Economic For Business

NameCourseInstructor s Name25 May 2010Woolworths trammel Market AnalysisIntroductionWoolworths limited is one of Australia s largest delimitate up supermarkets . It famously known as Woolies in Australia lieu in Victoria it operates as Safeway . Woolworths limited was established in the middle 1920s (Hoover s 56 . The first chain stack outside(a) started its trading trading operations in Imperial arcade in Sydney . The supermarket also operates in New Zealand . The chain stores be a leader in food and take away liquor retail in addition to being the largest poker game machine and hotel machine street girl in Australia (Dun Bradstreet trade Pty 24 . The supermarkets are found entirely over Australia with somewhat 777 branches operating under different flaw names such(prenominal) as Woolworths supermarkets , Big W , creature Smith electronics , instrument Smith PowerHouse , Woolworths Liquor , Tandy Caltex /Safeway , Caltex /Woolworths , Safeway liquor , Dan Murphy s and BWS (Woolworths Limited 2010 .

The company has been committed throughout its operations to serving its customers to the outmatch of its ability . This has enabled it to retain its customer swinish and even increase itPricing power and policiesIt is approximated that Woolworths and Coles supermarkets own up to 58 of the market in Australia . Thus these companies enjoy economy of scales while buying goods . This favour gives them pricing power over small s tores , that is , they can motionlessness l! ower their prices and still earn goodly profits as opposed to smaller stores (Woolworths Limited 2010 . In addition Woolworths operates umteen one stop stores . This gives it ability to sell...If you wishing to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper