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- Discuss the top 3 (three) skills that lead to effective retail management and the challenges faced in mastering these skills.
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- Write a narrative report about the Retail Management plan of a company.Describe the similarities and differences between the organizations of small and large retail companies. Why do these similarities and differences exist?2. Identify the target market for the retail trade and discuss how it is trying to develop an advantage over its competitors
- In order to adopt a multi-, or omnichannel business model, retailers need to manage increased complexity as they try to integrate different channels, technologies, skills, logic, etc. into one seamless retail experience. In this assignment, you are to reflect on the omnichannel business model from an e-commerce perspective. Your reflection should include (but is not limited to) thoughts on why omnichannel is regarded as a crucial retail strategy to adopt, regardless if you are a brick-and-mortar, brick-and-click or a pure e-commerce retailerAssume you are considering opening a retail business. You are trying to decide whether to have a traditional “brick-and-mortar” store or to sell only online. Explain how the activities and costs differ between these two retail arrangements.Why retail strategy should have the element of customer loyalty to build a sustainable competitive advantage?
- Discuss three key challenges for a retail store warehouse manager and provide an explanation of how you will overcome each of these challenges.why omnichannel is regarded as a crucial retail strategy to adopt, regardless if you are a brick-and-mortar, brick-and-click or a pure e-commerce retailer, and the main challenges of a pure e-commerce retailer when to implement a successful omnichannel business model.From a personal perspective, how does retailing rate as a potential career compared with others you are considering?