To understand how they serve both suppliers and customers, retailers are typically classified according to:
A) size and location.
B) location and design.
C) dollar value of sales.
D) location, design, and layout.
E) form of ownership and marketing strategies.

Question

Quizplus · Accepted Answer

Retailers are often classified based on their form of ownership (e.g., independent, chain, or franchise) and their marketing strategies (e.g., product assortment, pricing policies, promotional tactics), as these factors significantly influence how they serve both suppliers and customers.

To Understand How They Serve Both Suppliers and Customers, Retailers