When there is NTUC around,very likely there will be Sheng
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Shiong supermarket poping out.....
Nowdays the sheng shiong at bedok is so pack with customers
then NTUC the crowd like die down liao sia
Will Sheng Shiong business take over NTUC one day?
Which supermarket you like
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serangoon dun hv... toa payoh also... tink they only look for cheap place to operate...Originally posted by noahnoah:Shiong supermarket poping out.....
Nowdays the sheng shiong at bedok is so pack with customers
then NTUC the crowd like die down liao sia
Will Sheng Shiong business take over NTUC one day?
Which supermarket you like -
Prices and variety wise, I prefer Sheng Siong. NTUC just open at my house area, and heard that Sheng siong will be relocated to the same area.Originally posted by noahnoah:Shiong supermarket poping out.....
Nowdays the sheng shiong at bedok is so pack with customers
then NTUC the crowd like die down liao sia
Will Sheng Shiong business take over NTUC one day?
Which supermarket you like -
ntuc still have cheers.
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As supply is high and competition is keen, this is almost like Perfect competition. All supermarkets know each other's price and will change theirs accordingly. Consumers have a wide variety as their goods are homogeneous. This consumers will buy from the supermarket that hasthe cheapest good. however, some consumers will continue to buy from a more expensive supermarket if they have brand loyalty.Originally posted by noahnoah:Shiong supermarket poping out.....
Nowdays the sheng shiong at bedok is so pack with customers
then NTUC the crowd like die down liao sia
Will Sheng Shiong business take over NTUC one day?
Which supermarket you like
when sheng shiong and ntuc are nearby, it suits the consumer as it gives him more choices and cheaper prices. -
I have a funny feeling that sooner or later Temasek Holdings will take up a stake in Sheng Shiong.
If you can't beat 'em, join 'em! -
Sheng siong listed meh?Originally posted by teraexa:I have a funny feeling that sooner or later Temasek Holdings will take up a stake in Sheng Shiong.
If you can't beat 'em, join 'em! -
Where got PC?Originally posted by unclebutcher:As supply is high and competition is keen, this is almost like Perfect competition. All supermarkets know each other's price and will change theirs accordingly. Consumers have a wide variety as their goods are homogeneous. This consumers will buy from the supermarket that hasthe cheapest good. however, some consumers will continue to buy from a more expensive supermarket if they have brand loyalty.
when sheng shiong and ntuc are nearby, it suits the consumer as it gives him more choices and cheaper prices.
Sorry guys if you want to avoid reading Econs lecture-esque stuffs please scroll down thx.
PC's characteristics are many buyers, many sellers, homogeneous product and no barrier to entry.
Opening a supermarket involves a huge amount of capital outlay to achieve the necessary economies of scale that makes the business profitable. Sheng Shiong's competitiveness partly comes from its preference to buy in bulk and pay in cash.
I would say that the market structure of supermarkets in Singapore is somewhat like an oligopoly with many numerous small players that can't effectively affect the market.
Besides, the unwillingness to change prices is due to price rigidity as a result of the kinked demand curve of a competitive oligopoly.
Sorry for the boliao answer.
I still like Sheng Shiong though. Saw them grow from a small humble shop in Ang Mo Kio to where they are today. -
i don't think so.Originally posted by teraexa:I have a funny feeling that sooner or later Temasek Holdings will take up a stake in Sheng Shiong.
If you can't beat 'em, join 'em! -
The stock market is not the only way to buy stocks.Originally posted by CannyOng:Sheng siong listed meh?
Private equity? Never rule out such a possibilty. -
they are planning to..Originally posted by CannyOng:Sheng siong listed meh?
i remember some news got say.. -
I like sheng.
Btw, supermarket all sell shelve spaces. They dont sell products. Manufacturers and companies pay them for the space and all that. Expensive stuffs that they want you to buy are at eye level while el cheapo stuffs are placed lower down. -
Bedok lor
Bedok Town Centre and Bedok Reservoir.. Got NTUC, got 1 Sheng Siong beside
Dunno now still got or not... Buy $30 of barang at NTUC Bedok Town Ctr got gift -
can lar.. both same.. no difference...