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

7-11 is a convenience store that is characterized so because it - has limited variety and assortment of merchandise a retail strategy is made up of the retailers competitive advantage, the retail format and the - target market a retailer sells products and services to - the end user a retailer that carries both hard and soft lines, with wide breadth, shallow depth, usually freestanding store, centrally located checkouts and a low profit margin percent best describes which type of retailer? - discount store A retailer that has many people browsing in their store, but few people actually buying products, needs to strive to increase their ______________. - conversion rate a retailer that is owned and controlled by "members" where costs are kept low, wages are kept high, and no profits are expected is best described as - co-op store a set of firms that make and deliver a given set of goods and services to the ultimate consumer - supply chain