What is retailing - Study guides, Class notes & Summaries

International Business: The New Realities, 4e (Cavusgil) Chapter 3 The Cultural Environment of International Business 1) ________ refers to the values, beliefs, customs, arts, and other products of human thought and work that characterize the people of a given society. A) Ethnicity B) Heritage C) Culture D) Race Answer: C Diff: 1: Easy Skill: Concept Objective: 3-1: Understand culture and cross-cultural risk AACSB: Analytical Thinking; Diverse and Multicultural Work 2) Jor...

What is Retailing? correct answers A set of business activities that adds value to the products and services sold to consumers for their personal or family use. What do Retailers do? correct answers A set of business activities that adds value to the products and services sold to consumers for their personal or family use. Why is retailing important to our society? correct answers *More than 8% of the U.S GDP comes from retailing *Employs over 14 million people *Social Responsibility ...

Select the sectors that are part of the LVMH ecosystem - Answer - - Fashion & leather goods - Wines & spirits - perfumes & cosmetics How many maisons are there within the LVMH group? - 15 - 48 - 62 - More than 70 - Answer - More than 70 What is the name of the division conglomerating all of LVMH's wines & spirits brands? - Moët Hennessy - Clos des Lambrays - LVMH W&S - Hennessy - Answer - Moët Hennessy Select the oldest Maison among the LVMH Wines & Spirits brand...

DMS 301m Full Test Bank | Verified with 100% Correct Answers Innovation is viewed as a critical element in the success of a product's development. According to the lecture video, which firm's innovation strategy is different from the others? Apple Coca-Cola Google Netflix Coca-Cola uses incremental innovation. Coke has been very successful in introducing a number of extensions to its cola line through such products as Diet Coke (or Coke Light), Coke Zero, and Cherry Coke. Strong brands have ...

what are the 3 kinds of operations management decisions? correct answers strategic, tactical, operational characteristics of a strategic OM decision correct answers -long term (5-20 yrs) -often involving acquisition of new resources ex) electric utility - power station of construction characteristics of a tactical OM decision correct answers -medium term (1-3yrs) -utilization of existing resources ex) assembly plant - workforce commitments characteristics of a operational OM decisi...

a marketing program that provides incentives to repeat customers who are loyal company brand shoppers - loyalty program after one negative experience, approximately what percentage of people say they will never do business with that company again? - 50% an interconnected system approaches for meeting the goal of retailing, which is to provide customers with the merchandise and services they want - retail ecosystem approximately what percent of Americans use a credit or debit card for at le...

Core Aspects of Marketing correct answers 1. Helps create value 2. Satisfying customer needs/wants 3. Entails an exchange 4. Requires 4 p's decisions 5. Can be performed by both individuals and organizations 6. Affects various stakeholders Exchange correct answers Can be monetary or a barter. 4 Eras correct answers Production Sales Marketing Value Based Production Era correct answers producing best product - Henry Ford Sales Era correct answers producing more than bought ...

Corporate Statement - Changing clothes. Changing conventional wisdom. Change the world. The FAST RETAILING Group Mission - To create truly great clothing with new and unique value, and to enable people all over the world to experience the joy, happiness, and satisfaction of wearing such great clothes. To enrich people's lives through our unique corporate activities, and to seek to grow and develop our company in unity with society. Our Values - Approaching issues from the customers perspe...

BA 303 Exam 3 Questions and Answers 100% Pass Channel Systems - Correct Answer ️️ -Major decision areas for designing channel systems 1. Types of intermediaries to use 2. Number of intermediaries to be included in the channel 3. Terms and responsibilities expected of channel members Types of Intermediaries - Correct Answer ️️ -1. Retailers 2. Wholesalers/Distributors 3. Manufacturer's Sales Office and Branches Retailers - Correct Answer ️️ -Retailing includes all activities...

Inside LVMH ACTUAL Exam Questions and CORRECT Answers Which of these Maisons is the oldest? - CORRECT ANSWER- CHAUMET What are the key drivers for Selective Retailing Maisons? - CORRECT ANSWER- - Constant innovation - Personalization of relationships - Transforming shopping in a unique experience