The wheel of retailing mentions three phases for retail life cycle. The retailer attempts to up market location, offer exotic services, and elaborate facilities in_____stage. A.Vulnerability B.Trading up C.Entry D.Maturity
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The wheel of retailing mentions three phases for retail life cycle. The retailer attempts to up market location, offer exotic services, and elaborate facilities in_____stage.
A.Vulnerability
B.Trading up
C.Entry
D.Maturity
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- Retailers are involved in designing innovative products and services. This activity of a retailer is ________________________. a. Holding inventory b. Bulk breaking c. Providing assortment d. Increasing value of products8- When the retailers provide Toll-Free Numbers and Customization, which criteria of conventional and online retailing is described? a. Suitability b. Customer management c. Reach and economy d. Delivery25- The illustration of the various phases of changes that occur in retailing is _____________ a. The face of retailing b. The product life cycle c. The wheel of retailing d. The store layout
- In a retail store, how is the store layout, design and visual merchandising techniques used to attract customers? Make recommendations Discuss the recent developments in retailin. What are the major challenges facing organised retailers? In a retail store, does the lighting highlight merchandise, structure space, capture a model, or downplay unwanted features? Comment on consistent fixture of the overall ambiance of the store?A store that sells highly-specialized merchandise, top of the line products and premium brands fall into which stage of the wheel of retailing? a. Maturity b. Vulnerability c. Trading up d. InnovationWhich one of the following is not a function of retailing? a. Sells to final consumers for business use b. Offers free delivery and exchange facilities c. Creates time and place utility d. Facilities choice of goods to customers
- Which isnt a possible benefit of good Market Basket Analysis? Guidance in where products can best be placed in a retail setting. Improved sales through product bundling. Improved data quality in database transactions. Identification of cross selling opportunities. Better ordering of stock inventory.Once the leader in discount retailing, Kmart long ago took a back seat to Walmart, Target, and others discount chains. But recent efforts to provide value to customers through innovation show that the veteran retailer may still have its edge. To gain a competitive one-up, Kmart started a unique program that combined the benefits of online and brick-and-mortar shopping. When an item that customers wanted to purchase was not in stock at one of its stores, Kmart would ship the item to the customer’s home for free. To launch this program, Kmart unveiled an ad campaign that illustrated an uncharacteristic relevance to younger, tech savvy customers. With the slight-of-mouth message that customers could “ship their pants” (or any of the other 65 million items in Kmart’s inventory) for free, the ad went viral. As a result, Kmart got its message out in spades, entertaining many while offending a few along the way. What kind of customer does the “Ship My Pants” campaign target? How is this…Once the leader in discount retailing, Kmart long ago took a back seat to Walmart, Target, and others discount chains. But recent efforts to provide value to customers through innovation show that the veteran retailer may still have its edge. To gain a competitive one-up, Kmart started a unique program that combined the benefits of online and brick-and-mortar shopping. When an item that customers wanted to purchase was not in stock at one of its stores, Kmart would ship the item to the customer’s home for free. To launch this program, Kmart unveiled an ad campaign that illustrated an uncharacteristic relevance to younger, tech-savvy customers. With the slight-of-mouth message that customers could “ship their pants” (or any of the other 65 million items in Kmart’s inventory) for free, the ad went viral. As a result, Kmart got its message out in spades, entertaining many while offending a few along the way. After viewing the video featuring Kmart, answer the following questions:…
- The atmosphere in a retail store is carefully crafted to influence shoppers. Select a retailer that has both a physical store and an online store. Describe the elements of the physical store’s atmosphere, such as the colors, lighting, music, scents, and décor. What image is the store’s atmosphere projecting? Isthat image appropriate given the merchandise assortment and target market of the store? Which elements of the physical store’s atmosphere are part of its online store atmosphere? Does the retailer integrate the physical store’s atmosphere with its online presence? Explain. (AACSB: Written and OralCommunication; Information Technology; Reflective Thinking)The positioning of the retailer at the retail stage of the retail cycle is ________________. a.concept creation B.specialty c.Special needs D. wide market The market slots that other retail traders haven't invested yet are: a.Weak points B.Threats c.strength point D. Chances 10- Which of the following is the retail function of a retailer? a.Awareness of the product manufacturer B.Sells a large amount to the consumer and consumers c.Price adjustment based on consumer demand D.Reach a small number of customersThe atmosphere in a retail store is carefully crafted to influence shoppers. Select a retailer that has both a physical store and an online store. Describe the elements of the physical store’s atmosphere, such as the colors, lighting, music, scents, and décor. What image is the store’s atmosphere projecting? Is that image appropriate given the merchandise assortment and target market of the store? Which elements of the physical store’s atmosphere are part of its online store atmosphere? Does the retailer integrate the physical store’s atmosphere with its online presence? Explain.