A Retailer's Primary Competitors Are Other Retailers That

question 57

Multiple Choice

A retailer's primary competitors are other retailers that

• A) are more vertically integrated.
• B) use the same type of store format.
• C) have the same target market.
• D) sell online.
• E) scramble merchandise.

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Definitions:

Compensating Salespeople

The practice of providing monetary and non-monetary rewards to sales staff for their performance and achievements.

Stock Ownership Incentive Plans

Programs designed to give employees the opportunity to buy or receive shares in the company they work for as a form of incentive.

Individual Incentive Plans

Compensation strategies designed to motivate individual employees by providing rewards, typically financial, based on their personal performance or achievements.

Profit-sharing Plans

Employee benefit plans that provide workers with a share of the company's profits based on its quarterly or annual earnings.