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BAB 100 : Introduction To Canadian Business

   

Added on  2020-05-01

12 Pages1200 Words95 Views
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Running head: BUSINESS BusinessName of the student:Name of the University:Author note:
BAB 100 : Introduction To Canadian Business_1

1BUSINESSExecutive summary:The report describes the business idea of Netflix for textbooks. The report analyses the dynamicsand strategies of the major competitors of Netflix. Further the report describes the ownership,management structure and staffing along with appropriate diagrams.
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2BUSINESSTable of ContentsAnalysis of major competitor’s dynamics and strategies................................................................3Ownership, management structure and staffing..............................................................................6References:......................................................................................................................................9Appendix:......................................................................................................................................10
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3BUSINESSAnalysis of major competitor’s dynamics and strategiesThe following are the major competitors of Netflix:AmazonWalmartDynamics and strategies of WalmartThe basic strategy of Walmart is based upon cost leadership. Cost leadership refers to thestrategy wherein an organization emphasizes upon maintaining the lowest prices of its productsin order to maintain competitive advantage over the rivals ("Walmart", 2017). Walmartemphasizes upon everyday low prices, which has been possible due to the economies of scale.The company enjoys cost efficiency by efficiently utilizing the online channels of distribution.More than three- fourth of the retail operations of walmart.com, comes from non- storeinventory. Walmart is constantly involved in improving its products and prices. Walmart’sdynamics and strategies involve offering its customers a wide range of products at the lowestpossible prices. Cost leadership helps the company to gain competitive advantage over the others(Joseph & Kuby, 2015).
BAB 100 : Introduction To Canadian Business_4

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