Understand the Business of Retail
Understand the Business of Retail
Outcome 1 A. List the different retail channels and state the main features of each one.
Retail Channel | Benefits/Features | Shops | * Lots of choice * Discounts * Sales | Internet | * Free delivery * Quicker * Buy from home * 24 hour delivery * Sales * Register for offers | Warehouse | * Professional products * VAT free days | Catalogues | * Pay weekly or monthly * Order from your home | Salon | * Professional environment * Products and advice | Market Skills | * Very cheap |
B. Size and types of retail outlets typically found in a variety of retail locations such as high street or retail business parks.
Department store- Marks and Spencers are smaller in outlets and towns, and bigger in cities.
E.g. small in junction 32 outlet, medium in Wakefield town centre and large in Leeds city centre.
Understanding The Business of Retail
Outcome 2
Understand the range of retail occupations A. State how retail occupations differ between small, medium and large retail business.
Small | Medium | Large | Mobile hairdresser | Town Salon | City Salon | Village salon | | Cruise Ship | | | Chain salons |
Small retail companies/shops have: * Limited stock- Limited sales * Less variety and ranges of products * Do not have big overheads
Medium retail companies/shops have: * Offers more choice * Wider range of products * Still limited stock and products
Large retail companies/shops have: * Mass amount of stock * Wider range of products * Bigger sales- more profit
B+C
Identify the entry points and progression opportunities for a variety of retail occupations.
Outline the skills, personal attributes and behaviours required for a range of retail occupations.
For task B and C, we were asked to work in small groups to research a retail occupation, outlining the entry points, progression opportunities, skills, personal
Outcome 1 A. List the different retail channels and state the main features of each one.
Retail Channel | Benefits/Features | Shops | * Lots of choice * Discounts * Sales | Internet | * Free delivery * Quicker * Buy from home * 24 hour delivery * Sales * Register for offers | Warehouse | * Professional products * VAT free days | Catalogues | * Pay weekly or monthly * Order from your home | Salon | * Professional environment * Products and advice | Market Skills | * Very cheap |
B. Size and types of retail outlets typically found in a variety of retail locations such as high street or retail business parks.
Department store- Marks and Spencers are smaller in outlets and towns, and bigger in cities.
E.g. small in junction 32 outlet, medium in Wakefield town centre and large in Leeds city centre.
Understanding The Business of Retail
Outcome 2
Understand the range of retail occupations A. State how retail occupations differ between small, medium and large retail business.
Small | Medium | Large | Mobile hairdresser | Town Salon | City Salon | Village salon | | Cruise Ship | | | Chain salons |
Small retail companies/shops have: * Limited stock- Limited sales * Less variety and ranges of products * Do not have big overheads
Medium retail companies/shops have: * Offers more choice * Wider range of products * Still limited stock and products
Large retail companies/shops have: * Mass amount of stock * Wider range of products * Bigger sales- more profit
B+C
Identify the entry points and progression opportunities for a variety of retail occupations.
Outline the skills, personal attributes and behaviours required for a range of retail occupations.
For task B and C, we were asked to work in small groups to research a retail occupation, outlining the entry points, progression opportunities, skills, personal