Business – 2.3 Management – Management and managers | e-Consult
2.3 Management – Management and managers (1 questions)
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Answer:
| Step | Action |
| 1 | Gather sales data and compare with previous periods and targets. |
| 2 | Analyse external factors (seasonality, competition) and internal factors (stock levels, staffing). |
| 3 | Identify specific problem areas (e.g., low footfall in certain stores). |
| 4 | Develop corrective actions (promotions, staff training, inventory adjustments). |
| 5 | Implement the actions and set a timeline for review. |
| 6 | Monitor sales after implementation and compare with targets to ensure improvement. |