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Clothing store compensation decisions

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Case Study: Clothing Store Compensation Decisions: low-cost provider of quality suits

  1.  Imagine that you own a small clothing store specializing in men's suits. Your business strategy is to be a . You have a staff of five people, all of whom receive an annual salary:
  • One buyer responsible for choosing and acquiring the store's merchandise
  • Two salespeople (salary only, no commission)
  • One cashier
  • One store manager
  1. How would you allocate your $200,000 salary budget across these four positions to best align your pay structure with your business strategy? List the positions with a salary for each. Explain your decisions in a short essay.
  2. Now imagine that you own a small clothing store specializing in men's suits, but your business strategy is to provide high-quality customer service. You have the same staff of five people as above. How would you allocate your $200,000 salary budget across these four positions to best align your pay structure with your business strategy? Explain your decisions in a short essay.

Reference no: EM133005534

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