This is done by advertising the luxury fashion website on other websites commonly accessed by people and continuously updating the list of products on offer on the website. Especially the list of the top fashions on demand by the market. It is a competitive advantage over other online retailers because it makes people aware of your online fashion house and the top fashions on the market in the store. The knowledge of your store over others by shoppers makes you the shop of choice by online shoppers who are presumed to have had a prior encounter with your online fashion house only. Also, the awareness of shoppers about the top fashion designs on the market in your store makes yours a shop of choice since they are sure to get the desired products rather than trying to make inquiries for them elsewhere.
Identify one key capability you believe is required for success in online sale of luxury goods. Do you think that this capability is likely to be a source of competitive advantage over other fashion houses or over other online retailers? Why or why not?
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References
Academic.Tips. (2022) 'Identify one key capability you believe is required for success in online sale of luxury goods. Do you think that this capability is likely to be a source of competitive advantage over other fashion houses or over other online retailers? Why or why not'. 15 January.
Reference
Academic.Tips. (2022, January 15). Identify one key capability you believe is required for success in online sale of luxury goods. Do you think that this capability is likely to be a source of competitive advantage over other fashion houses or over other online retailers? Why or why not? https://academic.tips/question/identify-one-key-capability-you-believe-is-required-for-success-in-online-sale-of-luxury-goods-do-you-think-that-this-capability-is-likely-to-be-a-source-of-competitive-advantage-over-other-fashion-h/
References
Academic.Tips. 2022. "Identify one key capability you believe is required for success in online sale of luxury goods. Do you think that this capability is likely to be a source of competitive advantage over other fashion houses or over other online retailers? Why or why not?" January 15, 2022. https://academic.tips/question/identify-one-key-capability-you-believe-is-required-for-success-in-online-sale-of-luxury-goods-do-you-think-that-this-capability-is-likely-to-be-a-source-of-competitive-advantage-over-other-fashion-h/.
1. Academic.Tips. "Identify one key capability you believe is required for success in online sale of luxury goods. Do you think that this capability is likely to be a source of competitive advantage over other fashion houses or over other online retailers? Why or why not?" January 15, 2022. https://academic.tips/question/identify-one-key-capability-you-believe-is-required-for-success-in-online-sale-of-luxury-goods-do-you-think-that-this-capability-is-likely-to-be-a-source-of-competitive-advantage-over-other-fashion-h/.
Bibliography
Academic.Tips. "Identify one key capability you believe is required for success in online sale of luxury goods. Do you think that this capability is likely to be a source of competitive advantage over other fashion houses or over other online retailers? Why or why not?" January 15, 2022. https://academic.tips/question/identify-one-key-capability-you-believe-is-required-for-success-in-online-sale-of-luxury-goods-do-you-think-that-this-capability-is-likely-to-be-a-source-of-competitive-advantage-over-other-fashion-h/.
Work Cited
"Identify one key capability you believe is required for success in online sale of luxury goods. Do you think that this capability is likely to be a source of competitive advantage over other fashion houses or over other online retailers? Why or why not?" Academic.Tips, 15 Jan. 2022, academic.tips/question/identify-one-key-capability-you-believe-is-required-for-success-in-online-sale-of-luxury-goods-do-you-think-that-this-capability-is-likely-to-be-a-source-of-competitive-advantage-over-other-fashion-h/.