How can a retail store be classified?
A) according to its distribution method
B) according to its decor and atmosphere
C) according to its inventory control
D) according to its product assortment

Question

Quizplus · Accepted Answer

Classification of a retail store according to its product assortment is the most common and efficient way of categorizing it. This is because the product range and variety is the primary aspect that differentiates one retail store from another. The types of products sold, the brands and the price range can help classify the retail stores into fashion stores, grocery stores, electronics stores, specialty stores, etc. While distribution method, decor and atmosphere, and inventory control can be important factors, they do not provide a comprehensive categorization on their own.

How Can a Retail Store Be Classified