New Market: the Ultimate Shopping Center

In: Other Topics

Submitted By gaulib
Words 559
Pages 3
Gaulib Haidar Word count: 548

Every city has that one shopping center where everyone goes due to the various awesome advantages they get by shopping there. Some of these renowned shopping centers all over the world are Kolkata’s Boro Bazar, Bangkok’s Chinatown Market, Los Angeles Mall, and so on. I live in Dhaka, the capital city of Bangladesh where we have a similar shopping center called New
Market. Every inhabitant of Dhaka city is familiar with New Market and goes shopping there due to various perks like the variety of products it has to offer, cheap price and easy transportation.

New Market is that place where one can find anything, literally anything. The very first sight while entering New Market is the uncountable number of shops at every side one can gaze upon. There are shops where clothes of the most recent trends are sold. There are shops of everything- toys, bags, carpets, watches, kitchen appliances, jewelries, and many more. One can even buy furniture from New Market. The delicious fast foods along with Biriyani can be smelt far away from the restaurants which spread all over the premises of New Market. New Market is ideal for anyone who has a list of different products to buy within a very short time from one place. New Market does not only offer a variety of goods, but it also offers all of them in very reasonable prices. One of the very important reasons why people prefer New Market is because they can always negotiate the price of their desired goods with the salesmen. Customers can be heard bargaining over price with the salesmen in every shop. One can go and compare between products of different shops, give trails and then make their purchase decision depending on which shop offers them the best value over price. New Market can be so cheap that…...

Similar Documents

Child Care Center Market Research

...Market Research Study for Pre-School venture in Lower Manhattan Introduction The price of private education in Manhattan is exponentially increasing. Over the past 10 years, the median price of first grade in the city has gone up 48%, adjusted for inflation, compared with a 35% increase nationally (, 1/29/2012). Clearly there is a supply and demand crisis, with more students than seats available. Therefore, our team decided to research the possibility of launching a new pre-school in lower Manhattan. We believe there is a desirable opportunity to open a customized pre-school that serves both our own interests and parents’ current unmet needs. To give some color, below are three recent excerpts concerning the topic: “I think the nursery school admissions process is a war zone. It’s parent against parent, it’s toddler versus toddler… Parents are crazy competitive…It’s about getting in, fitting in, it’s about belonging. That’s why people sweat it.” (Parent from “Nursery University” documentary, 2007) “In an entrepreneurial city where even volatile commodities like real estate eventually find their equilibrium, the desire for private school seats has outpaced supply for many years, in some cases by an order of magnitude. “ (, 2010). “When the public school Pre-K selections were announced, we were denied acceptance to ALL 10 schools…out of 12 friends with kids hoping to enter Pre-K in the Fall of 2011, not ONE of them got in. You see,......

Words: 5127 - Pages: 21

New Products in Existing Markets

...ever-changing market opens up a plethora of opportunities for competitors. Customers needs and wants constantly alter, bringing about a change in demand and supply. Stein says that industry competitors must be cognizant of new customers entering their market, while employing organizational strategies that exploit those entrants. An increasingly expanding market generates challengers seeking to make a competitive move through positioning or placement of new products. Introducing new products in the same segment with existing products is a good idea, but firms must proceed with caution. Many firms can add products to its existing product lines in order to create variations in different market segments. Stein says that at the SBU level, firms can add complementary and supplementary products to its main products to “round out its product lines.” Complementary products are ones that can be used concurrently with other products, while performance and quality are upgraded in primary products through the manufacturing of supplementary products. Adding new products to an existing product line will access a larger range of market segments. The idea is to position the product aggressively against the “less well-positioned” competitors in order to promote rapid growth. This rapid growth will increase a firm’s market share and will benefit its long-term goals. Following its entrance into the segment, firms should employ a penetration strategy to further saturate itself into the......

