When Developing a Retail Strategy, What Task Should Be Completed

question 132

Multiple Choice

When developing a retail strategy, what task should be completed first?

• A) determining a merchandising strategy
• B) selecting a target market
• C) establishing customer-service standards
• D) outlining a promotional strategy

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Definitions:

Evaluate

To calculate or ascertain the numerical value or result of an expression or function.

Properties

The fundamental rules and characteristics that define mathematical operations, such as commutative, associative, and distributive properties.

Logarithms

The inverse operation to exponentiation, indicating the power to which a base number must be raised to obtain another number.

Approximate

To approximate means to find a value or answer that is close to the exact one, but not exactly it, often used when an exact solution is not necessary or possible.