Question: please help me with the below for retail managenent : At this point, you have a detailed plan for your brand or product and have

please help me with the below for retail managenent :

At this point, you have a detailed plan for your brand or product and have considered the retail environment in which you will operate. Now, it is time to add some additional details related to pricing, merchandise management, stakeholders, customer service, and risks

QUESTION

1

1.1

Describe the price sensitivity you expect your customers to have based on the price elasticity of your products.

1.2

Identify your predominant price strategy, apart from odd pricing, that you

intend to use. Justify your choice.

1.3

Explain how you intend to limit the number of mark

-

downs.

QUESTION

2

2.1

Describe your merchandise philosophy.

2.2

Outline your plan for your merchandise range.

2.3

Construct a diagram depicting one of your product category lifecycles

QUESTION

3

3.1

Identify your top three stakeholder types. Justify your selection.

3.2

Compile a stakeholder analysis for ONE of these stakeholders.

QUESTION

4

4.1

Describe your overall approach.

4.2

Outline the types of services you intend to offer to customers.

4.3

Explain your strategy to recover from potential service failures

QUESTION

5

5.1

Identify the risks you expect to encounter and describe techniques you intend to employ to mitigate these risks.

5.2

Explain how you will detect and prevent shoplifting.

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