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Briefly describe your clothing retailer and include the type of products to be sold and who you envisage your customer to be
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- Discuss how the characteristics of the retail establishment, such as location and store image, have an impact on the consumer’s perception of your product.Recognize how different Retailers determines their best customers?Miniproject 1 Select a good that you, as a consumer, would like to purchase in the next week or so. Shop for this product both online and at a physical retailer.
- Assume you are considering opening a retail business. You are trying to decide whether to have a traditional “brick-and-mortar” store or to sell only online. Explain how the activities and costs differ between these two retail arrangements.When selling to customers, is it beneficial to provide discounts for purchasing many items?What types of retailers, if any, should we work with to sell our product?
- Using examples, what pre-sale and post-sale activities are performed by the retail outlet?Please assist Based on a retail store that sells clothing for the age between 8 and 40 years .Describe your merchandise philosophy.This is your first time advertising your own ice cream flavors. How will you begin pricing your first ever ice cream flavors against other competitors? Describe what type of retailing strategy is the best choice for your product and primary target market? Consider your current placement on the product life cycle when determining your retailing strategy.
- Gift Co offers gifting services to individual customers. state the appropriate business model that should be adopted and further discuss the positive aspects of such model.Choose a product category that both you and your parents purchase (e.g. business, clothing, casual clothing, music, electronic equipment, shampoo). In which type of store do you typically purchase this merchandise? What about your parents? Explain why there is, or is not, a difference in your store choices.The atmosphere in a retail store is carefully crafted to influence shoppers. Select a retailer that has both a physical store and an online store. Describe the elements of the physical store’s atmosphere, such as the colors, lighting, music, scents, and décor. What image is the store’s atmosphere projecting? Is that image appropriate given the merchandise assortment and target market of the store? Which elements of the physical store’s atmosphere are part of its online store atmosphere? Does the retailer integrate the physical store’s atmosphere with its online presence? Explain.
