Merchandising strategy is based on
research
d. Consumer
a. Vendors
b. Intermediaries
c. Manufacturers
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Correct question:
Merchandising strategy is based on _____ research
a. Vendors
b. Intermediaries
c. Manufacturers
d. Consumer
Merchandising strategy is based on d) consumer research.
Merchandising strategy Definition:
"Merchandising strategy involves the tactics (or business processes) that contribute to the sale of goods and services to the customer for profit."
Consumer research in merchandising:
- The main goal of merchandising is to analyse the sales of provisions to the end-consumers.
- The understanding of customer preferences helps in determining the quantity, display methods, discounts, coupons, offers and development of marketing strategies.
- Merchandising strategies may differ according to the change in culture, climates, holidays, etc.
- Usually the merchants or retail sellers are not the producers of the products or services, they are a third-party dealer between the producers and buyers. Hence, merchandising strategies not only aids in the better sales preformance for the retailers but also provides beneficial profits to the producers.
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