Question

D Question 16 4 pts To implement a retail strategy, a retailer must develop needs of its target market better than its competitors. that satisfies the a production orientation horizontal integration sales orientation retail mix situation analysis

Answer 1

16

Retail mix

A retailer has most control over their retail mix and is the best way to approach the retail customers and offer value

17

Extreme value retailers

This is one of the fastest growing retail segment because customers are looking for value by comparing them to online stores.

18

Strategic retail planning process

This is a set of steps for eventually developing a strategic retail plan

19

Lipstick and blush

According to studies, economic difficulty makes people to act on shopping to make themselves feel better. This is why lipsticks and blush are popularly shopped during this time.

20

Income statement

If Topy wants to know about the net sales and profit then Incomes statement provides the best answer.

21

All of the above

All the points mentioned are part of the retail mix model.