The Fundamental Activity of a Retailer Is to Provide the Right

question 26

True/False

The fundamental activity of a retailer is to provide the right mix of merchandise and services that satisfies the needs of the target market.

---

Definitions:

Downward Communication

Information flow from the higher levels of a hierarchy to the lower levels, typically used for instructions, performance feedback, and policy announcements.

Organizational Goals

The objectives or targets that an organization aims to achieve, which guide its operations and strategy.

Informal Networks

Informal networks refer to the social connections and channels of communication within an organization that are not officially designated or structured but play a crucial role in information flow and collaboration.

Downward Communication

A form of organizational communication that flows from higher levels of the hierarchy (such as managers) to lower levels (like employees), often used to provide instructions, feedback, or information about decisions.