Retail Math Examples
Calculating Everything You Need
Measuring Success of Strategic Decisions
Measuring success is very important so retailers can determine whether their strategies are effective and small business owners can monitor and analyze spending and profit. Management must also be able to determine what strategic changes are needed for approval.
Maintaining a certain markup percentage shows how effectively buyers meet the firm standards, how fast they grow, or if they will be able to keep their jobs. Therefore, being able to calculate it is very important.