Case scenario:
If I'm the owner of a art store, how would I go about applying the retail marketing concepts below?
1. The crime rate in my small city has increased. I need to hire new employees and do not know all of them as well as needed. What are the methods of inventory control and merchandise security that I can utilize to address these concerns. In addition, what would be the costs and benefits of each method and determine the ones that would suit my budget and situation.
2. What are the relevant issues involved for pricing inventory, workshops, and seminars? Evaluate the pricing strategies which are: demand-oriented, competition-oriented, or cost-oriented. After reflecting on the benefits and drawbacks of each, which will work best for my current situation and why?
Cite any references used that will benefit my business.