Ch 5: Retail Store Management

About This Chapter

This chapter covers concepts and skills related to effective retail store management. The engaging lessons in this chapter explore inventory costs, marketing strategies, merchandise planning and employee buy-in.

Retail Store Management - Chapter Summary

These short and simple lessons cover essential knowledge and skills that your managers need in order to properly manage retail stores. This corporate training chapter will help your managers:

  • Understand inventory costs
  • Know how retailers reach different markets to sell their products
  • Learn the importance of merchandise planning and how it relates to a store's overall business plan
  • Define the benefits of employee buy-in

These lessons highlight retail definitions and include illustrative examples of important managerial concepts. Each lesson includes a self-assessment quiz that's designed to help your employees check their understanding of the material as they work through the chapter. The lessons can be accessed on any computer or mobile device, and managers can learn and review the chapter material at any time.

How It Helps

  • Highlights the importance of committed employees: Your managers should understand why it's important for employees to embrace the mission and goals of the company.
  • Builds awareness: It's important that your managers become aware of financial factors involved with retail store management, such as inventory cost.
  • Encourages planning: Managers will learn the steps needed to implement an effective merchandise plan.

Skills Covered

By the end of this chapter, employees should be able to:

  • Recognize the different types of inventory cost
  • Identify various retail segments and marketing strategies
  • Understand the process of merchandise planning
  • Explain the concept of employee buy-in

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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