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How is merchandising relevant to an entrepreneur? In order to answer this I need to first define what is an entrepreneur. By definition an entrepreneur is someone who solves a problem or provide a solution for a profit. The key word here is profit. Based on numerous research for an entrepreneur there are only 3 ways that you can increase your profit. You can argue all you want but there are only 3 ways you can do it. The 3 ways are: 1. Increase the number of clients that the entrepreneur has. 2. Increase the frequency that the clients spend with the entrepreneur. 3. Increase the amount that the clients spend with the entrepreneur. If you look at the 3 ways listed above hence merchandising is definitely relevant to an entrepreneur. Through the proper and right merchandising campaign, an entrepreneur can effectively promote it's brand and increase it's number of clients resulting in more profit. A wide range of merchandise can be used to encourage higher frequency of purchase from the same clients resulting also in more profits. And finally merchandise is a fantastic way for you to do up selling, cross selling and back end selling so that the entrepreneur can increase the amount a client will spend. This will definitely help to boost profit. One of the best example would have to be McDonalds with their Happy Meals. They really milk is such that they produce merchandise with every possible hit movies or cartoons. In short, YES! Merchandising is very much relevant to an entrepreneur.
The price of your product and easy steps for taking action
To compare different ways of selling things to people APEX ;D
A fashion retailer sell the product. They help the customers make there choice. They create layouts. They make the clothing look its best.
1. need recognition 2. Awareness of the solution 3. Acceptance that it is the best solution or the best choice :understanding of the features , advantages and benefits of one choice over another. 4. Social or pschological influences such as brand recognition or identification
What ever color suits your fancy. It's a personal choice.
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The entrepreneur hopes to earn a profit.
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In order to find entrepreneur training classes, the best sites are http://www.educationcenteronline.org/Business-Degrees/Entrepreneur-Training.html and http://www.upcomingentrepreneurs.com/.
Rex!!
Diburhai ambani.
businessman or businesswoman
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Don't say anything fancy, just tell him right out. He may get confused if the word choice is really complicated.