Author Question: List and discuss several factors that are expected to change the face of retailing during the next ... (Read 49 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
List and discuss several factors that are expected to change the face of retailing during the next decade.

Question 2

Sylvan Learning, The UPS Store, AAMCO Transmissions, H&R Block, and Lawn Doctor are examples of what kind of vertical marketing channel?
 a. Wholesaler-sponsored voluntary group
  b. Contractual channel system
  c. Administered system
  d. Retailer-owned cooperative
  e. Conventional marketing system



fur

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

E-Tailing: E-tailing enables consumers to shop when they like and from where they like. It provides access to vast amounts of information. Retailers must keep experimenting with various strategies, both in-store and online.

Price Competition: Cut unnecessary costs; focus on the consumer's bottom line; boost store traffic by getting shoppers to come in for super-low prices on key products; use loss leaders to generate traffic and increase inside-of-the-store-sales.

Demographic Shifts: Successful retailers must become more service oriented, offer better value in price and quality, as well as more convenient store hours. They must include more effective and useful in-store signage, and must be better attuned to their customers' needs. With population growth slowing, profit growth must come by either increasing same-store sales at the expense of the competition's market share or reducing expenses without reducing services to the point of losing customers. In today's economy and the economy of the future, the market will clearly be driven by the consumer.

Store Size: Retailers have found out that some consumers prefer smaller stores, since these stores provide the convenience of being able to get in and out more quickly. Scrambled merchandising will help retailers increase profits by carrying additional merchandise or services, with higher profit margins, that will also increase store traffic. Retailers can expand their scrambled merchandising policies. It is expected that the trend of making fewer shopping trips per week will continue for the foreseeable future regardless of economic conditions.

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

For a complete list of videos, visit our video library