Impact of After-Pay Utilisation on Sales in Rebel Retail Store
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Added on  2023/01/20
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This research explores the impact of after-pay utilisation in Rebel Retail store on sales. It aims to understand customer behavior and segments affected by after-pay. The research also explores past sales and techniques used by Rebel to increase sales, and provides recommendations for increasing sales.
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Introduction The research would explore the impact of after-pay utilisation in the Rebel Retail store on the sales. This would be explored through understanding the customer behaviour and the customer segment which has been most impacted by the decision of after-pay utilisation (Etikan, 2016).Rebel is a multi-brand retail store in Australia which deals in footwear’s, clothing, accessories, sportswear, etc. The retail store includes the products of men, women and kids. It is a sports brand which deals in multiple brands and serving the customers with profound sales and discounts. The check on the utilisation of after-pay would be assessed through the research. Background of the Study The exploration of the research topic has been done through understanding the changing perspective of the business in the intense competition. The businesses has been taking on various methods and techniques in order to gain more and more customers (Murphy and Dweck, 2016). The topic also favours the attitude and the mind-set that the youngsters of the current generation has been gaining, that is the trend of being trendy has been kept in focus as the desire of taking on the trend and be a part of the reel that has been taking place in the society would help in attaining the sales figure through utilising the concept of after-pay Problem Statement The increasing competition has led to the concept of after-pay which would help in increasing the customer base through adding on to the saes of the retail store. The issue or the problem that could arise is the miss-use or the exploitation of the credits being provided to the customers which would increase the sales of the retail store. But there won’t be any increase in the revenue of the store through this act (Zhang and Benyoucef, 2016). Thus, this brings in the issue or the problem of commitment by the customers which could impact the business profits and revenue immensely.As the creditors would increase the sale of the company through adding on to the purchase but the amount payable for the goods are on credit which would be impacting the revenue of the company and it would remain low. Research Aim and Objectives Aim The aim of the research is to acknowledge the impact that the utilisation or the application of after-pay tool would have on the sales of Rebel, will it help the ales figure to increase.
Objectives The main objectives of the research would be as follows ï‚·To check on the customer behaviour theory and it application in the present scenario ï‚·To understand the change in the customer behaviour with time ï‚·To explore the past sales of Rebel and the tools and techniques it applied for increasing its sales ï‚·To provide recommendations with some new techniques and tools to increase sales of Rebel Research Questions The research question would be as follows a.What is the consumer behaviour theory and how it impacts the market sales? b.Whatchangeshasbeenobservedintheconsumerbehaviourtheorysincethe technological innovation and increased competition? c.What tools and techniques have Rebel utilised in the past for increasing its sales and how effective they have been? d.What are the recommendations for Rebel to utilise other sales tools and techniques? Literature Review Consumer Behaviour Theory As perZhang and Benyoucef(2016), the behaviour of consumer fluctuates with the change in the supply and demand of the product. The dependency of the consumers has been on the prices of the goods and the traditional concept of economics that is with the increased price, the demand falls and with the falling price demand increases. As perHofackeret al.(2016), this concept of demand has been the law of demand which creates the base of the consumer behaviour. The concept of consumer behaviour has been the same but as perMurphy and Dweck(2016),an addition to the factor has been made whichimpacts the consumer behaviour and that is the quality of the product (Ansoffet al.2018).In the traditional approach, the price was the main factor while in the new approach, the quality as well as price plays a vital role in creating a demand for the product. Research Methodology The research methodology that would be applied in the research would be Quantitative in nature as this would help in presenting the entire research in the numerical form along with
the graphical representation which would make the research quite easy to understand (Kumar, 2019).The Qualitative method would also be applied as this would help in acknowledging the theoretical concepts of the topic. The methodology that gets chosen for the research impacts the entire quality of the research as well as the accuracy of the research and through applying both the methods, two perspectives of the same concept would be achieved (Silverman, 2016). Methods of Data Collection The primary data would be collected through the conduction of the survey and interview. The primary data would help in gaining the information directly from the executors or the ones who has been experiencing the scenario (Kaplanet al.2015).The sample would be collected through simple random sampling as this would help in adding on to the diversity of the survey and thus the research would be quite wide in nature (Telleret al.2016). The secondary data would not be collected as this would only add on to the length of the research and no other benefit would be gained through it. The information that is required for the research would be gained through the literature review. Data Collection Sources About 50 customers would be surveyed through providing a questionnaire which would be available at the retail store with about five questions. These questions would be framed in a manner that the demands and the needs of the customers would be acknowledged through its analysis (Etikanet al.2016). While an interview would also be conducted of the two employees of the retail store who has been into the marketing and sales department. For the interview, the two employees would be the sales manager and the marketing managers these two employees would provide the exact information about the sales and the impact of the various marketing tools utilised for increasing sales. Gantt chart Week 1- Week 2 Week2– Week 3 Week3– Week 4 Week4– Week 5 Introduction Literature Review Data Collection Data Analysis Submissionof the Report
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References Etikan, I., Musa, S.A. and Alkassim, R.S., 2016. Comparison of convenience sampling and purposive sampling.American journal of theoretical and applied statistics,5(1), pp.1-4. Hofacker, C.F., Malthouse, E.C. and Sultan, F., 2016. Big data and consumer behavior: Imminent opportunities.Journal of Consumer Marketing,33(2), pp.89-97. Kumar,R.,2019.Researchmethodology:Astep-by-stepguideforbeginners.Sage Publications Limited. Murphy, M.C. and Dweck, C.S., 2016. Mindsets shape consumer behavior.Journal of Consumer Psychology,26(1), pp.127-136. Teller, C., Alexander, A. and Floh, A., 2016. The impact of competition and cooperation on theperformanceofaretailagglomerationanditsstores.IndustrialMarketing Management,52, pp.6-17. Zhang, K.Z. and Benyoucef, M., 2016. Consumer behavior in social commerce: A literature review.Decision Support Systems,86, pp.95-108. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Ansoff, H.I., Kipley, D., Lewis, A.O., Helm-Stevens, R. and Ansoff, R., 2018.Implanting strategic management. Springer.
Appendix: Questionnaire for Customers 1.Choose your age group. Age Group Numberof Respondents Percentageof Respondents Total Number of Respondents 18-25 26-36 36and above 2.Choose your Gender GenderNumberof Respondents Percentageof Respondents Total Number of Respondents Male Female 3.What attracts you to Rebel Retail store? FactorNumberof Respondents Percentage of Respondents Total Numberof Respondents Product Range Prices Easy Accessibility 4.Providing sale over credits would increase your purchasing items? ReplyNumberof Respondents Percentageof Respondents Total Number of Respondents Yes Neutral No 5.Would you take advantage of the credits being provided by the Rebel Retail Store? ReplyNumberofPercentageofTotal Number
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