Asked by Thomas Waller on May 30, 2024
Verified
Briefly describe the three ways retail outlets can be classified.
Retail Outlets
Physical or online stores where products are sold directly to consumers, offering a range of goods for personal or household use.
Classified
Information, objects, or documents that have been officially categorized according to their sensitivity or importance, often with restrictions on access.
- Understand the classification and types of retail outlets.
Verified Answer
MA
Munira AlasfoorMay 31, 2024
Final Answer :
Retail outlets can be classified in three basic ways: (1) form of ownership, which refers to who owns the outlet; (2) level of service, which is the degree of service provided to the customer; and (3) merchandise line, which refers to how many different types of products a store carries and in what assortment.
Learning Objectives
- Understand the classification and types of retail outlets.
Related questions
List the Five Store Locations or Settings ...
________ Offer a Limited Assortment of General Merchandise at Very ...
A Customer Who Is Shopping for Fashionable but Relatively Low-Cost ...
________ Are Likely to Target Low-Income Consumers Who Want National ...
________ Include TJ Maxx and Overstock.com ...