What Must a Retailer Do After Identifying a Target Market

question 155

Multiple Choice

What must a retailer do after identifying a target market?

• A) develop marketing strategies to attract chosen customers to its stores
• B) get sufficient funding to change all displays and store décor
• C) contact new suppliers to purchase products that fit their target
• D) develop new pricing strategies to increase their prestigious image and value

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Definitions:

Factors

Components or elements that contribute to or influence an outcome or situation.

Problem-Solving Skills

Refers to the ability to identify, assess, and solve problems effectively through critical thinking and creative strategies.

Leaders

Individuals who influence, guide, or direct others towards achieving set goals by motivating and providing direction.

Address Problems

The approach or method used to identify, analyze, and resolve issues or challenges.