Question

Which of not considered one of the elements of “managing a business” a retailer strategy

(A) the retail organization

(B) human resource management

(C) operations management

(D) merchandise management and pricing

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Answer 1

Answer:

option c is the correct answer

Explanation:

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Answer 2

Explanation

• In contrast to wholesale, which involves selling to businesses or institutions, retail involves selling products and services to people. A retailer buys products in bulk from manufacturers, either directly or via a wholesaler, and then sells them to customers in smaller amounts for a profit.
• The strategic approach to managing people in a company or organisation effectively and efficiently so that they contribute to their organization's ability to compete favourably is known as human resource management. It is created to optimise worker performance in support of an employer's strategic goals.
• Designing and managing the manufacturing process as well as modifying internal business processes to produce goods or services are all aspects of operations management.
• The process through which each retailer chooses what products to stock, how much inventory to have on hand to suit consumer demands, where to place them in the shop to increase sales, and how to price them to generate the most revenue.

Hence the merchandise management and pricing is not considered one of the elements of “managing a business” a retailer strategy

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