Franklin Corner Bar And Liquor Store - 885 Words

Franklin Corner bar and liquor store has more than 20 competitors located in the area, including independent stores, Shoprite Wine and Spirits, and Joe Canals Discount liquor outlet. Franklin Corner markets solely through word of mouth. They are located between two large apartment complexes, which are where they get most of their customers. Their customers at the bar range from ages 40 to 60. At least 70% of their customers visit the bar 3 to 4 times a week. Even though Franklin corner’s bar has a very high customer retention rate, they earn most of their revenue by selling liquor. One of Franklin Corner’s top competitors is Shoprite Wine and Spirits. Shoprite has been one of the largest retail-owned supermarkets in the United States for decades. In 1965 Shoprite decided to extend their brand by opening liquor stores in several of their locations. Shoprite has an established reputation for selling low priced products compared to their competitors. Their stores are able to offer their consumers the lowest overall prices, and the greatest value, in the marketplace by buying in volume. Joe Canals discount outlet store is another top competitor to Franklin corner’s liquor store. Joe Canals carries a wide range of craft beer, wine and spirits at a low price point. They also have free wine and beer tastings weekly, celebrity appearances, wine and spirits education and special events. A disadvantage that both Shoprite and Joe canal has is the inability to expand to manyShow MoreRelatedProhibition Of The Usa Prohibition2994 Words   |  12 PagesVolstead act. This law was created in the hope of reducing the consumption of alcohol, but in actual fact it lead to; organised crime, bootlegging, gangsters, illegal smuggling, speakeasies and moonshines which all encouraged the consumption illegal liquor. This law also had many effects on the society such as the economy and the deaths related to alcoholic poisoning. Still today there is a debate on whether it was a moral noble action or a failure, but would America have been better off not havingRead MoreAmerican Histo ry Eoc Study Guide5327 Words   |  22 Pagesnear the factories where the people who lived in them worked. They had no indoor plumbing, little ventilation and light and were polluted and stinky. 33) Grant’s â€Å"Black Friday Scandal†: In 1869, speculators Jim Fisk and Jay Gould attempted to corner the nation’s gold market. They enlisted the help of Grant’s brother-in-law, who had pledged to prevent the president from finding out and acting to ruin the scheme. The conspirators bought huge amounts of gold and gold futures, sending the priceRead MoreLogical Reasoning189930 Words   |  760 PagesPreface Copyright  © 2011-14 by Bradley H. Dowden This book Logical Reasoning by Bradley H. Dowden is licensed under a Creative Commons AttributionNonCommercial-NoDerivs 3.0 Unported License. That is, you are free to share, copy, distribute, store, and transmit all or any part of the work under the following conditions: (1) Attribution You must attribute the work in the manner specified by the author, namely by citing his name, the book title, and the relevant page numbers (but not in anyRead MoreDeveloping Management Skills404131 Words   |  1617 PagesDeciding When to Delegate 464 Deciding to Whom to Delegate 465 Deciding How to Delegate Effectively 465 Review of Delegation Principles 470 International Caveats 471 443 SKILL ANALYSIS 474 Cases Involving Empowerment and Delegation 474 Minding the Store 474 Changing the Portfolio 475 SKILL PRACTICE 476 Exercises for Empowerment 476 Executive Development Associates 476 Empowering Ourselves 480 Deciding to Delegate 481 CONTENTS xiii SKILL APPLICATION 483 Activities for Empowerment and Delegation