Functions of retailing Study guides, Study notes & Summaries

Meaning of Retailing : Retailing encompasses those business activities involved with the sale of goods and services to the final consumer for personal, family, or household use. Retailing is the final stage in a channel of distribution. Retailing functions are performed by any firm selling merchandise or providing services to the final consumer. According to Philip Kotler : “Retailing includes al the activities involved in selling goods or services to the final customers for person...

Operations Management correct answers the processes that effectively produce transform, and deliver a product or service designing, activation and improving processes *each and every business function must manage its own operations *HOW THIS GET DONE Effective OM and SCM correct answers use resources more efficiently -improve business processes effectiveness -improve relationships btw business entities -help meet strategic goals -increase customer service OM (how things get do...

BA 303 Exam 3 Questions and Answers 100% Pass Channel Systems - Correct Answer ️️ -Major decision areas for designing channel systems 1. Types of intermediaries to use 2. Number of intermediaries to be included in the channel 3. Terms and responsibilities expected of channel members Types of Intermediaries - Correct Answer ️️ -1. Retailers 2. Wholesalers/Distributors 3. Manufacturer's Sales Office and Branches Retailers - Correct Answer ️️ -Retailing includes all activities...

Possession Utility - The value of making an item easy to purchase through the provision of credit cards or financial arrangements Make the purchases easier The benefit customers get from a company's product once they have purchased Possession Utility - CarMax provides financing or leasing and taking used cars as trade ins to encourage customers to purchase from them Stores allow several payment and credit options Having airline tickets delivered by a travel agency Allowing s...

MKTG 3340 - Final Exam Questions with 100% Correct Answers | Verified | Latest Update Possession Utility The value of making an item easy to purchase through the provision of credit cards or financial arrangements Make the purchases easier The benefit customers get from a company's product once they have purchased Possession Utility CarMax provides financing or leasing and taking used cars as trade ins to encourage customers to purchase from them Stores allow several payment ...

Possession Utility - The value of making an item easy to purchase through the provision of credit cards or financial arrangements Make the purchases easier The benefit customers get from a company's product once they have purchased Possession Utility - CarMax provides financing or leasing and taking used cars as trade ins to encourage customers to purchase from them Stores allow several payment and credit options Having airline tickets delivered by a travel agency Allo...

PL Retail Business (RB301) Paper 01 RB301_01 1201 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications come from Pearson, the world’s leading learning company. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information, please call our GCE line on 0844 576 0025, our GCSE team on , or visit our qualifications website at . For information about our BTEC qualifications, plea...

Business BTEC Level 3 Unit 5 Assignment 2 - 100% Verified. Explain the external factors that influence a selected business considering trading internationally. Political Factors: One beneficial factor is being part of a trading community like the EU; however, this means there are certain rules and regulations to follow. The government will support certain industries for example, companies that deal with renewable energy and offer benefits to the country. This support is not available to all...

MKT-315 FINAL EXAMProfit Equation - correct answer Total Revenue - Total Cost Pricing Strategy: Penetration Pricing - correct answer Low price to increase sales and market share. Pricing Strategy: Skimming Pricing - correct answer Starts out with a high price and slowly lowers it to fit the market. Pricing Strategy: Competition Pricing - correct answer Setting prices nearly equal to competitors. A cable company may start out with a low price to get subscribers. Eventually, price ...

GCU MKT-315 Final Profit Equation - correct answer total revenue - total cost Pricing Strategies - correct answer skimming, penetration and loss leaders Price Skimming Strategy - correct answer The organization starts out with a high price and then slowly lowers it to capture more of the market. The objective is to skimming profits one layer at a time. Price Penetration Strategy - correct answer The organization will offer a low price to increase sales and market share. Price may b...