Barber Shop The Product/Market Matrix - 490 Words

8. There are a couple of competitors in the local market. There are two salons that serve the local community, and these focus on the female market. There is also a basic barbershop that is affiliated with a national chain of low-end haircutters. The different customer segments are children, women and adult men. The product/markets matrix outlines how these different customer segments are served by the different companies in the market already. Children Women 18+ Men 18+ Basic Cut Chain Barbershop Chain Two Salons Chain Barber Shop Styling None Two Salons None Products None Two Salons Barbershop What this matrix shows is that there is a gap in the competition in this geographic area. The women of the area are served by two salons, and these salons provide all the services that women are looking for in hair service. Children and undiscerning customers also have the option of the chain haircutter. However, there is little in the market for the barbershop. The men of the area, and their sons, have little choice but to utilize the chain haircutter right now, but the barbershop would be able to enter that market and compete against the chain shop, with superior haircutting ability and superior customer service, in addition to having a competitive price. 9. The main target segment consists of men from the military base. My military experience means that not only can I relate to their haircutting needs but I can also relate to their customer service needs.Show MoreRelatedStrategic Management Ikea Case Study6700 Words   |  27 PagesStrategic Management IKEA Case Study Table of Contents Introduction Page 3 IKEA Strategy Description: Porter’s Generic Strategy Options Page 4 IKEA Strategy Description: Ansoff Matrix Page 7 IKEA Strategy Evaluation: Suitability Page 9 IKEA Strategy Evaluation: Porter’s 5 Forces Page 9 IKEA Strategy Evaluation: Capabilities Page 11 IKEA Strategy Evaluation: SWOT-Analysis Page 12 Stakeholder Expectations: Page 14 Conclusion: Page 15 References:Read MoreA Proposal for a New Market Strategy for the Thomas Burberry London Perfume Range6982 Words   |  28 PagesA proposal for a new market strategy for the Thomas Burberry London perfume range 1.0 Introduction The organisation I have decided to propose a new marketing strategy for is Thomas Burberry. This organisation is a distinctive luxury brand with international recognition and broad appeal. They design, source, manufacture and distribute high-quality apparel and accessories. Burberry was founded in Basingstoke, England in 1856; they have a unique heritage associated with Great Britain and positionRead MoreDtac Business Analysis38421 Words   |  154 Pages(850418) (831102) Tobias Eltebrandt The battle of DTAC in Thailand’s mobile phone operator market How can DTAC gain higher market share by focusing on customers in Bangkok? The purpose of this research is to investigate, analyze current competition between DTAC and other competitors with customer insight in order to find out the possibility for DTAC to gain more market share in Thai telecommunication market by focusing on customers in Bangkok area. Researchers apply ‘Business Strategy theory and MarketingRead MoreDtac B usiness Analysis38437 Words   |  154 Pages(850418) (831102) Tobias Eltebrandt The battle of DTAC in Thailand’s mobile phone operator market How can DTAC gain higher market share by focusing on customers in Bangkok? The purpose of this research is to investigate, analyze current competition between DTAC and other competitors with customer insight in order to find out the possibility for DTAC to gain more market share in Thai telecommunication market by focusing on customers in Bangkok area. Researchers apply ‘Business Strategy theory and MarketingRead MoreBusiness Plan7059 Words   |  29 PagesBranding_____________________________________________ Pg. 19 Position in Region______________________________________ Pg. 19 Marketing Description ___________________________________ Pg. 20 Target Customer_______________________________________ Pg. 20 Market Readiness______________________________________ Pg. 22 Competition___________________________________________ Pg. 22 Operations_________________________________________________ Pg. 25 Warehouse Operations__________________________________ PgRead MoreLabor Contractualization3560 Words   |  15 Pagesthe alarm on the steady growth of both unemployment and underemployment. The concrete situation of millions of sales ladies in our department stores and giant malls, some factory workers, house helpers, carpenters, gasoline boys, workers in the barber shops and parlors, whose jobs are â€Å"permanently temporary,† simply because they are contractuals. They have no stable jobs, no SSS, no medical insurance, no security of tenure—not to mention the 6 million Overseas Filipino Workers who are employed onRead MoreA Case Study of Marriott International9298 Words   |  38 Pagesgrowth and success. It aims to increase revenues by 9% every year, to increase profits by 5% annually, to gain brand loyalty from their international customers, and lastly, to increase their market share in the lodging industry by 3% within 3 years. Marriott International is ranked as number one in market capitalization and revenues in the lodging industry. In fact, it has been ranked by Fortune as among the â€Å"100 Best Companies to Work For.