Business Setup and Management

Understanding the Different Types of Consumer Buying Behavior

Are you looking for ways to improve your company? You can’t do it without understanding your customers and studying different…

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Introduction to the Direct Store Delivery (DSD) Model

To survive in the overly saturated retail market, every business seeks new methods to gain a competitive advantage. One of…

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What Is Cross Merchandising and How to Get It Right?

Marketing pioneer and visionary Morris Hite said: “Advertising moves people toward goods; merchandising moves goods toward people.” Cross merchandising is…

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7 Reasons Why Your Business Loses Customers

All businesses lose customers. According to Profitwell.com, this average customer retention rate by industry is: Retail: 63%Banking: 75%Telecom: 78%IT services:…

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How to Calculate Fixed and Variable Costs

When running a business, there are two types of costs: fixed costs and variable costs. Any alteration in the fixed…

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New Hire Orientation Checklist for Business Owners

You’ve just hired a qualified candidate — someone you think is perfect for the job. Now, you’re tasked with training…

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How to Motivate Retail Employees

First-line employees in the retail industry are the first to communicate with customers. The responsibility of leaving a good first…

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The Ultimate Guide to Pricing Policy

Price is often the determining factor in whether or not a consumer will make a purchase. It is one of…

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10 Effective Strategies for Organizing a Small Warehouse

The key to a successful business is having an organized setup. That’s never more true than in the warehouse, the…

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8 Ways to Make Your Retail Business Eco-Friendly While Saving Money

Thirty percent of Earth’s total waste comes from the United States, and 20.4% of that waste is made up of…

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