4. Each of these three businesses has their own advantages and disadvantages. The UPS is a service company which has a lot of printing and mail services. What’s great about them is that they have easy service that can mail and ship items across the world, and is one of the larger companies that is known for mailing items. Mailing and shipping are really common these days and is a great advantage. The environment and problems occurring with mailing and shipping are a disadvantage. More mailing and shipping requires a lot more transportation which leads to more pollution. Also, mailing and shipping items can also have problems like transportation traffic, mixed items, wrong sending information, and items can get lost.
The Cyclepath is the smallest business out of all the three. It is more independent than three being the retail store for the whole business, unlike Home Hardware where it has multiple locations. What advantages they have is that they are known and are experts with bikes. Which makes them a really reliable store. They have an old history and is around until now. Their business seems to be still growing strong and has an advantage on its market with their consumers. With that being a small business making a profit may differ from the other two companies because of only selling bikes. Cornering a market that isn’t as large today may be hard for the business.
Home Hardware in the Danforth is one of its kind by selling a wide range of products making it easy for consumers to buy their selection of products. They sell multiple of products for a wide variety of consumers making it a great advantage for Home Hardware. Being more accessible attracts more consumers which helps the business a lot. The disadvantage of this business is having too many different products and what and what not to sell. This alone could waste money for the company but sacrifices for being a hardware store for selling multiple of products.
Out of the three business, I would choose The UPS. This is because unlike Cyclepath it is a much larger company, and even though both companies have their own individual market mailing, shipping and printing services are much more popular than having to bike especially having to buy a bike still cost around $100 to have a good bike. Home Hardware is a hardware store which can be replaced by other small hardware companies that sell items cheaper and also doesn’t waste money to buy every hardware product for the consumers. Some products may be sold but others may be no and that wastes money. The UPS is a big company with having a popular market by sending and shipping mail and items. There aren’t a lot of shipping companies that are known like the UPS and have the reliability as them. The only change would be to improve any mailing and shipping services so that nothing will get lost or mixed up in the process
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