price through innovative system from design and plan to sale, distribution and produce.
SPA brands have these following strong points.
1) A company can manage all the process of planning, producing and even distributing.
2) Through 1, they can cut down their production cost.
3) Selling their own brand item in their own shops.
4) Skipping intermediaries which allows quick products turn over
the strategic management of product groups through trade partnerships, which aims to maximize sales and profits by satisfying customer needs". This collaboration occurs as many companies’ resources are pooled to increase the market's total profit. The market utilizes this by uniting with foreign manufacturers to keep prices at a minimum.
There are two crucial factors to succeed in the Public
the internal and external factors affecting the market opportunities for McMorning. First part is strength. McDonald’s best strength is accessibility. There are 237 McDonald’s chains in Korea(23.3.2010). Many people can find them easily and enjoy McMorning in the morning. Low price is also the strong point of McMorning. People can eat it at 2800 won minimum. Moreover, McDonald’s provides se
price.
- In 2010, they won the Korean Franchise competition.
- nominated as good franchise company by SMBA (Small & Medium Business Agency)
- Sales : \ 4,307,000,000 Net profit : \ 152,000,000
i. Product & Price
Premium Care – \ 90,000 ~ 110,000
Special Face Care – \ 40,000 ~ 80,000
Basic Care – \ 30,000 ~ 110,000 (Depend on Parts)
- For Women :
in the semiconductor industry. But it was hard to implement because of their limited capitals.
Then, how they solved this situation ?
They implemented Blue Chip Project. Blue chip project means remodeling old machine and manufacturing new product. So they achieved 90% production yield and showed 0.95 trillion won effect. They invested minimum cost and generated maximum effect.