1. The document presents research conducted on the impact of online shopping on retail business in India.
2. It analyzes the sales drop in retail outlets due to the increasing popularity and convenience of online shopping sites/applications. Online shopping offers discounts, varied products, and satisfying delivery and service.
3. The research objectives are to study the effects on retail store profitability and pricing patterns, and how retailers can adapt business patterns to improve customer satisfaction.
Managerial implications of Empirical StudyDisha Ghoshal
• When customer expectations and perceptions meet, it is called customer satisfaction and when expectation exceeds perception it is called customer delight. The scope of our research delved into the factors that provide a feel-good factor to the customer and narrowed down the impacting variables including store lighting, store music, haptics, sales experience, location and visual merchandising.
Increase Revenue By Measuring Customer Behavior Complete DeckSlideTeam
Understanding customer behavior is of critical importance in getting actionable insights for increasing revenue of the business. Not only does customer behavior insights help to acquire more customers at cheaper costs, it also helps a business formulate strategies to better engage them and reduce customer churn. Analyzing customer behavior requires a business to study a customers on site or online behavior. How much time do they spend on the website Which products are browsed the most Likewise, customers purchasing history also gives interesting insights. Which products are brought the most Which days bring in the most sales All these behaviors give insight to marketing and sales team for making appropriate strategies. Customer Behavior analytics also involve studying email engagement analytics. Out of how many emails sent to the customers were opened. How many were clicked at and how many eventually resulted in a sale The best performing email campaigns can be replicated to drive more revenues in future. Lastly, customer experience analytics give the businesses an honest feedback of the effort customer has to put to resolve issues, their satisfaction score and loyalty score. All these customer behaviors cumulatively give wealth of data and insights to create the best marketing strategy, product strategy, sales strategy, and in turn business growth strategy. https://bit.ly/2BVE5GL
To understand the various factors that influence the purchase intention of the various consumers and to understand their mindset while they purchase a smartphone
Managerial implications of Empirical StudyDisha Ghoshal
• When customer expectations and perceptions meet, it is called customer satisfaction and when expectation exceeds perception it is called customer delight. The scope of our research delved into the factors that provide a feel-good factor to the customer and narrowed down the impacting variables including store lighting, store music, haptics, sales experience, location and visual merchandising.
Increase Revenue By Measuring Customer Behavior Complete DeckSlideTeam
Understanding customer behavior is of critical importance in getting actionable insights for increasing revenue of the business. Not only does customer behavior insights help to acquire more customers at cheaper costs, it also helps a business formulate strategies to better engage them and reduce customer churn. Analyzing customer behavior requires a business to study a customers on site or online behavior. How much time do they spend on the website Which products are browsed the most Likewise, customers purchasing history also gives interesting insights. Which products are brought the most Which days bring in the most sales All these behaviors give insight to marketing and sales team for making appropriate strategies. Customer Behavior analytics also involve studying email engagement analytics. Out of how many emails sent to the customers were opened. How many were clicked at and how many eventually resulted in a sale The best performing email campaigns can be replicated to drive more revenues in future. Lastly, customer experience analytics give the businesses an honest feedback of the effort customer has to put to resolve issues, their satisfaction score and loyalty score. All these customer behaviors cumulatively give wealth of data and insights to create the best marketing strategy, product strategy, sales strategy, and in turn business growth strategy. https://bit.ly/2BVE5GL
To understand the various factors that influence the purchase intention of the various consumers and to understand their mindset while they purchase a smartphone
Delivered by Dan Malloy, Product Manager with Naked Lime Marketing at Digital Dealer 17. In this presentation, you'll learn:
• The impact of social media on reputation management.
• How a response handling plan makes reputation management more effective.
• Using customer surveys to get ahead of the reputation game.
Technology is quickly changing the face of retail delivery. The customer experience is increasingly remote. In this new environment how are financial institutions going to establish meaningful personal relationships that are so important to cross selling? How are they going to build the emotional connections that drive customers to them for future needs?
The customer experiences that drive sales, profits and importantly, repeat business— include a seamless journey through checkout and beyond—all the way through to when the order arrives at the customer’s door.
Learn tips and best practices in this webinar recording Hosted by Don Davis, Internet Retailer Editor in Chief, with keynote speakers Donald Yee, VP of Boston Retail Partners and John Cooney, Enterprise Account Director at PCA Predict.
Research for analysis was conducted at Super Stop & Shop, in Glendale, NY. Slideshow is a result of student research and is not the result of research conducted by The Stop & Shop Company, LLC or their affiliates. Photos of the Stop & Shop store logo, smartphone application, products, coupons, and Stop & Shop Card are property of The Stop & Shop Company, LLC.
