The case of Superior Supermarkets demonstrates the need for retailers to evaluate whether low pricing strategy is indeed the right solution and approach to increase competitiveness in the trade and for consumers. For Superior, the option to use EDLP as a pricing strategy must include an assessment of the retail grocery chain's pricing strategy prior to launching the EDLP approach. This way, Superior can best identify if the EDLP is the best approach after assessing pricing for all grocery items/product categories (i.e., do most or only few of the items need further reduction to increase pricing competitiveness). In addition, it would also be wise for Hall to determine, from consumer research results, the different "dimensions" that consumers give to the determinant "price." It is possible that "price" for consumers is simply looking at the price per se, and it is also possible that other consumers evaluate prices differently, attaching a specific value to it -- that is price plus quality of product/item, price plus shopping convenience, price plus consistency of pricing, among others. Dimensionalizing price will provide Hall with an indication if indeed, low prices or price reductions is the major determinant for supermarket preference and patronage, or maybe other factors or determinants come into play and are fused/integrated with consumers' perception of "price." DQ4: Please compare Superior Supermarket to a supermarket...
Are they trying to compete on the platform of EDLP or something else? What is the message they communicate to consumers using IMC?
Tesco, the largest UK company, employs 260,000 people. This corporation has global aspirations and has come a long way in a relatively short period of time" (2003, p. 3). According to the company's promotional literature, the employment figure for 2003 has almost doubled today, as shown in Table 1 below. Table 1 Current Key Figures for Tesco Category Statistic Staff worldwide 472,000 Staff in the UK 287,669 Stores worldwide 5,008 Total stores in the UK 2,545 Extra 13 Homeplus Superstore Metro Express OneStop Number of markets 14 Which markets China, Czech Republic, Hungary,
They both serve the purposes of the stakeholder category formed from clients, they just do this with different understanding. Then, the well-being of the stockholders was constantly on the minds of the negotiating CEOs at Wal-Mart and Procter and Gamble. In this order of ideas, all their endeavors were focused on increasing shareholder value. Basically, this materialized in an ongoing desire to increase profitability. Higher profits would result in larger
difficulties with marketing varies from organization to organization and the first matter to learn when dealing with the marketing of any organization is to understand the nature of functioning of the organization and then decide on the methods of marketing that will be applicable. Present position Let us hear from Sainsbury's as to what they are: "We're a leading UK food retailer with interests in financial services. J Sainsbury plc consists
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