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Scenario 4-5 Jay and Carrie Garrett Operate a Small Retail Store in Store

question 44

Multiple Choice

Scenario 4-5
Jay and Carrie Garrett operate a small retail store in a college town that sells only house plants and accessories called The Plantatarium. Their initial feeling when they went into business was that virtually everyone was a potential customer for house plants. Subsequent market research conducted for them painted a different picture. This research identified three particularly strong market segments. The first was college students ages 18-24. The next segment was retired seniors ages 65-80. The third segment was professional offices for doctors, accountants, and lawyers. The college students liked houseplants because they dressed up their living spaces. The senior liked them because they became the focus of a hobby. The professionals did not buy them for any other reason than décor.
-(Scenario 4-5) The Plantatarium promotes itself in different media using the phrase "An out of this world selection of unique plants." This phrase is a reflection of the firm's ____.

Definitions:

Personal Magnetism

A captivating, inspiring personality with charm and charismatic-like qualities.

Strikes a Bargain

Negotiating terms between parties to reach a mutually advantageous agreement or compromise.

Hands-on Leader

A leadership style characterized by direct involvement and active participation in the tasks and activities of the team or organization.

Task Oriented

Refers to a focus on completing specific goals or tasks rather than on social or emotional aspects in a work context.