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AVENUE BOOKSTORE Avenue Bookstore, which is owned by Chris Redfern and is one of Australia's award-winning bookshops, was opened in 1986 in the heart...
AVENUE BOOKSTORE
Avenue Bookstore, which is owned by Chris Redfern and is one of Australia's award-winning bookshops, was opened in 1986 in the heart of Albert Park village. Redfern regards the business as a book haven, a favourite meeting place and a destination for book lovers across Melbourne and beyond.
There are also stores in Elsternwick and Richmond that carry an extensive and personally curated range of local and imported books with a strong focus on the best new releases and backlist titles in all categories. Avenue Bookstore prides itself on a high level of customer service and knowledgeable staff.
Redfern believes that despite the threat of e-books and online suppliers such as Amazon and the post-Borders world, 'there is a great opportunity for good bookstores to thrive' and going to a local bookshop 'is a cultural experience, a curated experience'. He says that customers choose books and Avenue Bookstore employees talk to them about their selections or assist them in choosing books.
References
Avenue Bookstore: https://avenuebookstore.com.au/pages/480-About
'The resurgence of Melbourne booksellers despite the digital revolution, The Age, 15 September 2016: https://www.theage.com.au/national/victoria/the-resurgence-of-melbourne-booksellers-despite-the-digital-revolution-20160915-grh6hf.html
Question 1
Describe the legal business structure you believe is suitable for the Avenue Bookstore. Explain one advantage and one disadvantage of this.
Question 2
Outline three resources (natural, labour or capital) Avenue Bookstore needs in order to operate.
Question 3
Avenue Bookstore has three stores in different suburbs in Melbourne: Albert Park, Elsternwick and Richmond. Explain one factor Chris Redfern would have considered when choosing the location of his stores.
Question 4
Outline a source of finance that Chris Redfern could have used to finance Avenue Bookstore.
Question 5
Explain the strengths and weaknesses of Avenue Bookstore having a bricks and mortar business and an online store.
Question 6
Describe how Avenue Bookstore could use a SWOT analysis to assist with its business planning.
Question 7
Prior to the establishment of any business, the owners should develop a business plan. Describe the benefit for Avenue Bookshop of using a business plan.
