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Costco Essay Topics & Paper Examples

Costco Wholesale in 2012

Costco is one of United States’ largest retailers, serving over 3600 variants of convenience products at excellent quality with competent prices. Founded in 1983, Costco quickly expanded in its operations to over 598 stores worldwide. One of the unique selling propositions of Costco is the fact that they offer very low prices as compared to their competitors without requiring to compromise quality. This paper will analyze Costco’s key success factors in terms of its strategic management. Business Model Costco’s business model is simple and straightforward; they offer high quality products at affordable rates. The centerpiece of Costco’s model entails high sales volume and rapid inventory turnover. Costco enjoys high inventory turnover which means that they don’t need to stock a…

Zombie Apocalypse Scholarship Essay

When (not if) the world is overcome with the mindless, living dead, my plan for survival will keep my brains, as well as anyone’s who follows this plan to the letter, intact. First, as everyone who still has a functioning brain knows, a survivor’s hiding place needs to be heavily stocked with the necessities: food, weapons, food, medicine, food, clothes, hygienic supplies, and of course, food. Logically, the best place to find such items, in vast quantities, would be Retail stores or Superstores, such as Wal-mart, Sam’s Club, or Costco. These stores usually operate within a large building perfect for keeping out those pesky zombies and keeping one’s brain out of their stomachs. This choice in accomodation also comes with…

Costco case Analysis

1. What is Costco’s business model? Is the company’s business model appealing? Why or why not? Costco’s business model is focused on producing high sales volumes and rapid inventory turnover by offering members low prices on a limited selection of national name brands and select private-label products in a wide range variety. Costco is focused in low-cost strategy is concentrated on a narrow buy segment and out competing rivals by having lower costs, therefore being able serve a niche consumers at a lower price. (Gamble, John and Thompson, Arthur (2009). Costco’s business model is appealing because they are able to continually sell to a niche market. This niche market has annual income which ranges from $75,000 to $100,000 or more…

Costco Wholesale in 2012

Analysis and Evaluation Since the inception of Costco in 1983, one of its drawbacks is, they have 4,000 selections of merchandise compared to their competitors. In addition, customers can only purchase merchandises in bulk. Consumers who shop at Costco do not have the choice to pick up one single item, for instance a can of soup. Although Costco prices are low and the consumers get more for their money, more consumers are wasting food because they no longer have the big families. Costco needs to look at the demographics and re-evaluate their business model, as this could be detrimental to the company. In today’s society, more families are getting divorce and are becoming single parents. The big families are almost…