Describe Four Differences Between Services and Merchandise Retailers

question 60

Essay

Describe four differences between services and merchandise retailers.Then explain the challenges,and how services retailers overcome those challenges associated with them with examples.

Comprehend the role of forecasting in revenue management and its importance in predicting customer behavior.

Identify and evaluate strategies to address perishable assets and optimize resource utilization.

Demonstrate knowledge of supply planning and its integration with revenue management strategies.

Understand the optimization techniques used in revenue management to maximize revenue or minimize costs.