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Retail organization structure

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Before learning about the organizational structure of the retail industry let's know about retail.  So what is retail? Basically retail is a method of selling product through multilevel of distribution chain. Distribution Chain of the retail sector In the list of distribution chain manufacturer comes first then the wholesaler then comes retailer. The manufacturer makes goods, then the wholesaler bought goods then distribute them to the retail markets and finally retailers sell products to the consumer. Retail is a huge industry and it’s growing day by day, it is growing 25-30 % annually. On the basis of organization structure retail is divided into two parts                                                   Organized Retail Sector This part of the retail sector is more dominating than others and it has huge mark...
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how to improve personality development skills

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 How to create Magnetic Personality ? I will not tell to what to do, i will tell you what you shoul not do and you will find what to do then. A belief that I have succeeded:  When a person always thinks that he has succeeded and he has a strong desire to claim credit for every small success. When you have this type of mentality you lose engagement with peoples when you talk more about your success and achievement not the way of your struggle, you still talk about your assets like your branded car or watch or a costly house, etc, people get detached to you. This is one reason that will put people off you. Winning too much, criticizing the source of feedback:  If you winning every time it can be very dangerous winning every time can make you overconfident. And if someone tells that you are wrong then you take that source as a mistake because you have believed that you can’t be wrong so you start to criticize the source and people don’t like this type of person they start ma...
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How to make customers Loyal?

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 Loyal customers vs. Satisfy Customers:  Loyalty is the bond between you/business and your customers. So the question is how to make customers loyal. When he is satisfied with your product or service? my answer is no because loyalty can’t be measured by satisfaction. satisfaction is just a rating scale suppose today your product or service meets customer satisfaction if your competitor meets customer satisfaction then he can move to your competitor I think you wouldn’t call this loyalty. Loyalty is an emotion that can be built strategically. A loyal customer can spread your product Word of mouth Marketing. A loyal customer is not only your customer they became your advertiser they work as a non paid worker you don’t pay them to promote your product or service but yet they to market your brand by Word of Mouth Marketing. If you don’t have a repeat buyer or loyal customer you have to pay more than 7 times to acquire a new customer. Harvard business school says if you can retain ...
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