What is retailing - Study guides, Class notes & Summaries

NRF Customer Sales & Service Exam Review with Correct Answers Retailing is comprised of all of the business activities that add value to the products and services customers buy. This includes: 1) merchandise assortment 2) packaging 3) customer service 4) All of the above - Answer ️️ -All of the above List the elements of the distribution channel in the correct order: Men Want Real Chics - Answer ️️ -Manufacturer, Wholesaler, Retailer, and Customer Ashley Furniture is an example...

All of the following were traditional sources of competitive advantage EXCEPT: a. labor costs. b. access to financial resources. c. protected markets. d. a highly educated labor market. - d Customer loyalty programs such as airline frequent flyer miles are an attempt to: a. decrease competitors' access to distribution channels. b. develop a cost advantage independent of scale. c. increase customers' switching costs. d. overcome the perishability of the hotel "product." - c. in...

International Business : = Business that is carried out across national borders - includes trade and foreign manufacturing, service industry like transportation/ tourism/advertising, and retailing Foreign Business : denotes the operations of a company outside its home or domestic market (interchangeable with international business) international company : A company with operations in multiple nations T/F: No domestic firm is entirely free from foreign or international environmental fo...

SCH4801 Assignment 3 Semester 2 2024. QUESTION 1 [9 marks] Answer the following questions after considering the answers regarding the South African public sector supply chain challenges provided by the AI tool and the prescribed book: 9 1.1 According to the prescribed book, indicate any two challenges correctly identified by the AI tool regarding South African public supply chain management challenges. Find another source for each of the two correctly identified Public SCM challenges by the A...

Why Study Operations Management? correct answers -Improves Business education -systemaitc approach to processes -many career opportunities -cross functional of applications What is the big question of Ops? correct answers How? How are we going to complete project X? Types of Ops management (2) and description correct answers -Strategic Decisions- long term; involving ACQUISITION OF NEW RESOURCES; EX: merger, building -Tactical Decisions- medium term; UTILIZATION OF EXISTING RESOURC...

Inside LVMH Exam with Verified Solutions 2024/2025 Update 100% Solved Which of these Maisons is the oldest? CHAUMET What are the key drivers for Selective Retailing Maisons? - Constant innovation - Personalization of relationships - Transforming shopping in a unique experience Which Fashion House within the Group was founded in 1846? Loewe How many stores does LVMH manage? More than 6,000 stores LVMH Operating Model has six pillars. Which one is not correct? Centralized Organization Ho...

NRF Retail Industry Fundamentals Exam 2024 with 100%Verified Answers. A retail business, owned by shareholders and have centralized decision making for their multiple store locations is called corporation In the retail product cycle, what step comes after distribution and products? selling What item is a retail product car tire A large facility that manufacturers sent large quantities of product to then distributed to stores is called distribution center The period key term in retail for ...

International Business : = Business that is carried out across national borders - includes trade and foreign manufacturing, service industry like transportation/ tourism/advertising, and retailing Foreign Business : denotes the operations of a company outside its home or domestic market (interchangeable with international business) international company : A company with operations in multiple nations T/F: No domestic firm is entirely free from foreign or international environmental fo...

INSIDE LVMH EXAM QUESTIONS AND ANSWERS 100% CORRECTINSIDE LVMH EXAM QUESTIONS AND ANSWERS 100% CORRECTINSIDE LVMH EXAM QUESTIONS AND ANSWERS 100% CORRECT Which of these Maisons is the oldest? - ANSWER-CHAUMET What is not a key driver for Selective Retailing Maisons? - ANSWER-Standard product selection Which Fashion House within the Group was founded in 1846? - ANSWER-Loewe

NRF Retail Industry Fundamentals Exam Questions and Answers (2024/2025) Already Passed. A retail business, owned by shareholders and have centralized decision making for their multiple store locations is called corporation In the retail product cycle, what step comes after distribution and products? selling What item is a retail product car tire A large facility that manufacturers sent large quantities of product to then distributed to stores is called distribution center The period key te...