Which of the Following Best Describes What Retailing Involves

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The term retail refers to the sale of goods and services to the public for consumption. The retailing concept covers four broad areas and is an essential part of the retailing strategy.

Solved Which Of The Following Statements Best Describes Chegg Com

Benetton a popular retail chain from Italy manufactures many of the sweaters it sells.

. Publicity is less effective than other forms of promotion. Retailers concentrate on providing more value to their best customers using targeted promotions. Investing and trading professionals use economic indicators to give investment trading and analysis information to investors traders and financial analysts who can use this information to help them uncover fresh investment opportunities and make.

Involves developing close relationships with buyers to determine if the market is showing signs of increasing price sensitivity. Which of the following statements best describes what exporting is. Weekly Challenge 1 Foundations of Project Management 1Which of the following are benefits of an internship.

Retailing involves all activities required to market consumer goods and services to consumers who are purchasing for individual or family needs through a point of purchase. Which of the following best describes retailing. The single point of purchase could be a brick-and-mortar retail store an internet shopping website or a catalog.

1 point Boost your resume Network with people in your desired industry Get short-term hands on industry experience Get a guaranteed permanent position 1As someone seeking. Retailing is all about attracting consumers through product displays and marketing. Publicity is less directed than other forms of promotion.

I Customer Orientation The retailer makes a careful study of the needs of the customer and attempts to satisfy those needs. A Competition becomes fierce and you are forced to try to attract customers away from your competition in order to survive. All of these statements describe customer relationship management.

5All of the following can help break a monopoly EXCEPT AThe only buyer of a resource or type of labor BThe only seller of a difficult-to-substitute product CThe only buyer of a consumer product DThe only seller of a non-essential product 6Which of the following best describes a successful monopolist. Industry groups lobby law-makers to pass legislation favorable to their members. It tries to communicate with many customers at the same time.

11 In this situation the manager has set a price that is higher than the target market is willing to pay. A Successful exporting inevitably involves ownership of a subsidiary in the target market. Select all that apply.

B It involves setting a high price for a new product to appeal to the elite in society. Loyal customers share a personal bond with retailers. Ii Goal Orientation The retailer has clear cut goals and devises strategies to achieve those goals.

Definition E Different marketing activities are headed by specialists such as a sales manager an advertising manager a marketing research manager or a. 54 Which of the following best describes the functional organizational format of marketing departments. It costs less than advertising for reaching a large widespread market.

Generally macroeconomic indicators have typically provided insight into an economys current condition. 005 out of 005 points Selected Answer. Rent seeking Not rent seeking Retail stores rely heavily on imported items in order to keep prices low for consumers.

B Exporting is where a company buys its physical products that are manufactured inside the target country to. C You have to increase your prices to. Which of the following best describes the retailers actions.

Getting the lead out Buyers divisional merchandise managers and general merchandise managers are some of those who undertake the responsibilities of merchandise management. Ldentify which of the following statements describe rent seeking and which do not. It involves direct spoken communication between sellers and potential customers.

Which of the following terms best describes a large low-cost low-margin high-volume self-service store that carries a wide variety of grocery and household products. Question 9 Which of the following describes BEST what distinguishes publicity among all other forms of promotion. Is a technique to evaluate whether a capability or resource is valuable rare inimitable or nonsubstitutable.

Typically involves the use of activity-based cost accounting by the companys key retail customers. Publicity is cheaper than other forms of promotion. Retail involves the sale of merchandise from a single point of purchase directly to a customer who intends to use that product.

Which of the following best describes the nature of personal selling. The retail industry covers an enormous range of consumer needs. E It results in the company making fewer and less profitable sales.

10 Which of the following best describes setting a price at the level determined to represent the customers perceived value for your product. It is the set of business activities that adds value to the products and services sold to consumers for their personal use. D It is best used in conjunction with a market-skimming pricing strategy.

B There is little or no competition and you are forced to try to attract customers away from your competition in order to survive. C It results in drawing in large numbers of buyers quickly winning a large market share. Which of the following best describes what happens as an industry matures.

Question 1