Islaming Banking in Malaysia

As discussed with my fellow team mates, we have agreed to set up a furniture outlet that designs and sells ready-to-assemble furniture (such as beds, chairs and desks) appliances and home accessories. Our aim is to provide affordable products and to ensure that this outlet creates a comfortable ‘family oriented’ atmosphere for people of all ages to shop here.

Product and process selection and facility layout

Basically we want to position the business as a home furnishing specialist that provides a wide range of well-designed, functional solutions at a low price, a feature that attracts families with a combined household income of RM2,000 which offers some products ranging from various categories of bedding, kitchen utensils, children furniture, textile to home accessories.

Low prices are essential to us, thus we implemented various method to thrive to become cost conscious. One of the methods to reduce the cost for storing the products is by using flat packages that do not waste unnecessary space. Using flat packages also saves transportation cost that lowers the prices for the product hence there should be no additional storage cost.

Generally, people have an idea that price and quality are directly related as in, higher the price better is the quality and lower the price lower is the quality. We would like to change this perception related to our products and provide customers with the best state of art services and good after sale value so people would definitely return after having their first shopping experience in our outlet.

Most of the successful new retail concepts have gone beyond functional benefits to deliver emotional or self-expressive benefits. We want the outlet to be all about simplicity, natural, moderation, humility, calmness and self-restraint and nothing too extravagant.