You Have Been Hired to Be the Retail Manager for a Wealthy

question 64

Essay

You have been hired to be the retail manager for a wealthy lottery winner who wants to open a retail store. Your first task is to design the new product assortment. Why is the product offering so important to the success of the enterprise? What information should you use in selecting the product offering? Should you consider product depth and width when selecting the product offering?

---

Definitions:

Theory

A set of principles on which the practice of an activity is based, or an idea used to account for a situation or justify a course of action.

Agreeableness

Agreeableness is a personality trait characterized by being kind, sympathetic, cooperative, warm, and considerate towards others.

Fundamental Need

Refers to a basic human requirement that is essential for individuals to live a healthy and well-balanced life, such as food, water, shelter, and love.

Survive

To continue living or existing, especially in spite of danger or hardship.