Why Should the Identification of Consumers Precede the Overall Strategy

question 30

Essay

Why should the identification of consumers precede the overall strategy stage in the elements of a retail strategy? Explain your answer.

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Definitions:

Diagrams

Visual representations that outline, explain, or clarify complex information or processes, utilizing shapes, symbols, and lines.

Work Breakdown Structure (WBS)

A hierarchical decomposition of a project into smaller components, helping organize and define the total scope of the project.

Hierarchical Listing

An organized structure of items or information ranked and arranged strictly in order of rank, value, or authority.

Activity Sequence

The order in which tasks or activities must be carried out to successfully execute a project plan, usually depicted in a project schedule.