What Are the Elements of the Decision Making Process

question 75

Essay

What are the elements of the decision making process?

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Definitions:

Off-price Retailers

Retail stores that sell high-quality goods at lower prices than traditional retail prices, often through the purchase of overstock items or direct negotiations.

Retail Store Managers

Individuals responsible for overseeing the daily operations of retail stores, including staff management, sales, and inventory control.

Assortment

The selection of merchandise a retailer carries.

Wholesalers

Businesses that buy goods in large quantities from producers to sell them in smaller quantities to retailers or professional users.