Final answer:
In a store-management role, you would be responsible for personnel management, using quantitative tools like merchandise budgets, selecting merchandise, choosing vendors and negotiating terms, and developing buying plans, often requiring travel.
Step-by-step explanation:
If you choose the store-management path, several statements would be true about your responsibilities. Firstly, selecting, training, evaluation, and all other aspects of personnel management would be your responsibility. This involves using processes like personnel selection and ensuring the right fit for the company's culture and skill requirements. Training might be necessary if the candidate lacks certain skills but matches the company in terms of personality, as skills can be taught while personality often cannot.
Secondly, you would need to employ quantitative tools such as the merchandise budget to perform your duties effectively. This involves planning and managing the finances related to inventory and sales targets. Thirdly, as part of store management, you might have a say in merchandise selection, considering what products will attract customers and meet sales goals.
The fourth point to consider is vendor selection and negotiation. You must select the right vendors and negotiate terms that are favorable to your store, such as payment terms, delivery schedules, and pricing. Finally, while store managers may work out of the retailer's main office, there is significant time spent traveling to understand market trends and develop appropriate buying plans. This could involve visiting vendors or other stores to gather insights on merchandise lines.