Question

Bill and Josh are considering opening a retail store. They have identified their target market and location and are finalizing the details of the merchandise they will carry. Since the neighborhood is rundown and the customers i

Answer 1

Answer:

Explanation:

Bill and Josh are considering opening a retail store. They have identified their target market and location and are finalizing the details of the merchandise they will carry. Since the neighborhood is rundown and the customers in the area are very price-conscious, Bill and Josh want to offer goods from well-known brands, but at lower rates than the full retail prices of the products. They choose to stock excess production from manufacturers or goods that have remained unsold at other retailers. This is a description of a(n) ________ retailer.

A) off-price

B) specialty

C) discount

D) department

E) catalog

Off-price retailers find cheap prices of high quality goods to sell. They usually sell off-the-season items. These retailers offer different of brand name at low prices. The retailers focus mainly on manufacturer's irregulars, seconds, closeouts, canceled orders, overruns, goods returned by other retailers and end-of-season closeout merchandise

Answer 2

Answer:

Off price Retailers

Explanation:

Off price Retailers are those who offer good quality branded product in cheap rates.  Similarly Bill and josh who want to open retail store with branded products but with low prices means they want to open Off price Retailers.  Off price retailers mostly buy large numbers of branded product directly from manufactures. Off price Retailers may offer off-season and second hand products in cheap rates.