Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hamakua Macadamia Nut Company on Big Island (https://hawnnut.com/) 1. How should I think about my online product assortment? 2. How can I grow my e-commerce

Hamakua Macadamia Nut Company on Big Island (https://hawnnut.com/)

1.How should I think about my online product assortment?

2. How can I grow my e-commerce business without compromising my margin?

3. What steps must I take to generate sales?

Use these 6 strategies to answer three questions.

1. Develop a distinct online merchandising strategy, instead of re-creating the physical store on the web

2. Be nimble; quickly pivot to match shifts in customer demand

3. Apply the rule of 40% gross margin to drive price and product assortment

4. Develop a cost focus and find innovative ways to address structural costs. How can retailers grow their e-commerce business without compromising margin?

5. Focus on core capabilities first before moving to omnichannel

6. Use what others built to enhance capabilities and drive scale

https://learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5c5afaf83f339/3699383?X-Blackboard-Expiration=1664042400000&X-Blackboard-Signature=92S3vibFPzi1hiDsEj1NdL9VNoJw2idISzi%2FpAplp38%3D&X-Blackboard-Client-Id=305196&response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27Six%2520ways%2520for%2520retailers-PRODUCT.pdf&response-content-type=application%2Fpdf&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEBUaCXVzLWVhc3QtMSJIMEYCIQCfXb5k2OMgdlYolm0LIw9O5Gr8JzGdNrvMJcZ8PwscTwIhAPOoVS8SdBlBOzF2n2Aj5ix81U7bYRUmlmZwusqkGwsnKtUECL3%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEQAhoMNjM1NTY3OTI0MTgzIgwmraxTGEY7SdNBt%2FsqqQS9oRtOk4VBf0ntFf6xpLFpEDWuhJW1xDVpqeeCLUYmSsNxIdgHFqbr0JPvw5cgX6BVaYN6L0V8M82lXKhPd9cTdUlM1%2FbCC4BUBw283azt88mgDMmj9pF92s2vK57sqpsuJEhCJ93jk4al1Q9qYi88Jx8lBcvqyss2VbFHxftQUSO3fSFM5wfWmEoImHG3BRbjOvEqvRPxSuCPuMWhtoW76jUtoYhywMdhdoYsyNXrtxTMbmS4VwQjs%2FLH7MD6vlU%2FjrrRvolQVV8quyA%2BWfKQBC7V9vTu4FKkqmeS7fqkjG5bc5cnQ42%2Ft91CCfnsgIsgvEfg%2BsrK8y%2F2nYsRUUxFn9tiMd5Nnj0l0PZR862PgtIyT5qkV%2FsOAqAs%2BZpC7ujmzIans09%2FF1uHuoICZkJv6sElpYv0iV1vMu0bBu7SbyvfMizzje%2Fm028i2qBtQmYxvoZCBhHy44BfQ7A%2B1spLkynNnfVSAHl9IewgJDxuxbbaMFKNyXlYXQuPKYYdcQJeklbvxhBDqbu%2FVkwfm1nRYHVIwG4ntd2p%2FWURcqiGiibqCMbnAY0r%2BAX2x1FNxEIh1VG2gAek92hnrv5bEaFwdm3T4mnnQqkGRmlk9kkZ94rdC8Y5f5a0FJIk2F9cmcvBGoT8SMX4Pl%2BV0VnAJXv3mm4g0%2FYMS5y%2FYMy2FvPeCqMhoedio37znXwpaghI9Ci1MzqUouqt4gszZfhg2cSe3IzgLJ66BFTpMKjpu5kGOqgBStERrEMDC7wp9GZT4kQlh7ylfY51T90is3VgUkWCUCnGNCT%2BSaPKvGVrjqriO7pN12D1b%2FKmoeDcdgVPelZqZ8GKnOP8h%2B2nqjpEPcx80wBQcfkeOsSy%2FskJc2RAjW4SJenypeH5gWP25uyshlGVYZzi%2Feg2D2qDivu%2FMj%2FG4EdQRDL1G5ml%2FBwXFNT5aIOfbG9ULZgv07s8AWYoXPaKJ9PqNONpdqlM&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20220924T120000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=ASIAZH6WM4PLZJ2LOTNT%2F20220924%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=c778823e6a3c4f9d3cb1b18bad53ddf9c5cb3fb8022eeaf865f77fbb1598d435

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International marketing

Authors: Philip R. Cateora, Mary C. Gilly, John L. Graham

15th Edition

9789339204464, 9780073529943, 9339204468, 007352994X, 978-0077446956

More Books

Students also viewed these Marketing questions

Question

(1 point) Calculate 3 sin x cos x dx.

Answered: 1 week ago