Profitable retailers must be able to differentiate themselves by meeting the needs of their customers better than the competition.

Question

Quizplus · Accepted Answer

Meeting the needs of customers better than the competition is a key factor in being successful and profitable as a retailer. This differentiation can come in the form of product selection, pricing, customer service, or other factors that make the retailer stand out in the eyes of the consumer.

Profitable Retailers Must Be Able to Differentiate Themselves by Meeting