Q: What are some examples of self-service retailers?
A: A retailer is an individual that sells the products to the customers in comparatively lower…
Q: Discuss which factors would a retail companies consider when assessing the suitability of its…
A: Digitalization has become ingrained in the fabric of modern commercial processes. Today, every firm,…
Q: Describe how does (retail tangible goods) work ??
A: A tangible product is an actual article that can be seen by contact, for example, a structure,…
Q: Why it is important that a salesperson develop a good long-term relationship with its buyer rather…
A: A transactional orientation of marketing refers to a marketing approach in which the marketers are…
Q: If you were opening a retail business, would you prefer to open an independent store or own a store…
A: By connecting people, places, and things, technology is making the retail sector more inclusive.…
Q: Mall Store retailers place their most expensive products right in the entryway of the store, where…
A: The positioning of the products is a strategic tact employed by the retailer for psychological…
Q: List and understand the different types of retailer?
A: Retailing depicts the distribution procedure to sell products straight to the final consumers. The…
Q: Identify a retailer that is currently struggling. Discuss why it is having difficulties and suggest…
A: we can say that where Sears has been struggling for a while now. We can say that where not only is…
Q: Who is a retailer?
A: Distribution is transferring of goods from the producers to the consumers. Distribution makes the…
Q: What are discount stores?
A: Retailers are smallest part of distribution channel but are close to customers than producers and…
Q: What will retailing look like in the future? What may be the most influentialchange taking place for…
A: Retail stores' core key functions are shifting. As more of the journey to buying went online,…
Q: . What are the advantages of traditional stores versusInternet-only stores?
A: Traditional stores are the stores in which the buying and selling take place by going to a store.…
Q: GIve an example for manufacturer-sponsored retailer franchise system?
A: Franchise System- They are that kind of contractual marketing system in which a channel member who…
Q: What are the components of a retail strategy?
A: Retailers set a value that conveys an incentive for the item and the total shopping experience.…
Q: What advantages can a convenience store chain, such as 7-Eleven, have over traditional sari-sari…
A: Major types of retail stores: Departmental stores-These are large retail stores with a wide variety…
Q: What advantages can a convenience store chain, such as 7-eleven, have over traditional sari-sari…
A: 7-eleven is a convenience store which is very popular in united States and has branches all most…
Q: In online retailing, how are the marketers response to the issues in developing their marketing…
A: Internet retailing uses promotion methods as the personal touch of salespeople is completely absent.…
Q: How can someone best target their distribution so sales will increase?
A: The company needs to put efficient efforts in order to increase the sales. Distribution channel and…
Q: How is door-to-door selling a form of retailing? Someconsumers believe that direct-response orders…
A: Retailing refers to selling of small lots of goods to a large number of consumers. Door-to-door…
Q: Briefly describe your clothing retailer and include the type of products to be sold and who you…
A: Clothing retailers are of different types. Clothing retailer may be fashion clothes retailer or…
Q: Explain how retailers can be classified based on the amount of service offered and give an example…
A: Retailers can be classified on the basis of amount of service which they offer. There can be three…
Q: What is meant by brick-and-mortar retailers?
A: Every company will create a distribution channel to move the goods from manufacturer to the…
Q: What are the advantages and disadvantages of shopping online?
A: Shopping online has become a trend now.People are conveniently buying everything just by a click of…
Q: How is television home shopping different from online retailing?
A: The media illustrates the communication channels. Everything that can aid to reach customers or…
Q: Distinguish between variety and assortment. Why are these important elements of retail market…
A: Variety refers to different types of product that retailers display for selling to customers.…
Q: Explain how retailers can be classified based by the amount of service offered and discuss an…
A: Retailers are people who purchase products from the manufacturers in small quantities and sell them…
Q: What types of retailers, if any, should we work with to sell our product?
A: Retailer is a person or a business who is a link between the manufacturer/ other intermediaries and…
Q: What are the major differences between discount storesand department stores?
A: Discount stores are stores that offer products at a very discount rates as compared to other…
Q: Is it more difficult to secure a job in a store-based retailer in view of the tremendous growth of…
A: When the gооds аnd serviсes аre sоld tо а соnsumer by the seller, this is knоwn аs…
Q: From a personal perspective, how does retailing rate as a potential career compared with others you…
A: The sale of products and services to the final consumer for personal, family, or home use is known…
Q: What PESTEL forces (see Chapter 8) have contributed to the transformation of the retail industry?
A: PESTEL analysis is a strategic analysis tool that helps the managers to understand the external…
Q: What are the advantages of catalog marketing?
A: Catalogue sales, also known as catalogue marketing, is a type of sales technique in which businesses…
Q: Why owners of store brands can offer lower prices?
A: A private brand is a brand created for and sold under the name of a specific merchant, competing…
Q: What are the types of ownerships used to classify retailers?
A: Selling goods and services to the customers through different channels, mediums or distribution to…
Q: How does value added affect a store’s competitive position?
A: The competitive position of a company, its products, or services on a widely understood market is…
Q: Why are manufacturers’ sales offices and branches classified as wholesalers? Which independent…
A: Manufacturer's sales offices perform the same role as merchant wholesalers. They assist…
Q: How do retailers build a strong Customer Loyalty?
A: Customer loyalty is very important for every business. Customer loyalty is the relationship between…
Q: What are the types of strategies available to a retailer for growth? Elaborate with suitable…
A: For a retailer, growth is as important as profits because a retail business without growth will soon…
what is your favorite retailer? why do you like this retailer?
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- How does a traditional specialty store attract customers?Choose a retail business that you want to start. Where do you want to start? Who are your target customers? What are the goals of your business? Choose an ownership form and the type of retailer. What value added services would you provide to your customers?Briefly describe your clothing retailer and include the type of products to be sold and who you envisage your customer to be
- What do you think the needs are for your favourite online store, both in terms of how it works and how it looks?You can purchase apparel at a discount store, specialty store, categoryspecialist, off-price retailer, department store, or Internet-only store.From which of these types of stores do you shop? Explain why youprefer one type store over another.Imagine that you designed a high-end line of clothing and accessories.Which factors should you consider when choosing retail partners? Whattype of retailer would you choose as a partner? Why?
- Pretend that you are one of the aspiring retailer how will you plan your retail store to corner the market and be the best retailing decisions any retailer made?Why are retailers in the limited-assortment supermarket and extreme-value discount store sectors growing so rapidly? From which retailers are they getting these additional sales?In a small group, present a plan for a new retail store. Who is the target market? Describe the merchandise, atmospherics, price points, services provided, location, and how you would promote your retail store. Describe how you will differentiate your store from competitors.