a ECommerce ? Challenger has been allocating a large quantity of

a. E-Commerce

? Challenger has been allocating a large quantity of cash on investment as a part of their set up for e-commerce

? Challenge Vultures: established recently, with a large amount, 20 million, to speculate in several businesses. this allows challenger to reinforce on their e-commerce strategy

? Investments modify challenger to find out more regarding customer support and fulfillment, that are primarily vital for the success of a web store.

? Challenger’s want for e-commerce

? Challenger plans to buy offices in varied countries.

The buying office placed in Shenzhen enlarged to incorporate a warehouse. These offices hunt for product for their house brand Valore in Hachi.tech.

? Challenger’s e-commerce strategy was in greater need when Funan Digital Life Mall declared its closing. The mall, where challenger has its flagship store, spanning 50,000 sq ft, would make way for another building.

? The challenger store in Funan has about 10,000 different merchandise. The Management of challenger believes that online stores can carry plenty additional stocks as compared to the physical store.

At the same time, having a web store frees up space at physical stores as they might not need as much cashier counters and staffs as before, additional area may be used to house and market extra product.

? Having a web store put together gave the members of challenger much more convenience. With the online store, members do not need to go all the way down to the physical store to check their points. Instead, they may simply use the online platform.

? Customers’ benefits for e-commerce

? To attract and encourage more online customers to use their online platform, Hachi decided to offer additional loyalty points when customers purchase product online.

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? Customers may conjointly purchase online and collect at the physical stores for convenience as they could schedule when they would like to collect instead of having to be present during the delivery or risk having to leave the product at a vicinity

? In the financial year 2014, Challenger’s revenue was about thirty five million.

b. Budgeting

? It is an integrated plan of action for the business. Requires company to set specific goals and develop a plan to achieve them.

? Demands a considerable amount of energy and time.

? Creating a budget provides a clear look of how sales and expenses determine what assets and liabilities the company has.