A Change in Any Element of a Retailer's Physical Structure

question 60

Multiple Choice

A change in any element of a retailer's physical structure including check out counters,merchandise fixtures or size of the store is known as:

• A) possession reconfiguration.
• B) time reconfiguration.
• C) form reconfiguration.
• D) target market reconfiguration.
• E) place reconfiguration.

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Definitions:

Continuous Improvement

An ongoing effort to enhance products, services, or processes by making incremental improvements over time or through significant changes at once.

Market Research Surveys

The collection of information and insights from targeted market segments to assess preferences, behaviors, and perceptions regarding products or services.

Poor Service

Substandard or unsatisfactory provision of services to customers, often leading to dissatisfaction or complaints.

Product Quality

The measure of a product's ability to satisfy customer expectations, encompassing features, reliability, durability, and performance.