Types of Risk
This clip introduces the concept of business risk and risk management. It notes that business risks can generally be classified into four categories: property, market, employee, and customer.
Subject: retail
Transcript: HAVE TO CONTEND WITH AS SOON AS YOU GO INTO THAT BUSINESS. FOR EXAMPLE, LET'S TAKE RETAIL. THE PRIMARY RISK THAT YOU HAVE IS, ARE YOU GOING TO GET
Choosing A Specific Site
This clip explores some of the factors that go into the decision about where to locate a business once the region and city have been chosen. Depending on the type of business, factors to consider include: the physical attributes of the space, access...
Subject: retail
Selecting the Right Location: Region and City
This clip looks at some of the options for where to locate a business. The initial decision involves what region and then what city in which to locate. Some of the factors that go into the decision include location of customers, competition and supp...
Subject: retail
Seasonal Demand
This clip notes that one of the more challenging aspect of managing working capital is seasonal demand.
Subject: retail
Transcript: CHALLENGING, IN TERMS OF PLANNING, IS SEASONAL DEMAND. NOW IF YOU'RE A SMALL RETAIL OPERATION, AND YOU FIND YOURSELF IN NEED OF SUBSTANTIAL INVENTORY FOR
Credit Purchases
Learn just how prevalent credit has become in retailing and how in today's business world, credit is no longer just a customer convenience, it
Subject: retail
Transcript: CARD BUYING DOES BOOST THE SALE OF ALL RETAIL STORES BY A SIGNIFICANT AMOUNT. IT OFFERS GREATER FLEXIBILITY TO YOUR CUSTOMERS AND AVAILABILITY ON A
Going the Distance
Consultative-style selling remains a popular approach to the sale of retail and wholesale goods and services. What are the four major parts of a
Subject: retail
Inventory Control
The importance of minimizing unsalable or surplus merchandise is the focus of this video. Inventory control is presented as a strategy for business management and marketing, not just recordkeeping.
Subject: retail
Transcript: RETAIL BUSINESS. IN FACT, ONE OF THE MOST IMPORTANT MEASURES OF THE SUCCESS OF A RETAIL BUSINESS, IS THE INVENTORY TURNOVER. THAT IS, HOW FAST GOODS GO OUT
Big Picture, The
Personal selling offers a broad range of career opportunities requiring a wide variety of expertise and skills on the part of the salesperson. Positions range from entry level jobs as sales trainees to highly paid sales supervisors and managers.
Subject: retail
Finding A Niche
This clip explains that a business idea will generally not lead to a successful business venture unless it stands out from the competition.
Subject: retail
Methods of Distribution
This clip explores the most common types of physical distribution, including air, rail, truck and sea. The clip talks about the factors that go into the selection process, noting that the key to successful distribution--apart from physical capabilit...
Subject: retail
Transcript: MOST COMMON TYPES OF PHYSICAL DISTRIBUTION ARE AIR, RAIL, TRUCK OR SEA. WHETHER A PRODUCT IS DISTRIBUTED THROUGH A WHOLESALER, RETAILER, OR DIRECT TO THE