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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.


Definitions:

Investment

Assigning financial resources with the aim of achieving returns or making a profit.

Desired Return

The target profit or income level that an investor or business aims to achieve on an investment or project.

Target Cost

The estimated price for a product that would allow a company to achieve a desired profit margin while remaining competitive in the market.

Useful Life

The estimated duration an asset is expected to be functional and useful before it needs to be replaced or becomes obsolete.

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