Assessor Resource
SIRXSLS405
Coordinate a retail operation during economic downturns
Assessment tool
Version 1.0
Issue Date: April 2024
This unit applies to area, store and department managers and team leaders responsible for anticipating and preparing for economic adversity and implementing strategies to sustain the retail business through difficult periods. It is important that the manager informs and motivates the staff team and that the team works together to minimise the adverse effects of economic downturns.
This unit describes the performance outcomes, skills and knowledge required to monitor economic trends, assess their potential impact on business, and identify and implement sales and cost-reduction strategies to minimise adverse effects. It also covers collaborating with and supporting staff to maintain a positive workplace culture and promote sales.
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