Retailers reduce both initial investments and ongoing costs through ________.
A) adaptation strategies
B) a cost-containment approach
C) positioned retailing
D) mass merchandising

Question

Quizplus · Accepted Answer

Retailers can reduce both initial investments and ongoing costs through a cost-containment approach, which involves finding ways to minimize expenses while still maintaining quality and effectiveness. This can include strategies such as negotiating better deals with suppliers, optimizing inventory management, streamlining operations, and implementing cost-saving measures such as energy-efficient technology or outsourcing non-core functions. Adaptation strategies, positioned retailing, and mass merchandising may also be important for retailers, but they may not directly address cost-containment concerns.

Retailers Reduce Both Initial Investments and Ongoing Costs Through ________