Words: 505 - Pages: 3

Priyoshop.Com -Ultimate Online Shopping Destination

...‘Create Page’ button on the top right Choose the category most suitable for your business and complete your address and contact details Select an engaging and relevant profile picture which will represent your business all across Facebook Complete the ‘About’ section to describe your business, products and services Select a unique URL for your business by visiting Use the ‘Build Audience’ option to start building your fan base by inviting your personal contacts, employees and customers to like your Page Be Found on News Feed News Feed is the home page on Facebook where people see updates from the friends and businesses they are connected to and spend 40% of their time. To ensure your business can be found on News Feed you can: Plan out your Page posts in advance, aim to post at least 1-2 times per week Include videos and images to drive engagement with your fans, making your posts more likely to show in News Feed Promote important posts to fans and friends of fans across Facebook Be Found on Nearby and Graph Search The Nearby feature on the Facebook mobile app allows people to find Places that are close to them by filtering by business category. To make sure your business can be found on Nearby you can: Ensure you have selected the accurate ‘category’ for your Page Verify that your location and contact information is up to date and accurate Encourage people to engage with your Page, posts and to check in at your business to help boost your......

Words: 437 - Pages: 2

Top Online Shopping Sites in Major Market

...Online Retailing Market Overview 5  Online Shopping for Jewellery 7  Profile of General Online Shoppers 8  Site Profile of Top 3 Online Shopping sites 10 1. Amazon UK - (ranked no. 8 in Alexa in UK) 10 2. Argos - (ranked no. 41 in Alexa in UK) 17 3. Littlewoods - (ranked no. 498 in Alexa in UK) 27 USA 32  Online Retailing Market Overview 32  Online Shopping for Jewellery 33  Profile of General Online Shoppers 33  Site Profile of Top 3 Online Shopping sites 35 1. Amazon US – (ranked no. 5 in Alexa ) 35 2. WalMart - (ranked no. 41 in Alexa) 39 3. KOHLS - (ranked no. 207 in Alexa in UK) 44 Germany 48  Online Retailing Market Overview 48  Online Shopping for Jewellery 50  Profile of General Online Shoppers 50  Site Profile of Top 3 Online Shopping sites 52 1. Amazon Germany – (ranked no. 6 in Alexa) 52 2. Otto Germany - (ranked no. 79 in Alexa) 53 3. Idealo - (ranked no. 37 in Alexa) 54 France 56  Online Retailing Market Overview 56  Online Shopping for Jewellery 56  Profile of General Online Shoppers 56  Site Profile of Top 3 Online Shopping sites 56 Netherlands 59  Online Retailing Market Overview 59  Online Shopping for Jewellery 59  Profile of General Online Shoppers 59  Site Profile of Top 3 Online Shopping......

Words: 11214 - Pages: 45

Web-Based Shopping-Consumers' Attitudes Towards Online Shopping in New Zealand

...Journal of Electronic Commerce Research, VOL. 6, NO.2, 2005 WEB-BASED SHOPPING: CONSUMERS’ ATTITUDES TOWARDS ONLINE SHOPPING IN NEW ZEALAND Gurvinder S Shergill Massey University Auckland, New Zealand Zhaobin Chen Global Integration Ltd Auckland, New Zealand ABSTRACT The growing use of Internet in New Zealand provides a developing prospect for E-marketers. If E-marketers know the factors affecting online New Zealand buyers’ behaviour, and the relationships between these factors and the type of online buyers, then they can further develop their marketing strategies to convert potential customers into active ones, while retaining existent online customers. This paper is part of larger study, and focuses on factors which online New Zealand buyers keep in mind while shopping online. It also investigates how different types of online buyers perceive websites differently. This research found that website design, website reliability/fulfilment, website customer service and website security/privacy are the four dominant factors which influence consumer perceptions of online purchasing. The four types of online New Zealand buyers; i.e., trial, occasional, frequent and regular online buyers; perceived the four website factors differently. These buyers have different evaluations of website design and website reliability/fulfilment but similar evaluations of website security/privacy issues, which implies that security/privacy issues...

