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The Primary Issue Facing Food Retailers in General, and Supermarket

question 104

Essay

The primary issue facing food retailers in general, and supermarket and convenience store retailers in particular, is the increasing level of competition from other types of retailers List type of retailers tha competing with them and give examples.
Explain and give examples how food retailers are responding to this treat.


Definitions:

Marketing Mix Elements

Components of a marketing strategy, traditionally identified as product, price, place, and promotion, used to meet consumers' needs and business goals.

Strategic Combination

A tactic of integrating diverse strategies, resources, or actions to reach more comprehensive and effective strategic goals.

Yield Management

A pricing strategy used by companies to increase revenue by considering both the price and the inventory available to meet demand.

Service Capacity

The maximum amount of service that can be provided by a business or service provider in a given period.

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