Glossary
Plagiarism- Passing off someone else's work as your own.
Macromms- Marketing and PR
U.S.P- Unique selling point
Symbiotic relationship- Need eachother for support and improve.
H.R. Human Resources- Looking after staff e.g. Benefits
Retailing- Selling goods to customers to earn profits.
Multi channeling retailing- Being able to access the shop online
Click and collect- Collect item bought online from e.g. Post office, nearest branch.
Turnover- Money made from sales.
Gross value added- What does fashion retail add to the GDP.
Vendor- Someone who sells goods to customers/ potential customers.
Flexibility- Being able to work around, to different dates and times. Being able to adapt.
Duty- Responsibility or obligation
Componenets- A part that combines with other parts to form something bigger.
Strategy- A detailed plan for achieving success in business/anything.
Communication- The way a message is delivered.
Reliability- Being able to trust someone- being constant.
Ability- Whether someone is capable to perform a task.
PESTLE- Things that happen which are out of our control.
P- Political
E- Economical
S- Social
T- Technological
L- Legal
E- Environmental