List the social trends that retail managers should regularly monitor and describe their impact on retailing

Q: How do retailers adapt to seasonal fluctuations and changing consumer trends?

A: Retailing is the distribution process that includes all of the steps necessary to sell products…

Q: How can technology help brick-and-mortar retailers compete against e-tailers?

A: In today's digital age, brick-and-mortar retailers face increasing competition from e-tailers…

Q: What services will non-store retailers provide to their clients that in-store retailers cannot?

A: Retailers are the major participants of the supply chain, are the lowest or lower level of the…

Q: Describe the role of market research and consumer insights in making informed retail management…

A: Market research is the process of determining whether a new service or product is viable through…

Q: What are the key considerations for developing a successful e-commerce business model, and how do…

A: Developing a successful e-commerce business model involves several key considerations, some of which…

Q: Two measures of the impact of retailing in the global economy are and .

A: Distribution channel is where the customer receives the product from the company. The intermediaries…

Q: What can nonstore retailers offer their customers that instore retailers cannot?

A: Non-store retailers are those retailers that sell their products or services outside a retail store,…

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…