Only large firms can successfully adjust their retail strategies in response to consumer preferences.

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Small and medium-sized firms can also successfully adjust their retail strategies in response to consumer preferences. They can gather data and insights on consumer habits and preferences through surveys, social media, and other means, and use that information to make informed decisions about their product offerings, pricing, and marketing strategies. Additionally, small and medium-sized firms often have the advantage of agility and flexibility in implementing changes to their retail strategies compared to larger firms.

Only Large Firms Can Successfully Adjust Their Retail Strategies in Response