Crispo. co is a potato crisp manufacturing company with a brand image built on luxury it has an online shop and retails outlet. Crispo uses social media platforms such as Instagram and TikTok for marketing purposes. However, recently the company is worried about cretin trends that encourage their customer segment to avoid unhealthy snacks due to their propensity to cause obesity and as such is looking to control cost. How can big data analytics benefit Crispo.co in its focus on customer trends and cost reduction?
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- You are the technology auditor for a medium size online retailer. With the growth, it has been very difficult for the Information Technology (IT) group to keep up with the hardware requirements and new software for all the various smartphone applications. Much of the in-house technology is outdated from a web application and regulatory standpoint. Many organizations have lowered costs by going to cloud computing solutions, including your competitors allowing them to lower costs and gain market share. One of the key benefits of cloud computing is the opportunity to replace up-front capital infrastructure expenses with low variable costs that scale as the business grows. The CIO has done a complete analysis of moving to a cloud computing solution with Microsoft’s Azure Cloud Platform. The reduction in ongoing costs would be almost fifty percent along with major capital expenditures for upgrades if they were to keep processing in-house. There would be reduction of 70% in the IT staff.…PROTECTE... Be careful-email attachments can contain viruses. Unless you need to edit, it's safer to Sadida (Pty) Ltd sells different grades of cheese to the general public as well as to other retailers. The company hired you as its management accountant two months ago. Recently, you have been tasked with instituting measures to reduce the company's rapidly increasing costs. After some research, you have come to the realization that the company does not make use of Economic Order Quantity (EOQ) and you believe that this will be a good place to start your cost-reduction journey. You have therefore rounded up the following information regarding one of its products: Weekly demand Purchase price per unit Cost of placing an order Insurance Direct stockholding costs Lead time Safety inventory Screen 1 of 1 tems: 3 300 Required: 3.2.1 Calculate the economic order quantity for the company. Note: round off your answer to the nearest whole number. 3.2.2 Calculate the total ordering cost for the…In a perfectly competitive market, which of the following statements is true? Options: A. Firms have some control over the price of their product. B. There are significant barriers to entry for new firms. C. Firms are price takers. D. There is limited competition among firms. Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer I will give 10 dislikes and more from my friends account
- Focus on Technology: Tracking CustomersAccording to Nielsen, more than 50 percent of mobile phone consumers own smartphones. Many ofthem use free Wi-Fi when available for faster connections and to reduce data usage charges. Buteven when they don’t log on to Wi-Fi, the device continues to search, giving information on users’locations. By using the signals emitted by shoppers’ smartphones, retailers can keep tabs onshoppers, knowing where they are and what they are searching for on their phones’ browsers.Retailers can learn on which aisles shoppers are most likely to check online prices at retailers such asAmazon.com and can send an alert to a sales representative. “Heat mapping” identifies trafficpatterns and locations attracting the greatest number of shoppers checking the Internet. This givesretailers an idea of the products most vulnerable to “showrooming”—the practice of shoppersvisiting stores to learn about and try products and later purchasing them for less online.1. What is…Company XYZ is specialized in producing and selling smart watches. The company currently has two products and is planning to improve it profits in the coming years. The company is thinking of introducing a sales commission to encourage its sales people to make more sales and improve company's profitability. When designing the sales commission the company should base the sales commission on: O a. The color of the product O b. The number of employees O c. None of the given answers O d. The contribution margin O e. The selling price on The variable cost ratio is calculated as: O a. The selling price per unit / variable cost per unit ved F1 F2 F3 E4 F5 F6 F7 F9 F10 @ 23 $4 % & 1 2 3 4 7 V 8 Q W R Y U D G Hi J K 1. C BYNÍ M { V CO ALIdentify 2 advantages and 2 disadvantages for each for the measures below implemented by the retailers during the outbreak of covid-19. i. Live streaming can help retailers facilitate a “see now, buy now” culture, which enables them to instantly inform consumers about their products and create an urge to purchase. ii. improvement of online ordering and delivery services.