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Delivered by Dan Malloy, Product Manager with Naked Lime Marketing at Digital Dealer 17. In this presentation, you'll learn:
• The impact of social media on reputation management.
• How a response handling plan makes reputation management more effective.
• Using customer surveys to get ahead of the reputation game.
Technology is quickly changing the face of retail delivery. The customer experience is increasingly remote. In this new environment how are financial institutions going to establish meaningful personal relationships that are so important to cross selling? How are they going to build the emotional connections that drive customers to them for future needs?
The customer experiences that drive sales, profits and importantly, repeat business— include a seamless journey through checkout and beyond—all the way through to when the order arrives at the customer’s door.
Learn tips and best practices in this webinar recording Hosted by Don Davis, Internet Retailer Editor in Chief, with keynote speakers Donald Yee, VP of Boston Retail Partners and John Cooney, Enterprise Account Director at PCA Predict.
Research for analysis was conducted at Super Stop & Shop, in Glendale, NY. Slideshow is a result of student research and is not the result of research conducted by The Stop & Shop Company, LLC or their affiliates. Photos of the Stop & Shop store logo, smartphone application, products, coupons, and Stop & Shop Card are property of The Stop & Shop Company, LLC.
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More on https://www.omniconvert.com
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What is E-commerce? What are the major strategies that must be overviewed while initiating a online business? Online business in Nepal is one of the contemporary issues. There are many online business websites in Nepal. What are they currently doing, how are they rendering services?
What things must a business person consider then doing online business? Online Business; What is E-commerce; What are the points to be considered while starting online business?
This course will cover the basics of managing customer experience. It will explain why it is important for a seller to ensure good customer experience.
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The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Sectors of the Indian Economy - Class 10 Study Notes pdf
brm ppt
1. NAME ROLL NUMBER
Abhishek Kumar 2015321
Ashwini Agarwal 201600222
Himanshu Sharda 201601225
Mohit Bhatter 201601124
Sagar Kewalramani 201611103
Shashank Sharma 201601329
GROUP NO. 9
Section F
Submitted To:
Dr.Santhi Perumal
BUSINESS RESEARCH
ON
Impact of Online shopping upon retail Business
2. Conducting Research to analyze the sales drop in
Retail outlets in India due to upcoming online
shopping sites/applications and existing players.
3. Our motivation is based on the increasing popularity of online trade and
declining retail trade business.
Online trade has gained so much popularity because of its convenience
model and customer satisfaction in terms of product delivery, quality and
services.
Whereas the retail trade business has taken a hit because of the discount
model followed by the online trade business which is lucrative for the
customers.
4. The research has been conducted with the following
objectives:
• To study the effect on profitability of retail stores due to
upcoming e-stores
• To analyze the effect upon pricing patterns of retail
stores.
• To analyze the change in business pattern to achieve
customer satisfaction
5. Descriptive Research
To identify the characteristics or behavior of sample
population about decision making.
Quantitative data collection methods include Online
Surveys.
6. Sample Size And Sample Unit- surveying population of students of IMT-
Nagpur.
Sampling Techniques- For the study convenient sampling technique method
has been applied on the basis of suitability for the availability of information
and which has a substantial share in the market so as to give more accurate
picture of the impact of online shopping.
Data Collection Techniques- The data for the study has been collected through
applying the following techniques: Direct interaction and Investigation through
trends.
Representation Tools- The data collected and classified, will be tabulated and
represented through chart and bar diagram in the main presentation.
7. How frequently do you visit any retail store?
•Once in a week
• Once in 15 days
• Once in a month
• Once in 2-3 months
Which products do you purchase more often ?
• Groceries
• Electronic Goods
•Apparels
•Others (specify)________________
Which source made you to buy product from online store?
• Google ads
• Television
•News paper
•Friends/others
Why do you make purchase of products online ?
• Low price
•Better Quality
•Variety of products
•Various Brands
•others (specify)__________________
8. How are the re-preventatives interactions are at retail stores?
• Effective
• not effective
• Good
• No Interaction
How is the customer service department in retail store, is it effective in providing service?
•fast service
•slow service
• not sufficient service
• not good service
Does retail stores offer any special, discount on prices?
• yes season wise service
• no special offers
Are you waiting for a long time at the billing section at retail store ?
• YES
• NO
DO you prefer retail store over online store ?
• YES
• NO
How is online store maintaining product QUALITY, QUANTITY compare to other retail stores?
• Good
• Normal
• Not good
• Poor
9. • Trends shows that people are preferring online store
over retail store because of its discount model and
easy to buy services which will be practically done by
floating a google form in further research.
• People have to spend time looking for products at
retail stores and also at the billing counter which can
be negated by using the online shopping model.