Asked by Chasity Kleinsorge on May 31, 2024
Verified
Neveen represents a manufacturer who makes unique, high-end hats. When making a recommendation about potential retail partners, what should be Neveen's first consideration?
A) What is the appropriate advertising strategy?
B) When will customers want this product?
C) What prices will customers be willing to pay?
D) What assortment of products will customers want?
E) How likely is it for certain retailers to carry this product?
High-end Hats
Premium quality hats that are often designer brands, crafted with superior materials, and sold at a higher price point.
Retail Partners
Businesses that sell products directly to consumers, often cooperating with manufacturers or distributors in a supply chain.
- Grasp the considerations involved in choosing retail partners for unique, high-end products.
Verified Answer
KL
Kelsey LawlerMay 31, 2024
Final Answer :
E
Explanation :
Neveen's first consideration should be the likelihood of certain retailers carrying the unique, high-end hats. This will determine which retailers to approach and present the product to, and will ultimately impact the success of the product in the market. Other factors such as appropriate advertising strategy, customer demand, pricing, and product assortment should also be evaluated, but they should come after considering the potential retail partners.
Learning Objectives
- Grasp the considerations involved in choosing retail partners for unique, high-end products.
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