A systematic procedure for analyzing the performance of a retailer is _____.
A)tactical performance evaluation
B)a retail audit
C)feedback
D)strategy evaluation

Question

Quizplus · Accepted Answer

A retail audit is a systematic procedure for analyzing the performance of a retailer. It involves gathering data on various aspects of the business such as sales, inventory levels, customer demographics, and competition. This data is then analyzed to identify areas of strength and weakness and to develop strategies for improvement. Tactical performance evaluation, strategy evaluation, and feedback are all important components of a retail audit but do not fully encompass the systematic procedure for analyzing performance.

A Systematic Procedure for Analyzing the Performance of a Retailer