Actions taken by a retail business to respond to unexpected events affecting operations, such as natural disasters or security threats.
A detailed analysis of market trends and customer demands.
A routine evaluation of product pricing and inventory levels.
A special promotional event to increase sales.
To increase annual revenue and customer engagement.
It helps ensure the safety of employees and customers and minimizes business disruptions.
To enhance brand visibility in the market.
To maximize customer footfall during holiday seasons.
Daily sales reports and analysis.
Annual marketing strategy development.
Risk assessment and identification of potential threats.
Regular customer satisfaction surveys.
Effective communication ensures all stakeholders are informed and coordinated during emergencies.
It serves primarily as a tool for marketing and sales promotion.
It is mainly used to propagate corporate social responsibilities.
Communication is not crucial during emergency operations.
By automating daily sales transactions.
To enhance product delivery times.
Technology can provide real-time alerts, facilitate communication, and automate safety protocols.
For marketing campaign management and customer outreach.
Market expansion opportunities.
Natural disasters, fire, power outages, and security threats.
Seasonal demand shifts and sales innovations.
Competitor price matching initiatives.
Only the IT and marketing teams.
Top-performing sales personnel.
Financial advisors and tax consultants.
Store management, security personnel, local authorities, and emergency services.
Running a promotional discount event.
Organizing a weekly inventory assessment.
Conducting a fire evacuation drill to ensure staff knows the exits and procedures.
Launching a new product in the market.
By having robust data protection and backup systems in place.
By issuing manual receipts during operations.
By limiting customer database access to sales staff only.
By periodically deleting customer data post-transaction.
A strategy that ensures a company can continue operating during and after an emergency.
A quarterly review procedure for inventory management.
An annual performance evaluation of staff.
A financial document regulating budget allocation.
By periodically reviewing and updating their emergency operations plan.
By increasing the advertising budget during emergency times.
By analyzing last quarter's sales reports for trends.
By conducting customer focus group sessions.
Report it immediately to store management and security personnel.
Ignore it and continue their tasks.
Discuss it with fellow employees only.
Post it on social media.
It is only important during holiday seasons.
It is not relevant during emergencies.
It is crucial to protect and track inventory to prevent losses and ensure supply chain continuity.
It is a low-priority aspect of emergency operations.
By investing in new product lines.
By opening new stores in nearby areas.
By providing essential supplies or services to affected areas.
By hiring local influencers for promotions.
A method to analyze market competition.
The steps a business takes to resume normal operations after an emergency has passed.
A plan to optimize social media presence.
A strategy to increase annual profitability.