Which of the following has the greatest flexibility in developing and implementing a retail strategy?

Question

Quizplus · Accepted Answer

Independent retailers have the greatest flexibility in developing and implementing a retail strategy because they are not bound by the rules and regulations of a parent company or franchise agreement. They have complete control over their inventory, pricing, promotions, and store layout. This allows them to tailor their strategy according to their local market needs and customer preferences. They can respond quickly to market changes and trends, experiment with new ideas, and take calculated risks without seeking permission or approval from anyone else. In contrast, franchisees, chain store managers, and leased department operators must comply with the guidelines and directives of their franchisors or parent companies, which limits their autonomy and flexibility in decision-making.

Which of the Following Has the Greatest Flexibility in Developing