Guillermo Furniture Store Essay Example | Topics and Well Written Essays - 500 words

Guillermo Furniture Store - Essay ExampleChanging price relationship and behaviour of customers in the fast transforming format of society have become critical elements for reservation decisions by the managers. In the recent times, the emerging new environment of high competition from overseas businesses has significantly challenged the successful running of Guillermos Furniture Store in Sonora, Mexico. The advent of overseas businesses with their hi-tech gadgets and small-scale cost goods has hugely impacted Guillermos business. It has not only suffered financial loss but the moo cost furniture from its competitors has also resulted in loss of customers who increasingly prefer the new stores as it meets their requirements for trashy furniture. The low cost furniture of the competitor has necessitated priority decision making by the manager of Guillermo so it could compete effectively against them. Another important issue that influences managerial decision making is the incre asing higher(prenominal) cost of labor which has emerged as a result of large influx of people due to the festering of nations headquarter in the neighborhood. The development in and around Sonora with new international airport, gaudy housing etc., has made it highly attractive for myriad businesses and tourists.