You were recently hired as the manager of a chain of jewelry stores that are located in downtown Chicago. You are excited about the high level of autonomy that you have been given lu run the stores but are nervous because you've heard rumors that the previous manager was let go because the return on investment (ROI) of the stores was unacceptable. What steps should you consider to improve ROI?

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23-08-2022
Business

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You were recently hired as the manager of a chain of jewelry stores that are located in downtown Chicago. You are excited about the high level of autonomy that you have been given lu run the stores but are nervous because you've heard rumors that the previous manager was let go because the return on investment (ROI) of the stores was unacceptable. What steps should you consider to improve ROI?

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Asmasaadatkhan Asmasaadatkhan · Answer 1 · 2022-08-26T14:00:47+02:00

The manager of a chain of jewelry stores that are located in downtown Chicago should increase sales and income or raise prices are two strategies for boosting return on investments.

The net profit (or loss) from an investment is divided by the cost of the investment to calculate the return on investment. You can compare the efficiency or profitability of different investment options since it is expressed as a percentage.

High market share results in economies of scale, market strength, and greater access to talent and management of high caliber. This can boost your ROI since high-performing managers are frequently effective in capturing sizable marketplaces.

Your return will be increased if you can raise sales and revenues while maintaining current expenses, or if you can raise costs while maintaining current net profits.

To learn more about Return on Investment

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