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What is the definition and importance and scope of retail management?
Wiki User
∙ 11y ago
retail management is to rightly manage all the activities needed to carry out to make products or services available to customers from vendor for personal or family use. it carries all the activities that are being done in a business like raising capital, buying products and services, deploying accounting and management information system for control activities, managing warehouses and distribution, developing new products and also the marketing activities. Managing all these activities in retail is what we call retail management.
Importance:
1.it breaks the bulk that comes from vendor into small manageable forms for customer
2. it provides an assortment of products to customer.
3. Not only products is what customers want, they also want service that is being provided by customer
4. sometimes it also manage the inventory and warehouses
5. it also studies customer's needs and wants and provides the sales pattern to the customer
6. it acts as a link between vendor and the end user
7. it provides information as well as convenience to the customers.
scope: http://dibs007.blogspot.in/2009/04/scope-of-retailing-fmcg-2.html
Wiki User
∙ 11y ago
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What is retail management scope and function of retail management?
The retail management scope is to ensure that all retail activities are managed in the right way. The function of retail management is merchandising and ensuring that commodities get to the consumer.
Scope of retail management in future?
The scope of retail management is set to change in the future. This is due to the rise of automation.
What is Nature and scope of retail management?
yes
What is a Project Scope Management Plan?
What is Project Scope?A Projects Scope outlines what work will be done/accomplished as part of the project and also outlines what would not be done as part of the current project.Why is Scope Definition Important?Do I need to say why scope definition is important? Without a list of what needs to be done, how can you expect a team to execute a project? Without knowing what to do, the team will be lost and eventually the project will be a failure.The Scope Management Plan contains all the details of the project scope and what is expected out of the project
Can you explain the difference between the Scope Management Plan and the Project Management Plan?
The Project Management Plan tells you how to manage all of the different knowledge areas, and it has baselines for the scope, schedule and budget. The Scope Management Plan is one of the subsidiary plans inside the project management plan. It has really specific procedures for managing scope. For example, it tells us which stakeholders we need to talk to when gathering requirements. It lists what tools and techniques we are planning to use when we use the Scope Definition to define the scope. And when there's an inevitable change because even the best project manager can't prevent every change, it gives him procedures for doing Scope Management. So even though the Scope Management Plan is created in the Develop Project Management Plan process, it's used throughout all of the Scope Management processes.
What is retail management scope and function of retail management?
The retail management scope is to ensure that all retail activities are managed in the right way. The function of retail management is merchandising and ensuring that commodities get to the consumer.
Scope of retail management in future?
The scope of retail management is set to change in the future. This is due to the rise of automation.
What is Nature and scope of retail management?
yes
What is scope and importance of retail?
to gain customers and have a better customer tactics..
What is a Project Scope Management Plan?
What is Project Scope?A Projects Scope outlines what work will be done/accomplished as part of the project and also outlines what would not be done as part of the current project.Why is Scope Definition Important?Do I need to say why scope definition is important? Without a list of what needs to be done, how can you expect a team to execute a project? Without knowing what to do, the team will be lost and eventually the project will be a failure.The Scope Management Plan contains all the details of the project scope and what is expected out of the project
What is a project management plan?
What is Project Scope?A Projects Scope outlines what work will be done/accomplished as part of the project and also outlines what would not be done as part of the current project.Why is Scope Definition Important?Do I need to say why scope definition is important? Without a list of what needs to be done, how can you expect a team to execute a project? Without knowing what to do, the team will be lost and eventually the project will be a failure.The Scope Management Plan contains all the details of the project scope and what is expected out of the project
Scope of cash management?
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Can you explain the difference between the Scope Management Plan and the Project Management Plan?
The Project Management Plan tells you how to manage all of the different knowledge areas, and it has baselines for the scope, schedule and budget. The Scope Management Plan is one of the subsidiary plans inside the project management plan. It has really specific procedures for managing scope. For example, it tells us which stakeholders we need to talk to when gathering requirements. It lists what tools and techniques we are planning to use when we use the Scope Definition to define the scope. And when there's an inevitable change because even the best project manager can't prevent every change, it gives him procedures for doing Scope Management. So even though the Scope Management Plan is created in the Develop Project Management Plan process, it's used throughout all of the Scope Management processes.
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