Words: 11072 - Pages: 45

Launching a Product in New Market

...this report to provide a practical and feasible way to  launch the product in Qatar.  Numerical targets and qualitative targets are stated  clearly as objectives.  Sales Plan  Revenue and Pay back analysis 2 EXECUTIVE SUMMARY Strengths * Well known brand name in local  market * Great SME experience in UAE  market * Well established SME asset to back  launch of liabilities Weakness * Limitation in terms of distribution  network – 4 branches. * Not been fully able to position itself  correctly – More known for Retail.  * Technologically weak in terms of  alternative channels. S.W.O.T Opportunities * Leverage UAE Technology for  differentiation and cost reduction.  * Launch suite of products to meet  E2E requirement of SME clients   Threat  * Local & government banks hold  80% of the market share. * Lower margins on liabilities * Back office support from UAE ‐ * 40% growth expected in SME sector  Slower TATs will adversely effect  in next 3 years. customer experience. 3 SEGMENTATION TARGETING POSITIONING 4  SEGMENTATION Geographic Demographic Psychographic • Different industrial areas of Qatar where  SMEs are highly based. • SE customers  ageing 35‐60 years of age • Business Turnover: 1 million – 10 Million QR • New business owners  • Existing Asset base customers 5  TARGETING • • • • • • • Establishments / Sole Proprietorship Partnerships & Limited Liability Companies Free Zone Establishments or companies Under Formation LLC......

Words: 1424 - Pages: 6

Australian and New Zealand Online Shopping Market and Digital Insights

...3 Definition and methodology The definition of online shopping we use is online purchasing of physical merchandise such as clothes, books, and electronic items. This covers the same merchandise categories as used in the retail sales statistics published by the Australian Bureau of Statistics and Statistics New Zealand, and therefore online sales can be directly compared with total retail sales. The study excludes online purchasing of services such as travel & accommodation, event ticketing, financial services products and media downloads, as these categories are not included in the retail sales statistics. Purchases of items from online auction sites (such as eBay) are also excluded, but purchases of fixedprice items from sites such as eBay are included in the analysis. Online shopping is defined as occasions where a transaction is made online (generally with the payment being made at the time of the transaction) and excludes online browsing or research with the transaction subsequently being made in a physical store or via the telephone or another channel. All business-to-business (B2B) online purchasing is also excluded. The report is based on a comprehensive survey of 1,200 consumers (1,000 in Australia and 200 in New Zealand) between the ages of 15 and 65 who have shopped online in the past 12 months, with online shoppers being asked to record their online shopping behaviour in terms of total online shopping expenditure, both overall and by merchandise category, the......

Words: 3211 - Pages: 13

Philippines New Call Center Capital?

...Can the Philippines be a new call centre capital? Investigate the outsourcing of call centre’s to the Philippines INTRODUCTION: Filipinos are excellent in communication and possess a good command of English that is the reason why Philippines are attracting more investor to put their call centers hubs in the country. Though Filipino workers are hardworking and globally competitive there are many factors that should be considered when an investor wants to invest in the Philippines; some factors are the labor cost and low tax. Filipino workers have American culture that influences them with their good communication skills; they provide a high quality service, high skilled worker, and educated worker. With the help of the Philippine government in making good infrastructure and providing a free training. Will this help the Philippines be the new call center capital? Philippines a new call centre capital? The Philippines is now number 1 in the world when it comes to providing voices service, the top provider of technical support is still India because of its cheaper labor. Business processing outsource companies remain optimistic that Philippines can be the new call center capital in the world with the strength that every Filipino workers has it is possible for the country to be the new call center capital in the world. Because of their excellent communication skills and because they possess a good command of English, Filipino workers are considered a very good business......