- Social media return on investment (ROI) is a measurement of the value from social media marketing. Essentially, what is the return for the investments made in social media? ROI by revenue formula: profit/total investment x 100. Please calculate the ROI of social media campaign for a pair of Ray Ban sunglasses by presenting them with this case: You are a social media marketer responsible for creating a social media campaign for a pair of Ray Ban sunglasses. The goal of your social campaign is to drive sales for the sunglasses. With every single social post, you include a trackable call-to-action link to your website where users could purchase the sunglasses. You outsourced all of the professional photographs of the sunglasses, creation of the social media graphics and videos to a company for $5,000. You also spent $3,000 on social media ads directed at the target market. Your campaign ran for one month, and during that time you only worked on the campaign, making a salary of $5,000.…Best Buy Ltd is planning to launch a wide range of personal computers to serve the market for many types of users. The main objective to launch the product is to maximize the company's profit. So, the top management assigned the strategic marketing team to find out the followings: 1) List the various segmentation variables the company can use to segment their market. 2) Briefly explain why you have selected each one (Target market). 3) Which segments could the company aim for (Positioning the customer)?According to Nielsen, more than 50 percent of mobile phone consumers own smartphones. Many ofthem use free Wi-Fi when available for faster connections and to reduce data usage charges. Buteven when they don’t log on to Wi-Fi, the device continues to search, giving information on users’locations. By using the signals emitted by shoppers’ smartphones, retailers can keep tabs onshoppers, knowing where they are and what they are searching for on their phones’ browsers.Retailers can learn on which aisles shoppers are most likely to check online prices at retailers such asAmazon.com and can send an alert to a sales representative. “Heat mapping” identifies trafficpatterns and locations attracting the greatest number of shoppers checking the Internet. This givesretailers an idea of the products most vulnerable to “showrooming”—the practice of shoppersvisiting stores to learn about and try products and later purchasing them for less online.1. What is shopper marketing and how might retailers…
- Company XYZ is specialized in producing and selling smart watches. The company currently has two products and is planning to improve it profits in the coming years. The company is thinking of introducing a sales commission to encourage its sales people to make more sales and improve company's profitability. When designing the sales commission the company should base the sales commission on: O a. The color of the product Ob. None of the given answers O C. The number of employees O d. The selling price O e. The contribution marginLO18.1: Understand how most wholesalers and retailers set their prices by using markups. LO18.2: Understand the advantages and disadvantages of average-cost pricing. LO18.3: Know how to use break-even analysis to evaluate possible prices. LO18.5: Understand other demand-oriented factors that influence price setting. Eleven-year-old Mallory is a budding entrepreneur. She is always coming up with new business ideas. In early summer 2018, her latest venture is a lemonade stand. Mallory is focused on making a high level of profits – she was saving for a new bike. Mallory is trying to develop a marketing strategy to help her achieve her goals. Last year Mallory helped a friend with a lemonade stand. This year she wants to run her own business. Her parents expect her to pay for almost everything related to her business. Her dad built her a small lemonade stand – and while he donated his time, he did ask for the $12 in materials needed to build the stand. Mallory had to purchase other…Silver Lining Inc. has a balanced scorecard with a strategy map that shows that delivery time and the number of erroneous shipments are expected to affect the company’s ability to satisfy the customer. Further, the strategy map for the balanced scorecard shows that the hours from ordered to delivered affects the percentage of customers who shop again, and the number of erroneous shipments affects the online customer satisfaction rating. The following information is also available: The company’s target hours from ordered to delivered is 40. Every hour over the ordered-to-delivered target results in a 0.5% decrease in the percentage of customers who shop again. The company’s target number of erroneous shipments per year is no more than 65. Every error over the erroneous shipments target results in a 0.05 point decrease in the online customer satisfaction rating and an added future financial loss of $500. The company estimates that for every 1% decrease in the percentage of customers who…