Harry Potter Essay

annoy tinker is a serial of seven novels written by the British author J. K. Rowling. The nurses is the chronicle adventures of awizard, elicit ceramicist, and his friends Ronald Weasley and Hermione Granger, all of whom are students at Hogwarts School. The master(prenominal) story concerns Harrys point to overcome the Dark wizard victor Voldemort, whose aims are to become immortal, conquer the wizarding public and destroy all those who stand in his way, especially Harry Potter. Since the release of the freshman novel Harry Potter and the Philosophers Stone on 30 June 1997 and the prevail on July 2007, the books have gained immense popularity, commercial success worldwide As of June 2011, the book series has sold about 450 million copies, making it the best-selling book series in history, and has been translated into 67 languages. The last quaternity books consecutively set records as the fastest-selling books in history.Question 1 To what extent was the Harry Potter ser ies simply a spillage leader for the hypermarkets? Harry Potter simply a loss leader for the hypermarkets because its just a market strategy which was used to gain wide market share of the Harry Potter books with the acceptance of millions dollars loss. Question 2 Should such(prenominal) outlay nifty be proscribe or modulate to protect small retailers? Price cutting should be regulated to not only protect smaller retailer but also keep back market from many consequences such as leading to loss profit and price war, cheapen a brand, etc when price cutting is not controlled. Question 3 Bookstores in Kuala Lumpur withdrew the book in expostulation. Was their reaction warrant? The action of bookstore in Kuala Lumpur withdrawing ordinal Harry Potter in protest is justified because it protects their own benefit from macrocosm loss and claiming their objection attitude toward the loss leader strategy of other gargantuan retailer.