Words: 1286 - Pages: 6

New Market Strategies and New Initiatives

...Online business is often assumed by internet marketers that all business is done online by using the internet as a medium for marketing products and services is to cover portions of the online business. We have very few numbers of online travel agencies in Bangladesh, where we can get different guidelines for traveling and tourism. Travel website will be very attractive place for every tourist and travel lover. People will be able to purchase tickets and book their residence from these online services. It will encourage developing a good habit of travelling. So we are going to create a new book website name ‘’. The most important component of any business including an e-commerce business is the customers. We have to find customers, convince them to buy our products and services and help them to remain loyal customers. Market Segmentation: Using the segmentation variables here we describe our perspective customers, like – A. Demographics and Access: Demographic data is used widely in public opinion polling and marketing. Commonly examined demographics include gender, age, ethnicity, knowledge of languages, disabilities, mobility, home ownership, employment status, and even location. Demographic trends describe the historical changes in demographics in a population over time (for example, the average age of a population may increase or decrease over time). Both distributions and trends of values within......

Words: 2684 - Pages: 11

Proposal for Investigating New Markets

...Proposal for investigating new markets Reasons for researching new markets: Since our current market is saturated, it is high time to look for new markets, before our competitors do. Therefor we should not only look in the east but also into another field. Types of markets we might break into: With our current products we can not only keep the heat in but we could also use it as a sound insulation without further adjustments. Since the market in Germany, Switzerland and Austria is sated, we should check out Poland, Czechia, Bulgaria and some other eastern countries. How the research should be done: First of all we should check our competition. We need to make sure, that we would be one of the first to provide this kind of product. Next we should concentrate on the legal part. What requirements do sound insulations have to meet? It is highly recommended to search for potential customers and get in touch with them for the first time. We need to know what they would expect of the product and also what kind of service they would like to have. Then there is the occupancy rate of the manufacture to be beard in mind. The resources which will be needed for carrying out the research: Most of the data we need, we already have. To research the customers I would need an addition of 5 other members. Other resources we would need would be cell phones to call eastern companies. This should be thought of, since it would cost a lot to phone from our normal line. The......

Words: 426 - Pages: 2

Market Segmentation of a New Product

...asked us to choose a product to segment the market and we choose men soap. The description of the product is given below. Product: Men Soap Brand Name: Deluxe Product Features: • It's Deep cleansing formula that rinses off easily. • With 1/4th moisturizing cream, clinically proven to fight skin dryness. • It's Total skin comfort. • Feel better than regular soap. • Keep the body fresh for a long time. • It has a classic scent. Product Ingredients: • Sodium Lauryl Isethionate • Stearic Acid • Sodium Tallowate or Sodium Palmitate • Lauric Acid • Water • Sodium Stearate • Cocamidopropyl Product Indication: It thoroughly cleanses and rinses off easily without leaving skin feeling dry and tight. For total skin comfort and refreshment you want. Price: Taka 50. We choose this very product because normally there are much soap produced for women and many of them have been produced for both male and female but there are very few company that produce men soap and most of them are produced outside Bangladesh. People or men of this country are not familiar with men soap. So we are going to launch a soap specially designed for men keeping in mind about their skin and comfort. This will be a completely new concept in Bangladesh. As men haven’t experienced this type of product we feel that they will respond to this new product for a total solution for their skin. Market Segmentation: According to the......

Words: 1774 - Pages: 8

Online Shopping Channel – Trending Topic of the Market

...Online Shopping Channel – Trending Topic of the Market If you are a Starbucks fan, the first thing you do in the morning, is probably walk into a Starbucks store and buy a cup of coffee. You will show your Starbucks card, and get a “star” for every drink you purchase. With a Starbucks card, you can earn great rewards for using it, get special discount, receive personalized birthday cake, and enjoy convenient online order via iPhone app. Starbucks makes our daily life much better just by the power of a small-digitalized card. Imagine this digitalization happens in the whole fashion industry. You may wonder, why bother shopping online when we could drive fifteen minutes to a large shopping mall? Let me tell you some facts first. More than eighty percent of consumers in the United States are satisfied with buying experiences, however, only sixty percent of them are pleased with in store shopping experience. With $248.7 billion online sales, consumers should try online shopping more often, and benefit from it. E-commerce channels make shopping more convenient. Online stores remove the limitation of geographic locations as well as time constraints. Consumers can not only obtain and view unlimited options of goods, but also receive fast and secure shipping service. For example, after you enjoyed a late movie that is located in a shopping mall, you passed by an amazing dress that was shown behind the glass. It was exactly the dress that you were dreaming for. All......

