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PROBLEMS FACED BY DECORATIVE LIGHT SHOP - Coggle Diagram
PROBLEMS FACED BY DECORATIVE LIGHT SHOP
Online Competition
Price Undercutting by Online Platforms
Convenience and Wider Reach of Online Stores
Lack of Digital Presence
Customer Expectations for Discounts and Offers
Lack of Differentiation
Price-Driven Competition
Loss of Customer Loyalty
Difficulty in Attracting New Customers
Limited Value Proposition
Intense Competition
Lack of differentiation
Online competition
Price wars
Seasonal Demand Fluctuations
Seasonal Demand
Reduced Profit Margins
Unsustainable Business Practices
Compromised Product Quality
Customer Loyalty Erosion