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Fast Fashion Retailer Success Depends Upon the Ability to Spot

question 75

Essay

Fast fashion retailer success depends upon the ability to spot trends.Explain this in terms of environmental scanning,monitoring and collecting of competitive intelligence.Use an example to support your argument.Companies such as H&M and Zara fall into this category but there are many other competitors.


Definitions:

Routine Jobs

Work that involves repetitive tasks following a set procedure or sequence, often with little to no variation in daily activities.

Differential Piece Rate System

The Differential Piece Rate System is a pay structure where employees are compensated based on the quantity of work produced, with rates increasing once production exceeds a standard level.

Incentive Pay Plan

A compensation strategy that rewards employees for meeting or exceeding performance targets.

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