Which of the following is true of the benefits offered by Internet shopping? Customers can get information that is useful across channels. Current retailers are using catalog channels for: building a brand image and driving traffic to stores.... read more ›
Which of the following represents how a retailer would change customers' importance weights? A retailer would want to increase the importance weight on benefits for which its performance is superior.... see more ›
Retailers have benefited by having Internet channels because it offers a deeper and broader selection, has more information for evaluating merchandise, and has personalization.... see more ›
Q. The first step in the retail management decision process is Store Management. The impacts of the microenvironment - including technological, social, and ethical/legal/political factors should be taken into account when making a retail management decision.... see more ›
Which of the following is true of single-store retailers? They are not bound by the bureaucracies inherent in large retail organizations.... see details ›
D. It allows more efficient production and distribution scheduling to reduce costs.... read more ›
The internet has allowed retailers to connect with potential customers and express their brand in entirely new ways, and physical stores have become a part of their communication and sales strategy instead of being their only or primary way to reach consumers.... see details ›
Online purchases take money out of the local economy.
Less money comes to local businesses, which means they make fewer hires. Fewer hires means less money flowing into the local economy. Less money flowing into the local economy means fewer jobs, and less money available to residents to spend.... read more ›
Answer: Trade Promotions can offer several benefits to businesses. Retail stores can be an extremely competitive environment; trade promotions can help companies differentiate their products from the competition. Companies can utilize Trade Promotions to increase product visibility and brand awareness with consumers.... view details ›
Online retailers can increase their sales and profits faster than a brick and mortar establishment because selling online offers the advantage of being open twenty-four hours a day, seven days a week. Selling online also allows retailers to sell their merchandise in any part of the world without additional expense.... see more ›
1. A process that allows the customers to search, select and purchase the products, services and information remotely over the Internet.... continue reading ›
Using the Internet as your primary sales channel offers multiple advantages. Building a website is cheaper than opening a store, and you can reach customers online anywhere in the world. Shopping is easy and comfortable for customers, and you can customize their experience based on past sales and preferences.... view details ›
|Basic decisions||Routine decisions|
|Decisions made after careful and systematic analysis of a problem and evaluation of several alternatives based on rational and logical facts and figures.||Decisions based on intuition or experience of the decision maker and not based on relevant facts and figures.|
Electronic retailing is the sale of goods and services through the internet. E-tailing can include business-to-business (B2B) and business-to-consumer (B2C) sales of products and services. Amazon.com (AMZN) is by far the largest online retailer providing consumer products and subscriptions through its website.... read more ›
Hence, we conclude that changing the desired outcome is NOT one of the steps involved in the decision-making process.... read more ›
Which of the following is true of corporate chain retailers as compared to single-store retailers? They can effectively negotiate lower prices for merchandise.... see more ›
- The role of the retailer in the distribution channel.
- Different formats of Retailing.
- 1) Department Stores. Different classifications of department stores. ...
- 2) Super Markets. ...
- 3) Chain Stores or Multiple Shops. ...
- 4) Discount Houses.
- 5) Direct Selling. ...
- 6) Telemarketing.
Off-price retailers are mainly of three types. They are; factory outlets, independents, and warehouse clubs. Factory outlets are owned and operated by manufacturers, which normally carry the manufacturers surplus, discontinued, or irregular goods.... continue reading ›
- High delivery flexibility.
- Lower transport costs.
- Shorter delivery time (dispatch)
- Delivery to the site as a rule up to three times a day.
How an efficient supply chain system can increase a retailer's level of product availability and decrease its inventory investment?
An efficient supply chain system achieved with the help of software helps save the retailer from overstocking inventory for a given product. Retailers can forecast the demand in the market, and according to requirements, they can connect to the suppliers.... continue reading ›
Which of the following is an inherent limitation associated with asking the customer for identifying information for building a customer database?
Which of the following is an inherent limitation associated with asking the customer for identifying information for building a customer database? Some customers may feel that the sales associate is violating their privacy.... see details ›
|Advantages of Shopping Online||Disadvantages of Shopping Online|
|No Crowds||You Don't Know Exactly What You're Getting|
|No Sales Pressure||Unfriendly, Scammy, or Complicated Websites|
|Access to Used or Damaged Inventory||No Sales Assistance|
|Privacy for Discreet Purchases||No Support for Local Retailers|
Online sellers remove the middlemen in the supply chain. Hence, they can provide items at a very less price of a few pennies more than the cost of its manufacturing to make their business grow, but this, in turn, hampers local shopkeepers' business.... read more ›
The world of e-commerce is growing and has gained wide acceptance. It will not replace every retail sub-industry, but it certainly has changed the landscape of traditional retail forever. And that's good for the consumer in the form of competitive prices, greater selection, timely delivery and convenience.... read more ›
Although the introduction of the online channel has not lead to lower prices in general, there is a considerable positive effect on total sales because of increased convenience. The online distribution channel swipes away some traditional sales but also activates consumers who find the online channel more appealing.... see details ›
Internet shopping has become an effective way of boosting an economy by increasing demand, expanding consumption and promoting employment. It has improved operations through greater use of electronic book-keeping and records management.... see more ›
Retailers are able to offer their customers more options in regards to home delivery, pricing and coupons. The online stores expose the brand to more potential customers because of the wider range of products, a privacy when shopping, and more convenient shopping (at the click of a button or even on smart phones).... see more ›
question. The which is not the retailer's function is Option C: Location Analysis. A retailer is a person handling a store to sell commodities and goods directly to customers in the market.... continue reading ›
Answer» d. Huge profits of manufacturers.... see more ›
What is the term used if management wants to audit the key management functions like Salesforce advertising or pricing?
|Q.||What is the term used if management wants to audit the key management functionslike sales force, advertising or pricing?|
|D.||None of the above.|
|Answer» a. Vertical audit|
Which of the following is true of the benefits offered by Internet shopping? Customers can get information that is useful across channels. Current retailers are using catalog channels for: building a brand image and driving traffic to stores.... view details ›
It allows you to drive quality traffic
Internet marketing is important because it helps you drive more qualified traffic. You reach more leads that are interested in your business. The ability to target specific leads helps you drive traffic that takes an interest in your company.... view details ›
Which one of the following is a factor which gives advantage to e business over traditional business?
