What are different types of retail formats? If you were to start a store of your own which product would you choose and how would you go about setting up your store | SolveZone
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What are different types of retail formats? If you were to start a store of your own which product would you choose and how would you go about setting up your store

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Course NMIMS Assignment Questions
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Short Name or Subject Code Retail Store Design and Location
Product NMIMS Assignment Questions of Questions (Nmims Blog)
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NMIMS Global Access

School for Continuing Education (NGA-SCE) 

Course: Retail Store Design and Location

Internal Assignment Applicable for June 2020 Examination

Assignment Marks: 30 Instructions:

 

Instructions :-

  •  All Questions carry equal marks.
  • All Questions are compulsory
  • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.
  •  All answers to be written individually. Discussion and group work is not advisable.
  • Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.
  • Students should write the assignment in their own words. Copying of assignments from other students is not allowed
  • Students should follow the following parameter for answering the assignment questions

 

For Theoretical Answer

Assessment Parameter

Weightage

Introduction

20%

Concepts and Application related to the question

60%

Conclusion

20%

For Numerical Answer

Assessment Parameter

Weightage

Understanding and usage

of the formula

20%

Procedure / Steps

50%

Correct Answer &

Interpretation

30%

 

 

 

 

 

 

 

 

 

 

  1. . Ferrari wants to set up its store in Pune. Which would be the most ideal location and why? (10 Marks)
     
  2. What are different types of retail formats? If you were to start a store of your own which product would you choose and how would you go about setting up your store ( 10 marks)
     
  3. Case Study
    Taco Bell to open 600 outlets in next 10 years

    Taco Bell, the global Mexican fast-food major, is planning to open 600 outlets in India over the next 10 years. If implemented successfully, this can make India the second largest market for Taco Bell, after the US, said Liz Williams, president Taco Bell international. "India is one of the most important markets outside the US and its diverse nature offers an opportunity to Taco Bell, as we are adept to embracing change. After the new plan is implemented successfully, India will emerge as the second largest market for Taco Bell." said Williams. Currently, South American countries are it leading markets outside the US. Taco Bell operates through 500 restaurants in 30 countries outside the US. In the US it has around 7000 restaurants. Since it began its journey in India in 2010. Taco Bells growth has been muted. In 2015, it got Burman Hospitality to expand its business and had open up 30 restaurants in total of 11 cities. Now with the focus off its global management on the local market, Taco Bell will ramp up the process. This year it plans to open up 35 outlets and add up to five new towns in Bengal and Gujarat.in its portfolio, she said. The American chain, from the Yum! Brand Group has appointed Delhi's Burman Hospitality as its master franchisee partner for the same. Under the current model, Burman Hospitality will own and operate all Taco Bell outlets with the right to sub-franchise. According the Gaurav Burman, director Burman Hospitality, it may look to sub-franchise some of the locations in the next three to five years. "However we would be launching the flagship restaurant’s in any new location on our own. This would help us establish the brand and set the standards." He said. While Burman didn’t specify the amount of capital they need to invest for the expansion, estimates suggest that the firm may need to pump ₹80 to 100 crore a year for the same According to Williams, the market is ready for a widespread expansion, unlike earlier when Yum! brands focused on its other two chains KFC and Pizza Hut in India. Currently, there are some 800 operational outlets between the two brands in India. However, Williams said over the years the number of Taco Bell outlets might overtake KFC and Pizza Hut.

    a. How many outlets is Taco Bell planning to open in 10 years and what is the strategy to do so? (5 Marks)

    b. Why is India becoming such an important market for Taco Bell and whom are they tying up with and why? (5 Marks)