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Paladinen [302]
3 years ago
11

Why is the perception of Stew Leonard’s as a ""fun place"" so important to their business? Discuss the consumer decision making

and involvement differences that may be present at this particular store versus a ""normal"" grocery store such as Kroger. .
Business
1 answer:
bagirrra123 [75]3 years ago
5 0

Answer: it is important because that has been their brand from the very beginning, with a store where parents could go shopping while the young ones got to see the process of the milk being bottled. Their fun place brand lives a memorable impression on customers and they always know what to expect from a stew Leonard store.

Explanation: Stew Leonard's is a dairy and now grocery store that was founded in 1969 by Charles Leo Leonard and it is still a family run store today. Their focus is not only on making money but on family as well. Their customers are their biggest focus and consumers are more likely to go to their stores because of their history of becoming the largest dairy store in the world, from one small store. The customer feels a sense of belonging and is not just another number. They have family events and are even dubbed as being the Disneyland of Dairy Stores because of their costume characters, petting zoos and electronic animals that can be found throughout their stores. They make shopping with them an experience. From the beginning they put family and the customer first. Their employees are also taken care of and every business person knows that happy employees equal happy customers. While normal stores such as Kroger also mind the customer, they have not made shopping with them an experience like Stew Leonard's have. there are 5 things that goes into a consumers decision making: recognizing a problem, searching for information, evaluating other options, buying decision and post-purchase evaluation. At Stew's the modern problem of child minding and safety can lead consumers to go to them because they are family orientated and parents can do their shopping while their kids are being entertained. They also offer good quality products so that combined with having their children taken care of can lead them to shop at Stew Leonard's.

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A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next
aev [14]

Answer:

a-1. The present value of Plan 1 = $93.08

a-2. The deal 2 which involves paying immediately adn taking the 10% discount is better.

Explanation:

a-1.

The interest rate of 5% is taken as the discount rate to convert future cash flows into the present value.

The First payment plan with installments has a present value of,

Present Value-Plan 1 = 25 + 25/1.05 + 25/1.05² + 25/1.05³ = $93.08

a-2.

The first plan will cost $93.08 in the present value.

The second plan will involve immediate payment and a discount of 10%vwhch makes the present value of plan 2 as $90 (100 - (100*0.1)).

Thus, the second deal or deal involving immediate payment and taking the discount is better.

6 0
3 years ago
Because of his business's recent success, Sam has decided to expand his Sam's Swimming Pool Cleaning to include another branch.
ivann1987 [24]

Answer: initially Sam gross profit would drop. But overtime when he starts gaining customers in his new branch added to the already existing customers in his old branch there would a very large gross profit increase.

Explanation: Gross profit is the percentage of revenue a company retains after accounting for cost of goods/services.

In this case payment of staffs in both the old and new branches would be accounted for, with the new branch still very much dependent on the old branch for payment of staff until it can get its own customers, only then would the new branch be able to be self reliant and also make profit.

6 0
4 years ago
Read 2 more answers
In one of the case studies in the textbook, Albert Miano, the facilities supervisor for a popular magazine, submitted phony invo
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<u>Answer: </u>Option B

<u>Explanation:</u>

In this case Alber Miano had created replica of the invoices and has forged the contractor's signature. The hours of the trade contractors work was changed slightly. Due to the failure of the internal controls Miano was able to indulge in fraudulent activities in a bolder manner.

Through an internal audit Miano's activities were found out by the auditor and the vice president. Then Miano accepted that he was guilty and only showed less than half the amount spent on tangible assets from the accumulated fraudulent activities for four years.

8 0
4 years ago
Joshua runs a large manufacturing business that is listed on the stock exchange. His company made good profits in the previous f
snow_tiger [21]

Answer:

C. financing activities

Explanation:

Dividends are a part of financial flow and treated as reward for equity holders that are financing the business. Not a part of investing (A) or business operating (B) activities. There is no non-operating activities (D) as a category in Cash Flow statement.

8 0
3 years ago
Glendale Paving currently has 120,000 shares of stock outstanding that sell for $54 per share. Assume no market imperfections or
emmasim [6.3K]

Answer:

The new price will be $38.57.

Explanation:

The initial price of 120,000 outstanding shares is $54.

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The new share price will be

= Initial\ price\times(\frac{1}{1+ dividend} )

= 54\times(\frac{1}{1+0.4} )

= 54\times\frac{1}{1.4}

= 54\times0.71

= $38.57

5 0
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