† It has a total of six business segments in its portfolioRead MoreBrand Building Blocks96400 Words   |  386 Pagesmotivation to build brands. The second reason, the proliferation of competitors, reduces the positioning options available and makes implementation less effective. The third and fourth reasons, the fragmentation in media and markets and the involvement of multiple brands and products, describe the context of building brands today, a context that involves a growing level of complexity. The remaining reasons reflect internal pressures that inhibit brand building. The fifth reason, the temptation toRead MoreExercises for Microeconomics17876 Words   |  72 Pagessupply Change in quantity supplied Complements Substitutes Demand curve Supply curve Economic efficiency Equilibrium Equilibrium price Equilibrium quantity Excess demand Excess supply Income effect Substitution effect Inferior good Normal good Market Market equilibrium Price ceiling Price floor Buyer’s surplus Seller’s surplus Total surplus Socially optimal quantity Price elasticity of demand Price elasticity of supply Elastic Inelastic Unit elastic Perfectly elastic demand Perfectly inelastic demandRead MoreGlobalization and It Effects on Cultural Integration: the Case of the Czech Republic.27217 Words   |  109 Pagesto world society; from identity to difference; from ‘stratified’ differentiation to ‘functional’† Luhmann (1982:133, 229). Armand refers globalization as â€Å"one of those tricky words, one of those instrumental notions that, under the effects of market logics and without citizens being aware of it have been naturalized to the point of becoming indispensable for establishing communication between people of different cultures† Armand (2000:97). For Armand, globalization has a dominant role in organizing

The Italian peninsula Free Essays

The Italian peninsula started off consisting and inhabited by a mixture of different ethnic groups, which includes the Sabines, Umbrians, Oscans and Latins. The Etruscans came from the sea from Lydia setting foot on North Eastern and Central Italy. They allied themselves with the Carthaginians, increasing their influence and conquering an enormous region of the Italian peninsula. We will write a custom essay sample on The Italian peninsula or any similar topic only for you Order Now Etruscan territory was composed of independent and separate city states that never came to form a unified Etruscan state and that absence of national identity brought the Etruscan dominance over the Italian peninsula to an end. The Greeks, on the other hand, settled over South Western Italy and the island of Sicily. The Greeks of Italy were engaged in primarily in commerce, thus pressure from adjacent civilizations had suppressed territorial expansion. The settlements being far off from Greek military influence and the lack of unification among these colonies, similarly as the Etruscan confederacies, had lessened their grip of the Italian territory. Near the borders of Etruscan influence, Rome was built in 753 BC as a city of Italic peoples living south of the Tiber. Rome was controlled by an absolute monarch, his rule checked and balanced by a council of elders, which was the Senate. However, during the 6th century, the Etruscans extended its control over Rome to suppress its development and established Etruscan monarchs as kings of Rome. Finally, in 509 BC, the Romans expelled the last Etruscan kings and started their conquest of Italy. Romans found themselves allied with the Greeks and other Latin tribes, although wielding supremacy over them, driving away the Etruscans from the Italian peninsula. However, the Latins resented the Romans hegemony over them and revolted against them, although the Romans dismantled them and took control over Latium. The Romans seized the rest of Italy through liberal and militaristic policies. The Romans cunningness in collaborating with native rulers and granting certain rights to citizens of cities that they have conquered enabled them to take control of Italy without encountering united opposition. How to cite The Italian peninsula, Papers

