If I'm the owner of a art store, how would I go about applying the retail marketing concepts below?
1. The crime rate in my small city has increased. I need to hire new employees and do not know all of them as well as needed. What are the methods of inventory control and merchandise security that I can utilize to address these concerns. In addition, what would be the costs and benefits of each method and determine the ones that would suit my budget and situation.
2. What are the relevant issues involved for pricing inventory, workshops, and seminars? Evaluate the pricing strategies which are: demand-oriented, competition-oriented, or cost-oriented. After reflecting on the benefits and drawbacks of each, which will work best for my current situation and why?
Cite any references used that will benefit my business. Thanks© BrainMass Inc. brainmass.com October 25, 2018, 8:14 am ad1c9bdddf
1. The crime rate in my small city has increased. I need to hire new employees and do not know all of them as well as needed. What are the methods of inventory control and merchandise security that I can utilize to address these concerns. In addition, what would be the costs and benefits of each method and determine the ones that would suit my budget and situation?
Decisions about how much inventory to have at the art store such as raw materials, work in progress, or finished goods; where to store them at the store, and what quantities to have are vital to the art store's success.
Inventory levels that can benefit the art store can be a concept called two "bins" of a product. It works like this: When one bin is empty it is replaced by a second (full) bin, and then another one is ordered. This way, the store always has a replacement, but there is no excess inventory that could be a temptation for employees, or ...
Retail marketing concepts are examined in the following posting. The relevant issues involved for pricing inventory, workshops and seminars are determined.
Risk Management at Wal-Mart
Write a report that demonstrates the principles, concepts, types, frameworks and processes of Risk Management through the following:
A. Define the concept of risk in an organisation (or an example case study organisation) and show how it might be closely tied to the amount of information that is available to make decisions.
B. Describe the various types of risk prevalent to the organisation
C. Develop a framework for handling risk in the organisation
D. Develop a systematic risk management process in the organisation.
Prepare an outline for a business continuity plan that builds on the previous points.
Take into consideration the following:
A. Possible comparisons between the techniques of employment weighted checklists, risk logs, brainstorming sessions, behavioural models, diagramming techniques, flow charting, and conducting productive meetings and suggest their strengths and weaknesses in the organisation
B. The inmpacts of risk events in the organisation through the possible use of qualitative techniques
C. The impacts of risk events in the organisation through the possible development of quantitative risk models
D. The application of conditional probablities and statistical distributions in analysing risk models
E. The difference between business continuity and recovery as applied to the organisation
References must be provided for further analysis.View Full Posting Details