Which of the Following Is a Difference Between Off-Price Retailers

question 3

Multiple Choice

Which of the following is a difference between off-price retailers and specialty shops?

• A)Off-price retailers replenish inventory items that are sold,while specialty shops never replenish inventory items that are sold.
• B)Off-price retailers employ a hybrid retail operating model,while specialty shops employ a mass merchandising retail operating model.
• C)Off-price retailers focus on lean inventory management,while specialty shops are supported by an agile approach to inventory.
• D)Off-price retailers adopt a high-service approach,while specialty shops de-emphasize customer service and product selection.

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Definitions:

Demand Data

Information related to the desire for and consumption of goods or services, used for analysis in business strategy and planning.

Seasonal Pattern

A cyclical pattern in data that repeats at regular intervals over a year, often observed in sales, weather, and economic data.

Time Series

A series of data points, generally comprising consecutive observations taken across a period of time.

Forecast

A prediction about future events or trends, often based on historical data and analysis, used in planning and decision-making processes.