Authorized To Act On Behalf Of Principal †Myassignmenthelp.Com

Question: Whether Jeremy Is In Violation Of His Duties As An Agent Against Aspirational Developments? Answer: Introducation An agency is the kind of relationship that is established between two parties. The first party is called a principal and the other party is called an agent. It is a kind of relationship wherein the agent is authorized to act on behalf of the principal with an outsider and any acts that are undertaken by an agent is binding upon the principal. There is no presence of any contractual relationship, the only requirements is the presence of authority on the part of the agent which is delegated upon him by his principal.[1] The relationship of an agency amid the principal and the agent can be established in four different manners. That is either expressly or by estoppel or by ratification or by operation of law. [2] Once an agency is established amid the principal and the agent, then, the principal is bound by all the actions of an agent. [3] Considering all the above factors, the authority of an agent can be categorised as: Actual Authority Actual authority are of two kinds:[4] Express authority An express authority is an authority directly delegated to an agent. In order to create an express authority it is necessary that the principal must either by agreement, words or deed grant an authority to the agent and is called an express actual authority[5]. Implied authority The authority that is additional to the express authority so that the acts of the principal can be honoured appropriately by the agent. These are the presumed authority that comes along with the express authority and is established in Hely-Hutchinson v Brayhead Ltd (1968). Apparent Authority A representation which is made to the third-party which portrays that the person is the agent of the principal and has the requisite authority to bind the principal is called an apparent authority. Acts conducted within the apparent authority by an agent is binding upon the principal. The representation must be made by the person who actually had the authority to enter into the contract and is held in Crabtree-Vickers PL v Australian Direct Mail Advertising Addressing Co. Pty Ltd (1975). In the leading case of Australia and New Zealand Bank Ltd v Ateliers de Construction Electriques de Charleroi [1976], it was held that the principal who had the actual authority must had made representation to the third party that the agent has the requisite authority to enter into a contract thereby granting an apparent authority to an agent. The principal of apparent authority is also analysed in Panorama Developments v Fidelis Furnishing Fabrics Ltd [1971]. The difference amid an apparent autotype and an actual authority was rightly analyzed in Freeman and Lockyer v Buckhurst Park Properties(Mangal) Ltd. Application of Law The facts reveal that Gabba Pty Ltd is a company and provides one of the luxury facility in the name of Noora Norra Golf Club Resort. Ricardo is the senior curator and ground manager at the Resort. The Resort is facing financial difficulties and thus the CEO of the Resort informs Ricardo that he is only authored to enter contracts on behalf of the Resort up to the amount of $ 10,000. It is assumed that the CEO of the Resort has an actual authority to enter into contract of behalf of the company. Thus, since the CEO has the power to enter contracts on behalf of the company, thus, he can delegate such authority to his agent as rightly established in Freeman and Lockyer v Buckhurst Park Properties(Mangal) Ltd . Under the law established in Hely-Hutchinson an express authority is delegated to Ricardo to contract on behalf of the CEO but only to the extent of $ 10,000. Now, the authority that is delegated to Ricardo is limited in extent. However, Richard exceeded this express authority when he enters into a contract with Willow Landscaping for a contract amount of $ 13,000 with an extra cost of $ 4000 (water feature). Later CEO after considering the circumsttbces tells Willow to Proceed. Thus, by making a representation to Willow to proceed an apparent authority is granted to Ricardo thereby authorizing his him contract with Willow for an amount exceeding $ 10,000. As per Australia and New Zealand Bank Ltd v Ateliers de Construction Electriques de Charleroi [1976], apparent authority is granted to Ricardo and the acts undertaken by Ricardo within such authority is binding upon the CEO and thus upon the company. Thus, the contract entered by Ricardo is within his apparent authority. An agent is the authorized representative of his principal. The principal appoints an agent, grants him authorities and empower