You are a highly-respected, retail executive with a Fortune 500 company, and you have been asked to speak at the upcoming annual meeting of the Professionals in Retail Association. You have been asked to talk about changes taking place in retail and the keys to success in this new retailing environment. Which of the following statements about retail would you want to incorporate into your speech?
A) Retailers are no longer the critical link between producers and ultimate consumers because they no longer provide the environment for exchanges to occur between these parties.
B) The key to success is to have a strong customer focus and provide good service, product quality, and innovation for your customers.
C) New store formats have not been significantly impacted by technology.
D) Retailers are finding that it is more profitable to limit their target markets to domestic markets primarily instead of pursuing global opportunities.
E) Traditional retailing has only been marginally impacted by the Internet.
Correct Answer:
Verified
Q214: You are part of an investment group
Q215: Agents and brokers perform more functions than
Q216: General-merchandise wholesalers are full-service merchant wholesalers who
Q217: Merchant wholesalers assume risks of ownership.
Q218: Cash-and-carry wholesalers draw most of their customers
Q220: Sales offices differ from sales branches in
Q221: All of the following are differences between
Q222: Extreme-value stores are a fraction of the
Q223: Your firm is a full-service, specialty-line wholesaler
Q224: Hutton Industries wants to hire an intermediary
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents