(PDF) Trading and exchanges
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Added on 2021-04-24
(PDF) Trading and exchanges
Added on 2021-04-24
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Running head: TRADING AND EXCHANGE Trading and ExchangeName of the Student Name of the University Author’s Note
1TRADING AND EXCHANGE This very specific article has primarily focused to evaluate the importance of makingeffective market research before forming business strategies and policies. Business organizationshave to make effective market research for getting in-depth overview about the needs anddemands of customers. However, as per the market research report of Domino’s the businessexperts have focused on fast delivery of services. With the help of secret kitchen developed withadvanced technology, the service providers of Domino’s can deliver pizza within less than tenminutes (Masiero and Nicolau 2012). As a result, the customers do not have to wait for a longtime in receiving the services. In addition, the customers can get an effective online delivery bysitting at their own place. According to Euromonitor International, $US114 billion customers of Domino’s areordered for delivery of food services (Cherney 2017). In 2011, the numbers of customers areincreased up to 45 percent. After collecting feedback from a large number of customers ofDomino’s it has been observed that online delivery plays one of the most significant roles fordrawing the attention of an individual. As per the report from market review 33 percent of thesales of Domino’s take place due to the implementation of hoe delivery services. Before making this particular business strategy Domino’s has made effective marketsegmentation as per geographic, demographic and psychographic for gathering the opinion oftarget group. After collecting necessary feedback from the customers’ it can be analyzed thatmaintaining the quality of products is not the only concern for an organization. The businessexperts have to focus on delivery of products as well. However, the executives decided to renderfaster cooking oven by using the advancement of technology (Chen and Bell 2012). With thehelp of this faster cooking oven, the service providers can deliver pizza within ten minutes alongwith maintaining the superior product quality. All over Australia and New Zealand Domino’s has
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