After completing your feasibility report a bout your new Business as a retail store what is...

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Finance

After completing your feasibility report a bout your newBusiness as a retail store what is your biggest THREAT and why doyou think you can overcome it? explain in detail

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Retail store is a store that sells small quantities of products or services to the customers Retailers are direct in touch with ultimate consumers In this competitive world one ignorance lead to huge losses to the company In same manner even retail store are expose to certain threats which are as follows with their solution to cope up 1COMPETITION Retail store can be started by anyonethere is minimal barriers to entry This result cut throat competitionnormal profit for long run and hinder growth of the retail storeSometime to capture market seller try to use unfair means like predatory pricingseller set price of their goods or service at such a low level that other firms can not compete and are forced to leave the market Solution i Determine competitors and periodically See Answer

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