Identification and Evaluation of Alternative Solutions: 1. The solution for lack of demand in market is to target the market. The Company CardSwap did not clearly identify what kind of customers they were targeting. Targeting the market is the most effective solution for this company. On the one hand, CardSwap can target the customer who want to buy products with cheaper price or discount because those of the customer are willing to purchase the gift cards. There are multiple kinds of gift card in the market, on the other hand, CardSwap can categorize different types of gift card to match with different kinds of buyer. For example, this company can collect the fashion’s gift cards (H&M, ZARA, COCO Channel) and grocery’s gift cards (No Frills, Walmart, Food Basic) to target the high fashion consumer and the basic purchaser respectively. Depend on the requirement of the customers, CardSwap sell different kind of gift cards to the customer to get maximum benefit with limited resources. However, there are too many customers to categorize the company have to hire a larger amount of employee as manpower resource to manage. As the result, the company have to expense much more as …show more content…
In some cases, customer might lie to say they did not receive the gift card from CardSwap but they did actually. Subsequently, they might acquire to refund which bring financial loss to the seller. In order to deal with this problem, CardSwap can use a special system, Riskified, for fraud prevention. Riskified is technical system using fraud prevention technologies and order analysis methods to ensure the business remains fraud-free and to prevent eCommerce fraud. Furthermore, Riskified offers a full chargeback guarantee on every single order which can eliminate the potential risk in the order. This system can use UPC code to track the card which ensure the location of gift card to prevent fraud happened. However, the eCommerce of company would paralyses if they over rely on
Victorian government came up with a new idea of smart card ticketing transport system. This was also to collaborate the train, bus and tram services in Victoria. With this spark of idea in 2002, a project case and a feasibility study was
Target has 1,799 stores, and its annual revenue was more than $71 billion in 2014. Considering that Target operates only in the United States, the company’s total income does not seem too low. Like Walmart, Target is open to all customers without membership, and its products are similar to Walmart’s products. For example, both companies sell household essentials, pharmaceuticals, personal care items, cleaning and paper products, apparel, accessories, sporting goods, electronics, and food items, along with furniture and other products. Instead of offering membership discounts, Target offers REDcard debit and credit cards, which provide consumers with a 5% discount on purchases. Since Target utilizes e-commerce for sales of its goods, delivering products worldwide can be highly beneficial for the company’s
The first alternative for Target Corporation is the Gopher Place project. The positives of this project are that it will have the highest population increase from 2000-2005 at 27%. This increase is much higher than any other project and that means more possible customers and sales in the future. The market also has a favorable median income at $56.4 thousand and projected sales growth is higher than the prototype. In addition, the Gopher Place NPV value is 18% higher than the prototype.
Card counting is giving a certain value to cards that have been dealt in the blackjack table and keeping track of them. The most card counting method for blackjack is called Hi-Low system. Small valued card which is 2-6 has a count of +1, medium valued card which is 7-9 is considered as neutral and has 0 count, and high valued cards, which are 10 and ace have -1 count. It will be ideal if players started counting at the beginning of every game, where dealer’s hasn’t dealt any cards at all, but starting in the middle is also fine. The count doesn’t restart when the round is over, the count keeps on going until the decks get shuffled.be
Like their competition, Target has made many changes over the years when it comes to their products and services. In order to meet the ever changing environment and ever changing customer needs Target has not only increased the...
...only hear about the different ways that criminals are committing electronic fraud such as hacking in to somebody’s computer and stealing their credit or debit card information. There are also cases where peoples identities have been stolen and whole other lives have been built on them by another person. It all started with check fraud and although it’s not talked about as much anymore, it is still a very large concern for most business owners and people like you and me. The tips that have been provided for us can help protect us from fraud, but it is up to us to take the extra steps to prevent check fraud. We cannot sign up for check fraud protection the same way we could for credit or debit card protection or to help protect ourselves from identity theft. There are processes in place to help us once we’ve experienced check fraud but it is up to us to avoid it.
The significance for a company to be able to leverage their product and category management systems within their firm can be vital to the success of the company. In order to be able to improve, the company must understand their current practices, and acknowledge the areas that they can do better in. To be able to make adjustments to their current business practices that Target has for their coffee, category management techniques should be looked into. Learning more about the target market that they are trying to reach, allows them to properly provide the correct product mix for their customers. For Target to improve, they should assess their current techniques and pursue research that allows Target to become more efficient as a firm. While also increasing sales, Target can increase customer satisfaction, and add value to external/internal stakeholders.
The target result would be to have a buyer’s response, that would attract those customers who
In order to implement this program, it is quite sure that some inputs will be gathered from shop owners. There are reasons why such input need to be gathered from the concerned shop owners. The owners should ensure that quality work is performed and this is one reason why gathering input from such individuals is considered wise. Additionally, shop owners are there to ensure that customer satisfaction is achieved which means that they can provide reliable input concerning the new strategy. Therefore, the shop owners can provide quite reliable information that will be useful in this new
Key problem 5: What is the company’s target market? Pacific should narrow down and evaluate the type of customer they want to concentrate
The primary use of stolen identities is for credit card fraud which can occur by an offender placing charges on a victim’s existing cards or by opening new accounts in his or her name. A common activity for these fraudsters is to change the billin...
Each of these recommendations can in its own way contribute to a better managed supply chain and more control for Target over its inventories. The reduction of stockouts, even if it only results in the recovery of 5% of potential lost sales, vice the expected loss of 7% mentioned earlier, would be an additional $3.6B in added sales on the top line. For this reason, Target must choose and implement at least one of these recommendations. For all practical purposes it is likely that Target will implement more than one of these solutions, but we have assessed that the RFID tag solution is the most aggressive approach and offers the best long-term solution for this problem.
Paperclips are an everyday use in today's world. They hold our papers together, when we don’t want to use a stapler that will poke the unwanted holes into our paper. They also keep our papers organized and neat. There are many types of paper clips that were created, but only a few really were the ones. Over the many years, since ancient Eurasia, the clip has made its way through many patents, inventors, machines, and much more. There are many different colors, sizes, forms of paper clips.
From PayPal to Debit cards, from EFT to Credit cards, this modern world has been inundated with new ways of making business transactions. Instead of the conventional use of dollars and nickels, now there are electronic payment systems. These types of systems allow for better trust and acceptance between consumer and businesses. In the traditional way of buying a product, one would see a product in person, and pay for it with cash or credit. In e-commerce, the business uploads images of its products online and it enables its customers to shop it using any type of electronic payment system.
To achieve this, Amazon needs to roll out its online payment system that can help in addressing issues such as security and privacy concerns. With the rapid use of internet in the globe today, there is a risk of identity theft and cyber attacks if the company is not keen. By setting up an online payment system, there is a great chance that all transactions between the company and their customers will be discreet. Moreover, the company needs to show more concern for their employee’s welfare as a way of promoting their corporate culture and getting the best out of them. In addition, the company can capitalize on their strong brand to roll more products and services to reach to more and more