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Describe the ways to increase sales and profitability.pptx
- 1. Ways to increase sales and profitability. About this deck Office 365 subscribers can add 3D models to documents and rotate the angle to show the right view. If you don’t have a subscription, the deck simply shows a single view.
- 2. • Check it: Crypto Quantum Leap When we look at the statistics of sales and profitability, we will see that there are many ways to increase sales and increase income. When looking at our competitors’ strategies, the question is how they are doing better than us. There are times when companies have their own reasons for success, but it does not mean the competition is wrong. This paper will analyze the competitive advantage of Wal- Mart from two different perspectives. Ways to increase sales and profitability.
- 3. First, Wal-Mart has several locations which offer products from all kinds of people from all parts of the world, including low-income earners and middle-class customers in America. From this analysis of its capabilities, one can conclude that Wal-Mart offers products from almost every society on earth. Wal-Mart stores have been developed so as to provide their consumers with a wide range of products that are in most demand. Check it: Crypto Quantum Leap Ways to increase sales and profitability.
- 4. The second aspect that Wal-Mart should be well known for is its financial strength. The company boasts of having a net worth of $1.2 trillion, which makes it extremely popular among investors. In addition, the company has an overall income of $10 billion, making it one of the biggest American retail chain (Pavlova & Daskin, 2014). Apart from that, Wal-Mart has also been named and ranked number one by Forbes Magazine and Fortune magazine because of its ability to make profits. Check it now: Exynox Scalper - Highly Converting Forex Product Ways to increase sales and profitability
- 5. From the above case study, we can say that Walmart possesses a good position of growing profit margin because of its unique way of production. Wal-Mart is very efficient at producing high quality goods and is an industry leader in providing affordable prices for their consumers. The management team of Wal-Mart has always come up with new techniques to improve their revenues and grow more profit margins. As of 2007, the company had raised its earnings growth from 4 percent to 14 percent. This translates into higher profits, implying increasing profits over the previous years. Currently, according to data provided by Bloomberg Business Week, Wal-Mart has more than 2,000 different business segments in nearly 500 countries across nine continents. Ways to increase sales and profitability.
- 6. They are categorized to produce approximately 22 percent of global retail trade, and employ over 350,000 workers worldwide (Pavlova & Daskin, 2014). In addition, Walmart continues to operate 24 hours a day, seven days a week (Judd et al., 20191), which implies that Walmart operates during peak customer business hours. With the right strategy of promotion, it would be easier to ensure higher profitability than some of its rivals. Based on this information, it is easy to deduce that Wal-Mart is the best in terms of increasing sales and profitability for its customers. Check it now: CryptoCurrency Offer - Keystone Investors Club Ways to increase sales and profitability.
- 7. Judd, C. J., Garecht, B., Lienhard, K., & Kornreuther, E. (2012). Global operations management: Challenges, opportunities, and issues from a critical perspective. New York: Routledge.Pavlova, P. R., & Daskin, M. N. (2014). Supply Chain Processes Theory and Practice (13th International ed.). New York, NY: McGraw-Hill Education.Shelby, T. A. (2015, April 19). Why Companies Grow. Retrieved August 3, 2015, from Money, News, And World Markets: http://www.moneynews.com/2015/09/19/why-companies-grow/Walmart Inc. (2014). Fiscal Year 2014. Retrieved May 17, 2015, from https://www.walmart.com/investors/financial-reporting/en/financial-reports/Wang, Y., Chang, H., Kim, J. W., Lee, S. W., Li, Z., Lin, W.,… Zhu, Q. (2013). An Analysis Of Competitive Advantage Strategies For Costco Wholesale Corporation. Journal Of Retailing Management 26(6), 558-573. References