Words: 803 - Pages: 4

New Pharmaceuticals and Their Journey to the Market

...New Pharmaceuticals and Their Journey to the Market [YOUR NAME] [YOUR SCHOOL] When pharmaceutical companies take on an experimental drug there is a lot of time and money they have to allow for them to maybe make it to market. It’s reported that only 5 in 5,000 drugs that head into preclinical testing even make it to human testing. (Drug approvals - from invention to market, n.d.) A study of the cost has shown that the cost of developing a drug that obtains market approval is $2.6 billion with another $312 million for post-approval development for a life cycle cost of $2.9 billion. (Mullin, Chemical, & News, n.d.) It all begins in preclinical tests, where the pharmaceutical company perform studies before they test on humans. In vitro testing first, where the future drug is tested in a laboratory and after that in vivo tests, where they test on animals. These tests take 3 ½ years. (Drug approvals - from invention to market, n.d. ). The in vivo tests study and record side effects, adverse effects, addictions, cancerous tumors, or fetal deformities. (Turley, 2014) After the animal studies are through, the drug company requests permission for human testing from the FDA by submitting an Investigational New Drug (IND) application. The IND shows information from the animal studies that the drug shouldn’t pose a risk to humans and the chemical structure of the compound along with how it is manufactured. If the IND is approved by the FDA, the drug company may begin sending......

Words: 668 - Pages: 3

Online Shopping Market

...Online Shopping Market With the economy down shoppers have less time and or money to browse around your typical brick and mortal retail stores. According to Retail Traffic Magazine in 2009 online sales accounted for 6 percent of all retail sales. They estimate that by 2014 online sales will account for approximately $250 billion; 8% of retail sales. As cell phone technology and online marketing keeps getting more and more advanced more retailers are adding applications or shortcuts for consumers to access their online retail stores. Retailers put coupons, deals, and other marketing tools to use to try and entice the consumer to enter the store weather it is online or in the actual store. According to Market Wire, 83 percent of consumers are shopping online at least weekly. That is a very high number of consumers that are actually purchasing something. Many shoppers are thought to do their research online but they purchase in the store. But now, we have 83 percent of consumers shopping online at least once a week. That is a major trend. Along with shopping online many consumers are using social media like Facebook, Twitter and applications like FourSquare to share ideas, reviews, coupons and other shopping information with other online consumers. Market Wire states that the reasons consumers shop in stores are to avoid shipping costs, to try the product on, to touch or feel an item and immidiecy. According to Market Wire some the ways companies like CanGo can......

Words: 540 - Pages: 3

Stock Market News

...make bets with their own capital. 2) After being all but shut out of the short term debt market crisis, some company are edging back in. 3) Capitals that Europe increase the debt pressure of Germany and France, Dexia’s collapse shows that some measures of financial strength could paint and misleading pictures of how much additional firepower is needed. Oct.13.1) The people’s bankinvestors of China which tightly controls the Yuan’s trading on the mainland ,early Wednesday guided the Yuan lower against the U.S , it is seemed as the fire back of U.S senate approve to drop Yuan’s value in Asian trading. 2) Stock finished with the strong gains amid optimism about plans to recapitalize euro banks. With the gains, the Dow is up 5.6% this month, the fifth- best start to October since 1990. 3) an estimated $10.95 billion was pulled from long-term mutual funds in the last week, according to the investment company a result taxable funds and tax free funds increased in this week. Oct.14 1) J.P. Morgan stocked new fears about the health of the U.S banking industry as it posted its first year on year drop in quarterly profits since the height of the financial crisis. 4.3 billion was down from 4.4 billion last year. 2) Credit Suisse group is poised to close down its commercial mortgage backed securities divisions just days after a new warning of layoff on wall street according to people familiar with the matter. ......

Words: 1102 - Pages: 5