Retail audits are often customized to the specific characteristics of the company and the products the business sells. That is why there can be as many types of retail audits as there are businesses. The purpose, however, is the same for all: Evaluate how the company is performing against overall goals and objectives to determine whether the business is compliant with defined operating standards.
1. Review course content and conduct additional outside research on auditing procedures and the retail audit in order to answer them.
-Identify and explain the difference(s) between horizontal and vertical audits.
-Explain the ways that customers and stakeholders might benefit from the changes that result from conducting an audit.
-Why are physical audits necessary?
-Who should managers involve when creating an audit?
2. Format this paper using APA style and use APA-formatted citations on your reference page.
3. Use at least three outside research sources to support your work for this assignment.
