________ is known as the merging of consumers, products, prices, and retailers.
A) Retail conglomeration
B) Consumer convergence
C) Price merging
D) Retail convergence
E) Retail clustering

Question

Quizplus · Accepted Answer

Retail convergence is the merging of consumers, products, prices, and retailers. The term refers to the way in which traditional retail distinctions are becoming blurred, as consumers use multiple channels to shop and retailers expand their offerings to encompass a wider range of products and services. Retail convergence is therefore a key trend in the retail industry, as retailers seek to adapt to changing consumer behavior and stay competitive in an increasingly crowded market.

________ Is Known as the Merging of Consumers, Products, Prices