Which of the Following Represents the Thinking Behind Off-Price Retailers

question 86

Multiple Choice

Which of the following represents the thinking behind off-price retailers?

• A) They sell items from a full-line discount stock to customers who are drawn in primarily by the food on sale.
• B) They sell overruns,irregular merchandise,and/or overstocks purchased from manufacturers at or below cost.
• C) They turn customers into suppliers by buying back pre-owned items from customers and reselling to different customers.
• D) They offer a nearly complete selection of merchandise within a single category and use self-service,discount prices,high volume,and high turnover to their advantage.

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Definitions:

Market Focus

Market focus refers to a strategic orientation where a business channels its efforts and resources towards serving a particular market segment or niche effectively.

Sales Orientation

A business approach that prioritizes selling as many products or services as possible, often without a specific focus on customer needs or product quality.

Specific Needs

Particular requirements or desires of an individual or entity.

Henry Ford

American industrialist and founder of Ford Motor Company who revolutionized factory production with his assembly-line methods.