Intro to Retail Final Questions Answered Correctly – Expert Verified | Latest Version 2024/2025

____ are end of season merchandise that will not be in the manufacturers offerings going forward - close-out ____ offer an inconsistent assortment of brand name merchandise at a significant discount off the manufacturers suggested retail price - off price retailers A ___ identifies the target market, the merchandise and services that will be offered, and how the company will achieve long-term advantage over its competitors - retail strategy A ____ is a business that sells products and/ or services to consumers for their personal or family use - retailer A _____ refers to the market toward which a retailer will direct its efforts - target market A company in the first stage of incorporating social responsibility (CSR) into its strategies: - only engages in CSR activities that are required of it by law a major value-providing activity by retailers is ________ _________ so that products will be available when consumers want them, however, because of the additional stage in the overall supply chain, this adds to the price - holding inventory