Retail
Retail Profile and Analysis
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General Information
Occupation: Retail
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Retail Profile Update
Description: Earnings Potential: Upward Mobility: Educational Requirements:
Retail Long Term Outlook Update
- New Products (Retail) New products can help Retail to expand their business and diversity their customer base…
Economic Advantages:
- Brand Name (Retail) A strong brand name is a major strength of Retail. This gives Retail the ability to charge higher prices for their products because consumers place additional value in the brand…
- Customer Loyalty (Retail) When given a choice, customers are loyal to Retail. Instead of targeting all customers, Retail only needs to target new customers in order to grow their business…
- Strong Management (Retail) Strong management can help Retail reach its potential by utilizing strengths and eliminating weaknesses…
Economic Disadvantages:
- Work Inefficiencies (Retail) An inefficient work environment means that Retail’s goods and services are not being utilized properly…
- Customer Service (Retail) Weak customer service hurts Retail’s reputation and causes customers to flee to competitors, who are more respondent…
- High Staff Turnover (Retail) High staff turnover can hurt Retail’s ability to compete, because replacing valuable staff is expenses…
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