Name and describe the three types of off-price retailers.How do off-price retailers differ from discount stores?

Q: Expla in changes in retailing with the wheel of retailing and the retail life-cycle concepts .

A: Wheel of retailing is a theory that shows how a retailer changes in operations with time to cater to…

Q: Market share is usually fought out before the s tage of the retail life cycle.

A: A series of activities or steps used to offer a product or service to consumers for personal or…

Q: Discuss the four characteristics by which retail stores are classified.

A: Four characteristics by which retail stores are classified are as follows :- 1. According to its…

Q: . Define automatic merchandising, and explain its role in U.S.retailing today and in the future.

A: Marketing is an activity which the firm takes up to make customers. For this marketing strategies…

Q: Discuss pure play stores as opposed to click-and-mortar stores.

A: A business model can be defined as the plan drafted by the company to make profits. Business models…

Q: Define omni-channel. How is it different from a typical retail channel?

A: Omni-channel: Omni-channel is a sales strategy that provides consumers with a seamless shopping…

Q: Describe the various classification systems for retail establishments.

A: Under the traditional markets, there was no marketing done. There were only two parties in selling…

Q: How are Fixed Cost, Variable Cost and Mixed Cost used in the retail industry? 

A: Transaction of goods or services by a business to a consumer for personal consumption is known as…

Q: In what ways are traditional specialty stores and offprice retailers similar? How do they differ?

A: Off price retailers-The goods which are provided to the consumer at the cheapest possible price and…

Q: Explain what a wholesaler does. How does this benefit the retailer? How does this benefit the…

A: Wholesaler is the part of the supply chain in a business who purchases in bulk from the…

Q: Explain the concept of "atmospherics" in the field of retailing. Do you believe it has been valid in…

A: Atmospherics Atmospheres are the controlled aspects of retail space that entice customers to visit…

Q: Explain the concepts of retail convergence andscrambled merchandising.

A: The sale of items directly to a customer who wants to utilize it from a single point of purchase is…

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: When does increased value added have an effect on a retailer's competitive position?

A: Competitive position: A competitive position is a value proposed by a trademark, product, or service…

Q: three (3) major differences between the physical store and non-store retailing.

A: DIFFERENCES: 1. Store retailing indicates that sales take place in a sho or alike establishment.…

Q: list five elements that are not within a retailers control

A: RETAILER: A retailer is a person who acts as an intermediary and is responsible for selling the…

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: question with regard to customers which aspects do retailers need to consider when developing a…

A: Concept Introduction : The final middleman in the chain of goods delivery to customers is a…

Q: List several ways to classify retailers byproduct line.

A: Product Line- A group of related goods or products all marketed under a single brand name that is…

Q: Identify the two top functions clothing retailer will perform in the market channel.

A: Marketing functions in the retail sector are defined as a set of various activities performed by…

Q: Name the Major store retailer types?

A: A retail store is a business activity whose primary source of selling comes from retailing.…

Q: In the general merchandise retailing category, off-price retailers

A: Correct option for the first question is option A.  In the general merchandise retailing category,…

Q: What is a wholesaler? How does it differ froma wholesaling intermediary?

A: A seller can be described as a mediator who buys goods at a high price and then sells them to the…

Q: Choose three different online retailers and highlight two examples of differentiation in each.

A: Online retailers refer to a type of electronic commerce in which consumers can buy goods or services…

Q: what are some Intratype retail competition for stationary store?

A: Competition means a rivalry among firms. In a competitive environment, every business organization…

Q: Compare and contrast the Product Life Cycle with the Wheel of Retail hypothesis. Describe how we…

A: The wheel of retailing is a marketing phenomenon that primarily takes place in the retail industry.…