Issue Analysis
From the high concentration on the overall performance of the store, the keen issues identified that cause the disturbance in the sales ratio of the Rufus and Emma Belacastran Australian Hardware Store. Those issues including the competition in the Melbourne hardware stores with respect to prices, the rising vacancy rates and the rising cost of labour and delivery charges of store 2 and 3. The management of the corresponding store should evaluate the complete scenario and will implement the most effective strategies for increasing the demand for its products by considering the external factors in mind. Furthermore, the management has no control over the environmental factors but it can manage the current costs of the store products. Through the …show more content…
The analysis elaborates the importance of evaluating the environmental factor for increasing the profit margin.
Qualitative Analysis From the qualitative analysis, the population overview and other respective articles show the increasing profit rate in future with the consistent performance of the organization. This analysis proposed differently from the above two analysis. It concludes that store needs to wait for the improved conditions in future.
Statistical Analysis Report
The Statistical Analysis report has high importance in this research as compared to the sensitivity analysis and the qualitative analysis because it gives the brief overview of the store's performance from the initial stage until the present condition of the store. The statistical analysis majorly focuses on the performance of store two and three because both the store; one and four provide the profit related to the budget. However, the profit of store 2 and 3 decreased with respect to the passing years. Following are the financial reports that show the condition of sales in the two
From the high concentration on the overall performance of the store, the keen issues identified that cause the disturbance in the sales ratio of the Rufus and Emma Belacastran Australian Hardware Store. Those issues including the competition in the Melbourne hardware stores with respect to prices, the rising vacancy rates and the rising cost of labour and delivery charges of store 2 and 3. The management of the corresponding store should evaluate the complete scenario and will implement the most effective strategies for increasing the demand for its products by considering the external factors in mind. Furthermore, the management has no control over the environmental factors but it can manage the current costs of the store products. Through the …show more content…
The analysis elaborates the importance of evaluating the environmental factor for increasing the profit margin.
Qualitative Analysis From the qualitative analysis, the population overview and other respective articles show the increasing profit rate in future with the consistent performance of the organization. This analysis proposed differently from the above two analysis. It concludes that store needs to wait for the improved conditions in future.
Statistical Analysis Report
The Statistical Analysis report has high importance in this research as compared to the sensitivity analysis and the qualitative analysis because it gives the brief overview of the store's performance from the initial stage until the present condition of the store. The statistical analysis majorly focuses on the performance of store two and three because both the store; one and four provide the profit related to the budget. However, the profit of store 2 and 3 decreased with respect to the passing years. Following are the financial reports that show the condition of sales in the two