Bancfirst Research Paper Example | Topics and Well Written Essays - 500 words - 1

Bancfirst - Research Paper Example Marketing intermediaries dictated by intermediaries who help close business sales are another micro-environmental factor. Yet another environment is the macro-environment, which is uncontrollable. The business must adapt to these factors, including social, economic, political, legal environment and, in addition, technical environment. Bancfirst is most likely to be affected by factors that influence their client base, such as competition and prospects of growth. Additionally, macro-environment factors, such as the economic environment and legal environment will affect the operations of first bank on a day-to-day basis (Tracy, 12). If there is an increase in consumer income, the demand for the house will go up, and as such, the demand curve shifts to the right. Increase in income thus shifts the demand curve right. Another cause for a demand curve shifting to the right is changes in preference, with the recent high price houses coming with increased comfort and security, making consumers buy more of these sorts of houses. The demand curve for houses has shifted to the right. Finally, the demand curve may be shifted by changes in expectations. If clients expect to have a job for a long time, coupled with increased income, then demand for products will increase and, as a result, the demand curve shifts to the right. The demand curve shifting to the right on houses caused the equilibrium price for houses to rise (Tracy 11). The supply curve for Bancfirst was affected by various factors. Changes in the supply curve occur when product supply is affected by other factors other than its price. Increased technology caused the supply curve to shift to the right, while the number of clients wanting to buy houses caused the supply curve to shift to the right. The price of substitute investments also fell, causing the supply curve to shift to the right. The increase in supply caused the supply curve to shift to the right, thus causing

Assignment requires you to perform a strategic review of Asda Essay

Assignment requires you to perform a strategic review of Asda - Essay Example The system also tracks individual customer’s consumption pattern and offers them suggestions and special offers and discounts on products that they often buy. Asda realises that its major work force is dependent on human resources, so they provide extensive training to their employees. Acquisition by Walmart has enhanced its presence in the non-food retail market. Within five years, Asda’s non-food retail chain has increased its offering to more than 12,000 merchandize. 5 Asda is one of the leading supermarket chains in Europe, which was acquired by Walmart in 1999. It operates as one of the largest grocery store and it also sells a variety of products including apparels, household items, books, etc. After its acquisition by Walmart, Asda is supported financially and also in its operations by providing cheaper resources. Asda has its core competence in food retail, but it has now expanded in to the non-food sector as well. The company faces steep competition from fellow companies like Tesco, Sainsbury and Morrison’s. The product offering in the retail sector is highly standardized, so the companies try new ways to differentiate themselves on the basis of service quality and brand valuation. Market environmental factors like tax imposition and business regulations often pose hindrance on retail business. Asda Stores Ltd., headquartered in Leeds, West Yorkshire, is a British retail supermarket chain which caters in sections like food, clothing, toys, general merchandise and financial services. In 1999, Walmart wanted to penetrate into the British market, so they lobbied with the then British Prime Minister Tony Blair and acquired Asda for  £ 6.7 billion, winning a bid from rival Kingfisher plc. The main competitors of Asda are J Sainsbury plc, Tesco plc and WM Morrison Supermarket plc. Over the years, Asda has managed to position itself as UK’s cheapest retail supermarket. As of 2012, Asda’s operating profit increased by  £51 million to  £857