RISK ASSESSMENT:
2. Risk Analysis:
Risk | Cause | Problem solving method |
Sales not up to the expectation | -Lack of promotion -Price of items sold are high compared o other shops | -Maintain a lower price for the beginning and gradually increase the price -More promotions eg.giving out vouchers for min S$ 50 spent in the store / have lucky draw contest every month to attract more customers -Have special discount during festive season |
Theft in the premise | -Lack of security e.g. no CCTV cameras or alarm system | -Install CCTV camera & alarm system to monitor the premise. Cost involvment $20,000 (apporox). |
No comments:
Post a Comment