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retail entrepreneur

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Description

Retail entrepreneurs organise business processes and concepts in his/her personally owned business.

EssentialOptional

Theoretical Knowledge

law of obligation commercial law competition law accounting techniques e-commerce systems market pricing

Practical Skills

identify suppliers supervise sales activities study sales levels of products implement sales strategies control of expenses ensure compliance with purchasing and contracting regulations perform project management build business relationships manage staff set up pricing strategies perform customers’ needs analysis handle financial overviews of the store develop business case monitor company policy provide customer follow-up services plan marketing campaigns guarantee customer satisfaction analyse data for policy decisions in trade organise product display negotiate sales contracts recruit employees manage financial risk implement marketing strategies arrange ordering of products for customers maintain financial records check deliveries on receipt comprehend financial business terminology keep records of merchandise delivery examine merchandise operate cash register create annual marketing budget carry out cross merchandising ensure point of sale material availability maintain relationship with suppliers maintain relationship with customers