Which of the following is a difference between off-price retailers and specialty shops?
A)Off-price retailers replenish inventory items that are sold,while specialty shops never replenish inventory items that are sold.
B)Off-price retailers employ a hybrid retail operating model,while specialty shops employ a mass merchandising retail operating model.
C)Off-price retailers focus on lean inventory management,while specialty shops are supported by an agile approach to inventory.
D)Off-price retailers adopt a high-service approach,while specialty shops de-emphasize customer service and product selection.

Question

Quizplus · Accepted Answer

Off-price retailers focus on lean inventory management, which means they maintain a minimal inventory, sell at lower prices, and quickly rotate stock to encourage customers to buy. In contrast, specialty shops are supported by an agile approach to inventory, which means they have a high inventory turnover rate, offer unique products, and adapt their offerings to changing customer needs, which requires more dynamic inventory management practices. Therefore, C is the correct answer.

Which of the Following Is a Difference Between Off-Price Retailers