Asked by Shehla Qureshi on Jul 18, 2024
Verified
A type of purchasing behavior in which off-price retail stores negotiate especially low prices for certain categories of merchandise, such as end-of-season goods and closeouts is called
A) opportunistic buying.
B) negotiated buying.
C) seasonal buying.
D) strategic buying.
E) rock-bottom buying.
Opportunistic Buying
Purchasing behavior in which off-price retail stores negotiate especially low prices for certain categories of merchandise, such as end-of-season goods and closeouts.
Off-Price Retail
Retailers who sell branded goods at lower than the manufacturer's suggested retail price, typically by offering surplus or out-of-season items.
- Recognize the pivotal importance of price positioning and inventory turnover in developing effective retail strategies.
Verified Answer
YF
Yolanda FullardJul 24, 2024
Final Answer :
A
Explanation :
Opportunistic buying refers to the practice where off-price retailers negotiate especially low prices for specific categories of merchandise, such as end-of-season goods and closeouts, taking advantage of opportunities to purchase inventory at significantly reduced costs.
Learning Objectives
- Recognize the pivotal importance of price positioning and inventory turnover in developing effective retail strategies.