a) Mention a retail business that you want to start. b) Where do you want to start? c) Who are your target customers? d) Mention a suitable type of retailer you prefer for your retail business
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- Assume you are considering opening a retail business. You are trying to decide whether to have a traditional “brick-and-mortar” store or to sell only online. Explain how the activities and costs differ between these two retail arrangements.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?I need help with these two questions In the general merchandise retailing category, off-price retailers A.sell high volumes of merchandise, offer limited service, and charge lower prices B.offer a wide variety of merchandise and limited depth C.sell brand-name and designer merchandise below regular retail D.sell primarily food products The three main retail formats include all of the following except A.general merchandise retailing B.food retailing C.discount retailing D.non-store retailing
- 4- During-sale and after-sale services are an inevitable part of modern retailing and play a vital role in achieving ________ a. Customer orientation b. Customer segmentation c. Customer satisfaction d. Target marketWhat are the considerations when expanding a retail business into new markets or locations?14- Big stores that offer a narrow but deep assortment of merchandise, which is self-service is called as ________________. a. Category specialists b. Specialty stores c. Full line discount stores d. Extreme value retailers.
- Briefly describe your clothing retailer and include the type of products to be sold and who you envisage your customer to beChoose a product category that both you and your parents purchase (e.g. business, clothing, casual clothing, music, electronic equipment, shampoo). In which type of store do you typically purchase this merchandise? What about your parents? Explain why there is, or is not, a difference in your store choices.what is the importance of customer service in a retail business
- Retailers are said to be beneficial to the consumer as they are able to add value to them.Think about ONE retail outlet that you visit regularly. Discuss the reason for visiting the retail outlet so regularly by describing how does the retail outlet adds value to you (50-70 words)How does a traditional specialty store attract customers?what is your favorite retailer? why do you like this retailer?