much of the data we need in Japan are simply not available because the Japanese marketplace is less well developed than in the U.S. Drivers' license data, income data, lifestyle data, are all commonplace here and unavailable there. There is little prior penetration in either country by American retailers, so there is no experience we can draw upon. We have all heard how difficult it will be to open up sales operations in Japan, but recent sales trends among computer sellers and auto parts sales hint at an easing of the difficulties.
"The plan is to open three stores a year, 5,000 square feet each. We expect to do $700/square foot, which is more than double the experience of American retailers in the U.S. but 45% less than our stores. In addition, pricing will be 20% higher to offset the cost of land and buildings. Asset costs are approximately twice their rate in the U.S., but labor is slightly less. Benefits are more thoroughly covered by the government. Of course, there is a lot of uncertainty in the sales volumes we are planning. The pricing will cover some of the uncertainty but is still less than comparable quality goods already being offered in Japan.
"Let me shift over to the competition and tell you what we have learned. We have established long-term relationships with 500 to 1000 families in each country. This is comparable to our practice in the U.S. These families do not know they are working specifically with our company, as this would skew their reporting. They keep us appraised of their catalog and shopping experiences, regardless of the company they purchase from. The sample size is large enough to be significant, but, of course, you have to be careful about small differences.
"All the families receive our catalog and catalogs from several of our competitors. They match the lifestyle, income, and education demographic profiles of the people we want to have as customers. They are experienced catalog shoppers, and this will skew their feedback as compared to new catalog shoppers.
"One competitor is sending one 100-page catalog per quarter. The product line is quite narrow—200 products out of a domestic line of 3,000. They have selected items that are not likely to pose fit problems: primarily outerwear and knit shirts, not many pants, mostly men's goods, not women's. Their catalog copy is in Kanji, but the style is a bit stilted we are told, probably because it was written in English and translated, but we need to test this hypothesis. By contrast, we have simply mailed them the same catalog we use in the U.S., even written in English.
"Customer feedback has been quite clear. They prefer our broader assortment by a ratio of 3:1, even though they don't buy most of the products. As the competitors figured, sales are focused on outerwear and knits, but we are getting more sales, apparently because they like looking at the catalog and spend more time with it. Again, we need further testing. Another hypothesis is that our brand name is simply better known.
"Interestingly, they prefer our English-language version because they find it more of an adventure to read the catalog in another language. This is probably
Math has become an inseparable part of our lives and whether we work in an office or spend most of our time at home, each one of us uses math as a part of our everyday life. No matter where we are as well as whatever we are doing, math is always there whether you notice it or not. For those of you who feel anxious about using mathematics, here is a list of daily activities that involve the use of this universal subject. So sit back and take a look at how we use math in our everyday life.
Usage of math in everyday life
- Chatting or making calls using mobile phone
Everyone uses cell phones and it is no surprise that one needs to have the basic knowledge about numbers, signs and digits before using it. From surfing the internet, faxing documents to making calls and sending messages, math is definitely a part of our lives.
- Math in the kitchen
Have you ever noticed that before cooking anything, we always measure the ingredients in their quantity, hence making use of math in the kitchen as well? In fact, the use of stove and the adjustment of its flame also involve the use of math to some extent.
Also read:Usage of science in our everyday life
Banking is probably the one place where math is used more than anywhere else. Going to a bank means that you need to have proper accounts of the money that you want to withdraw, deposit, etc. No one without basic knowledge about math can do anything in a bank, hence making this subject an inseparable part of our lives.
Math is also used by artists while making paintings, designing collages as well as during dance performances. In all these cases, the size of the canvas, size of the stage, space required, etc play a very important role and deciding all these aspects is literally impossible without the knowledge of maths.
- Gardening/ Mowing the lawn
This will basically make you wonder if math is used in gardening at all. Yes, whether you are planning to sow seeds or count the number of plants, everything requires numbers. You need to know the number of holes to be dug and the number of seeds to be put in each hole. All tasks carried out inside a garden require proper measurements.
Planning to go on an outing? Well, you surely need to know the distance you have to travel as well as the estimated gallons of fuel that you need to use. Those travelling via aeroplanes need to know the arrival and departure times of their flights, something which involves the use of mathematics to a very large extent. Even people who travel by train need to know the distance remaining after each station and the arrival/ departure times.
This is probably the most common use of math in which we make a list of things we need to buy as well as make payments in the end.
There is no denial in the fact that math has become an everyday part of our lives. If you can think of any other usage of math in our everyday life, do share them with us.
- importance of mathematics in daily life
- importance of mathematics in our daily life
- use of mathematics in daily life essay
- importance of maths in daily life
- use of mathematics in daily life project
- importance of maths in our daily life
- importance of mathematics in daily life essay
- role of mathematics in daily life
- essay importance of mathematics
- role of mathematics in our daily life