A <u>retail strategy</u><u> i</u>dentifies the target market, the merchandise and services (retail format) that will be offered, and how the company will achieve a long-term advantage over its competitors.
A retail strategy is a technique you operate to increase your products or services and promote them to customers. There are a couple of elements to this plan, consisting of the region, shop, products/assortment, visual merchandising, a team of workers, carrier, mass media and communications, and fee.
Normally while we go to a retail store, just earlier than the billing counter, we see merchandise like gums, sweets, and different products with smaller SKUs that may simply be picked whilst the consumer is ready on the billing counter.
The retail strategy is a part of a strategic advertising and marketing plan that attracts or reaches consumers at once. It consists of product pricing/reductions, fee structure, promotional schemes, product overall performance demonstration, and fee structure for shops.
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The given are the following: Replacement = 3% or -1.88 from z-tables; Average Life = 10 years Standard Deviation = 2 years.
Solution
Find how long a guarantee should be offered
10 years - 2 years * 1.88 = 6.24 years or 75 months
Options:
a. have no effect on; increase; decrease; negative
b. increase; increase; decrease; negative
c. increase; increase; increase; positive
d. increase; increase; decrease; uncertain
e. decrease; increase; decrease; negative
Answer:
Option D is the correct answer.
An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own. This can be expected to <u>increase</u> investment spending by the firms. At the same time we can expect the unemployment rate to <u>increase</u> and consumption spending to <u>decrease</u>. Overall the effect on gross domestic product (GDP) is <u>uncertain.</u>
Explanation:
Since, Firm choose to build venture by introducing tablets and PCs and hope to accomplish benefit level. And yet joblessness can be relied upon to increment and subsequently utilization spending will diminish. Thus, the general impact GDP is dubious in light of the fact that an underlying increment in venture increment the monetary development level by increment in work rate. On the off chance that business rate increment, at that point consequently utilization spending increment. And yet it was relied upon to expand joblessness rate which decline the utilization spending. Thus, all things considered GDP may increase or diminish . Consequently GDP is dubious.
According to the eclectic paradigm location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
