A "good" retail strategy planner knows that:

Question

Quizplus · Accepted Answer

While it's important for a retailer to appeal to a broad range of consumers, it's unlikely that a strategy will appeal to everyone. It's better to focus on a target market and cater specifically to their needs. The failure rate among beginning retailers is indeed high, as starting a retail business is difficult and requires a lot of investment and effort. While emotional needs are important in choosing a retailer, economic needs also play a significant role. Therefore, option B is the only true statement.

A "Good" Retail Strategy Planner Knows That