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Mathematics, 04.09.2021 01:00 coopera1744
HELP ASAP Analyze the business model that Carrie has created for her business and determine which actions are helpful in making her business profitable.
Carrie owns a chain of furniture and home appliance stores. She has noticed that college students and newly married couples are often disappointed in the furniture they can afford. Her business idea is to create a new line of beautiful, durable furniture at low prices. Because she already owns stores, she has a set process for operations in place. Her designers will work with manufacturers to create a plan for reusing existing production processes. They will buy materials and inventory in bulk. They will use flat packaging and large volumes. Her stores are located close to major cities.
Recently, Carrie’s competitor, which is known for its line of kitchen appliances, has introduced new kitchen products. This company has also started giving coupons to customers. After noticing the competitor’s popularity, Carrie’s marketing team launched a similar marketing strategy. They introduced new kitchen products, and they promoted them using various social media platforms.
Part A
Question
Using the information about Carrie’s business model, drag each attribute of Carrie’s business to its description.
Tiles
type of industry
purpose of the business
target customers
how the business can
increase profits
Pairs
sell beautiful, low-priced furniture
arrowBoth
lower operational costs
arrowBoth
retail
arrowBoth
students and newly married couples
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HELP ASAP Analyze the business model that Carrie has created for her business and determine which ac...
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