Hamlet sane or insane
Was Hamlet sane or insane? Hamlet by William Shakespeare is deservingly considered to be one of the greatest plays of all times. The action takes place during the period of decadence, and this predetermined the development of the theme of Hamlet. Hamlet seems mad, but the question is if he was really insane.
3 Pages(750 words)Essay
Why is it important to differentiate your product Would a cost leadership strategy be more effective Why or Why not
The companies to thrive in the market need to be more strategic in planning their activities. To attract the customers to their products, companies of today are being deeply involved in good customer relationship management. Apart from that the new channels of the marketing are being developed to cater to the growing consumerism.
7 Pages(1750 words)Essay
Why it is important to differentiate the curriculum for gifted learners in schools
This is particularly important in the case of gifted students with higher levels of thinking and abstraction, an order to help these students reach their full potential. Brown &
2 Pages(500 words)Essay
Major Competitors
Smith & White has a very strong presence in the consumer and professional tools market. This company’s competition, Makatume, also has superior dominance, however in different market environments and customers. This report
5 Pages(1250 words)Essay
Nutrition
Essential nutrients consist of vitamins, fatty acids, carbohydrates, minerals, amino acids (Nutrition Online, n.d.). b) Macronutrients: Most part of our diet consists of macronutrients which are responsible for
4 Pages(1000 words)Research Paper
One-Way Experimental Designs
One half of the participants were told that the pill will make them feel "sleepy," and the other half are told that the pill will make them feel "awake and alert." The next day the participants returned to the lab
1 Pages(250 words)Essay
Location, Location, Location
The second benefit is that it can help in keeping things up to date. Thirdly, when one resorts to leasing instead of owning, the dependence on other credit sources can be
3 Pages(750 words)Essay
Location, location, location
There are voluminous literature regarding the process of site selection, but interestingly, a few of them present similar reports. This is because different businesses perform different in their location, a factor that results from the nature of business. Nonetheless,
2 Pages(500 words)Essay
23andMe Completion, Competitors and their Products
Its personal genomic test kits where individuals use saliva was the best invention named by the times in the year 2008. The company is cost-effective and convenient since individuals only send their saliva to them and the company posts the genome results online for the customers to download.
6 Pages(1500 words)Assignment
Let us find you another Essay on topic One important way monopolistically competitors differentiate their products is by location for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us