Question

How would you characterize the competitive strategy of a high-end department store chain?

Answer 1

favor of a high-end department store like Nordstrom, the Nordstrom targets upper-end customers through high responsiveness necessities. These clients are willing to pay a high price to obtain the products that they desire well-timed. Toward support this strategy, the Nordstrom have to use inventory. The big variety and quantity of stocks can confident a high level of availability to gratify the customer’s needs. In fact, the Nordstrom stocks a significantly superior amount of inventory after that other department stores. Consequently the price of their goods is very higher than that of others. Customer wants are the following: 1. The big range of quantity required 2. The Short lead times 3. The large variety of products required