Exploring Point of Sale Strategies for Improving Seafood Retailing: The Case of the Australian Oyster Industry

Lawley, Meredith; Birch, Dawn

doi:10.1080/10454446.2015.1121430

Cited by 7 publications

(2 citation statements)

References 15 publications

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“…Studies can contribute to theory and practice by bringing together the existing literature on seller and consumer information about the subjects to develop and test practical strategy concepts [7]. The data frame has 96 observations with 7 variables.…”

Section: Exploratory Analysismentioning

confidence: 99%

Linear Regression Model for Business Strategy

Chen¹,

Li²,

Wang³

2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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This article is a case study that illustrates how a linear regression model can be implied in business strategy to find the relationship between each variable and advise price setting and revenue prediction. With the fast development of big data, a business can get a more thorough data set, so experiment in the real world is more reliable. The challenge is to clean, organize and detect wrong data. This paper aims to use the existing statistic modeling methods to make a business strategy for a company based on a relatively small data frame. R studio is used for all statistical calculations. This paper also examines the interaction effects for the centered and uncentered data set. The result of this study shows that price is negatively correlated to sales and advertising fees, and stores have a positive correlation. It also shows that centering makes a great difference in illuminating the collinearity of interaction terms. Finally, this article analyzes the estimation made by the marketing director and gives suggestions on business strategy in the end.

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Section: Exploratory Analysismentioning

confidence: 99%

Linear Regression Model for Business Strategy

Chen¹,

Li²,

Wang³

2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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“…In terms of regional and country/region-specific productions, it has stagnated in most countries and the increase is primarily driven by the Asian market [8]. While oyster production and consumption have been increasing in some regions [8,23], there are also areas where oysters are underutilized as a resource [24]. The underutilization of oysters in some regions may be attributed to the marketing of oysters, which is influenced by factors such as growth, mortality, quality, price [25], and existing sanitation programs (food safety) [26].…”

Section: Introductionmentioning

confidence: 99%

Comparative Description and Analysis of Oyster Aquaculture in Selected Atlantic Regions: Production, Market Dynamics, and Consumption Patterns

Iitembu,

Fitzgerald,

Altintzoglou

et al. 2023

Fishes

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In the face of an increasing world population and a subsequent need for an increase in sustainable and healthy food production, low trophic species, such as oysters, emerge as a promising alternative. However, regional variations in oyster production techniques, market dynamics, and consumption patterns create challenges for both the global and local industry’s growth. In this study, a descriptive qualitative analysis of oyster markets across seven Atlantic regions was carried out. The Pacific oyster (Crassostrea gigas) was found to be farmed in most Atlantic regions except the US but is classified as invasive in Sweden and potentially invasive in South Africa. Other farmed and/or harvested species include native species (C. gasar and C. rhizophorae) in Brazil, the American cupped oyster (C. virginica) in the US, and the European flat oyster (Ostrea edulis) in France, Sweden, and the US. In Irish farms, Pacific oysters are primarily for export to European markets. The marine aquaculture sectors of Sweden, South Africa, and Namibia, as well as Brazil’s farming for C. gasar, were found to be underdeveloped. This study also observed a variation in licensing, property rights, and regulatory frameworks. Financial challenges for small businesses, ecological implications of seed production techniques, biosecurity risks, and public health considerations are emphasized as critical areas for attention. This study offers valuable insights into the selected markets and can serve as a useful resource for policymakers, aquaculture practitioners, and stakeholders in optimizing global shellfish industry strategies.

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