him to carry out the tasks that are authorized to him by the principal under actual or apparent authority. Any person can be appointed as an agent by the principal including a minor. There are several kinds of agents that is, general agent, special agents, and universal agents, etc. whatever may be the category of an agent there are few duties that every agent must comply with. The same are:[6] Duty not to make secret profits - An agent is not permitted to make any secret profits and reimburse to the principal. In Regier v Campbell-Stuart [1939] the agent was held liable for making secret profits. Duty to make full disclosure to the principal - Every agent must disclose any personal interest and all relevant information that arise while carrying out his acts as an agent. In Mcpherson V Watt (1877), the agent in order to own the property of his principal (which he is authorised to sell on behalf of the principal) brought the property in the name of his brother. It was held that the agent was in violation of his duty to avoid conflicts of interest and the contract was not allowed; An agent must act as per the directions and instructions of the principal; No agent can delegate his duties unless he is specifically authorised to do so by the principal; Every agent must act in a fiduciary manner and with all good faith; Care and skill must be performed while carrying out his duties; If an agent is found to be guilty of not performing his duties appropriately, then there are various consequences that can be faced by him. The same are dismissal, no commission; sue for losses suffered by the principal. The agent can be held liable towards his principal when the agent does not comply with his duties and the directions of his principal. The law is now applied. Application of Law Jeremy is the agent of Aspirational Developments Pty Ltd and he is assigned with the tasks of selling high-rise units off the plan. He recently became aware that third competitor is facing financial difficulties thus their units might become valuable. In order to earn profits he ask his friend to arrange for funds so that he can purchase three units and lets split the profit in two. It is submitted that Jeremy is the agent and thus he must comply with his tasks with all due care and skills. He must not ring in nay personal gains and if there is any conflict of interest then the interest of principal must prevail (Mcpherson V Watt). However, by buying three units without disclosing the fact to his principal, Jeremy has made secret profits and thus is in violation of his duties as an agent. As per Regier v Campbell-Stuartno agent is permitted to gain secret profits and the same must be reimbursing to his principal. He is even in breach of his duties when in return for a small payment, he informs several people who have expressed an interest in purchasing a unit of the news. Thus, Jeremy must face liabilities for his actions and he must reimburse the profits that are gained by him. His services can also be terminated by Aspirational Developments Conclusion Jeremy is in violation of his duties as an agent against Aspirational Developments and must face liabilities for the same References Gibson, Andy and Fraser, Douglas, Business Law 2014, (Pearson Higher Education AU,11-Oct-2013). Pont, Gino Evan Dal , Law of Agency (LexisNexis Butterworths, 2008). Turner, Cliver, Trone, John, Gamble, Roger , Concise Australian Commercial law Thomas Reuters, 4th Edition. Tomasic, Roman, Bottomley, Stephen and McQueen, Rob, Corporations Law in Australia (Federation Press, 2002). Australia and New Zealand Bank Ltd v Ateliers de Construction Electriques de Charleroi [1976]. Crabtree-Vickers PL v Australia Direct Mail Advertising Co PL (1975). Freeman and Lockyer v Buckhurst Park Properties(Mangal) Ltd [1964] 2 QB 480. Hely-Hutchinson vBrayhead Ltd [1967]. Mcpherson V Watt (1877). Panorama Developments v Fidelis Furnishing Fabrics Ltd [1971]. Regier v Campbell-Stuart [1939]. The Law Teacher, Contracts made by Agents (2017) https://www.lawteacher.net/free-law-essays/contract-law/contract-made-by-agents.php. [1] Gno Evan Dal Pont, Law of Agency (LexisNexis Butterworths, 2008). [2] The Law Teacher, Contracts made by Agents (2017) https://www.lawteacher.net/free-law-essays/contract-law/contract-made-by-agents.php. [3] Cliver Turner, John Trone, Roger Gamble, Concise Australian Commercial law Thomas Reuters, 4th Edition. [4] Roman Tomasic, Stephen Bottomley and Rob McQueen, Corporations Law in Australia (Federation Press, 2002). [5] Hely-Hutchinson vBrayhead Ltd [1967]; Freeman and Lockyer v Buckhurst Park Properties(Mangal) Ltd [1964] 2 QB 480. [6] Andy Gibson and Douglas Fraser, Business Law 2014, (Pearson Higher Education AU,11-Oct-2013).