Lower Costs. One of the most tangible positives of e-commerce is the lowered cost. A part of these lowered costs could be passed on to customers in the form of discounted prices.... see more ›
An online store may also be called an e-web-store, e-shop, e-store, Internet shop, web-shop, web-store, online store, online storefront and virtual store. Mobile commerce (or m-commerce) describes purchasing from an online retailer's mobile device-optimized website or software application ("app").... see details ›
- American Eagle & Aerie.
- Kylie Cosmetics.
- Nasty Gal.
- Urban Outfitters.
- The Frankie Shop.
1. A process that allows the customers to search, select and purchase the products, services and information remotely over the Internet.... read more ›
Internet marketing involves the use of digital media to inform the market of your business and to entice people to purchase your products and services. The internet (and, by extension, mobile) is merely a vehicle to provide greater reach for your advertising, promotional, and public relations efforts.... read more ›
Q. The first step in the retail management decision process is Store Management. The impacts of the microenvironment - including technological, social, and ethical/legal/political factors should be taken into account when making a retail management decision.... see details ›
|Q.||Which type of decision making is carried out by lower level management and deals with specific dayto-day processes?|
|B.||Operational decision making|
|C.||Administrative decision making|
|D.||Mid-level decision making|
|Answer» b. Operational decision making|
Understand local interaction.
Since Internet retail customers reside in offline locations and interaction among customers can benefit Internet retailers, it's important to understand how potential customers interact in their physical neighborhoods as well as in the virtual world.... see more ›
Online retailers can increase their sales and profits faster than a brick and mortar establishment because selling online offers the advantage of being open twenty-four hours a day, seven days a week. Selling online also allows retailers to sell their merchandise in any part of the world without additional expense.... continue reading ›
In its simplest form, is establishing organizational goals and deciding how to accomplish them. It is often referred to as the "first" management function because all other management functions depend on planning.... see more ›
b. Seeking alternative solutions is not a step of decision making.... view details ›
The Internet was first invented for military purposes, and then expanded to the purpose of communication among scientists. The invention also came about in part by the increasing need for computers in the 1960s.... read more ›
- 1) Convert Site Visitors into Subscribers with Capture form Personalization. Building your email list is the critical first step in your customers' email journey. ...
- 2) Increase Website Conversions using Abandoned Cart Personalization. ...
- 3) Drive Repeat Purchases with Personalized Product Recommendations. ...
- Let's Get Personal!
Which type of store is small and offers a limited merchandise assortment at very low prices? Extreme value retailers are small, full-line discount stores that offer a limited merchandise assortment at a very low price.... continue reading ›
Omnichannel retailing is a coordinated multichannel retail offering that provides a seamless and synchronized customer experience, using all of the retailer's shopping channels.... see details ›
Introduction. The Pew Internet Project has looked at how people use the internet in four major ways: to communicate, to gather information, to transact personal and professional business, and to entertain themselves.... continue reading ›
The correct answer is High cost. The high cost is NOT a feature of the internet.... see more ›
What was the original purpose of the Internet? To connect universities and research labs.... continue reading ›
- Category Page Personalization. Category pages are for shoppers who are looking for a specific type of product but don't know which exact one they are planning to buy. ...
- Product Detail Page (PDP) Personalization. ...
- Cart Page. ...
- Post checkout.
- Overcome Geographical Limitations. ...
- Gain New Customers with Search Engine Visibility. ...
- Lower Costs. ...
- Locate the Product Quicker. ...
- Eliminate Travel Time and Cost. ...
- Provide Comparison Shopping. ...
- Enable Deals, Bargains, Coupons, and Group Buying. ...
- Provide Abundant Information.
Ecommerce Personalization Example #1) Amazon
By showing you products that you've already looked at, Amazon is more likely to increase sales and get you the items you'd been hesitant to buy (or forgotten about).... see more ›
Which food retailer is a self service retail food store offering groceries meat and produce with limited sales of nonfood items?
Supermarkets : a self service food store offering groceries, meat, and produce with limited sales of nonfood items, such as health and beauty aids and general merchandise.... read more ›
The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount compared to other stores which purchased an initial run.... see details ›
What are the advantages of traditional stores versus Internet-only stores? The relative advantages of the most traditional retail channels are browsing, touching and feeling products, personal service, cash and credit payments, entertainment and social experience, immediate gratification, and risk reduction.... see details ›
What best describes a seamless and synchronized customer experience using all of the retailer's shopping channels? Omnichannel Retailing.... read more ›
What do you understand by experiential marketing How do organizations deliver customer experienced value?
Experiential marketing is marketing strategy that engages the consumer and creates real-life experience that will be remembered. This type of marketing focuses on getting the consumer to experience the brand.... continue reading ›