Recommendations for the company Barnes and Noble and Advantages and disadvantages of each recommendation.
The following are two recommendations from the company Branes and Noble :
1. The first recommendation is to create ebooks and ereaders inside the bookstores. In this digital world where people can sit at home, there are only a few who still likes to go to bokstores to read a book. by selling both paperbook and ebook can increase Branes and noble's revenues.
Advantage : To market the ebook service Branes and noble have to focus on marketing the e book and e reader services. They can show the features of the products to the customers through one to one marketing by its employees which can provide it a competitive advantage over its competitors such as amazon.
Disadvantage : Marketing e book and e reader can decrease the demand of its physical book as people are most likely to move towards e books.
2. The second recommendation is to offer different products and offer employee interactions. Online commerce such as amazon is gaining popularity as it offers variety of products which Branes and Noble has failed to do
Advantage : Offering variety of products wil create interest among the customers and attending them personally will make them engaged.
Disadvantage : As customer preferences keeps on changing it may get difficult for Branes and Noble to keep offering new and interesting products.
Recommendations for the company Barnes and Noble and Advantages and disadvantages of each recommendation.
recommendations for Barnes and Noble and Advantages and disadvantages of each
Interpreting Revenue Recognition for Gift Cards Below are the footnotes to Barnes & Noble Inc.'s 2016 annual report and membership information obtained from its website. The Barnes & Noble Member Program offers members greater discounts and other benefits for products and services, as well as exclusive offers and promotions via e-mail or direct mail for an annual fee of $25.00, which is non-refundable after the first 30 days. Revenue is recognized over the twelve-month period based upon historical spending patterns...
For many years, Borders Group and Barnes and Noble were the dominant booksellers in the United States. They experienced rapid growth, and in the process they forced many small, independent bookstores out of business. Recently, Borders filed for bankruptcy. It was the victim of its inability to change with the times. It did not develop a viable business plan for dealing with digital books and online sales. Below is financial information (in millions) for the two companies, taken from the...
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