Retail life cycle refers to
A)the distinct stages a product goes through before it becomes obsolete.
B)the process of growth and decline that retail outlets, like products, experience.
C)the cycle of a customer's buying behavior from awareness of a product to its ultimate purchase.
D)the relationship between the tangible aspects of a product and the types of services that need to accompany it.
E)the traditional management changes that take place as a retail outlet grows.

Question

Quizplus · Accepted Answer

Retail life cycle refers to the process of growth and decline that retail outlets, like products, experience. It includes stages such as introductory, growth, maturity, decline, and eventually, closure or reinvention.

Retail Life Cycle Refers to