What is the retailing and why is it important? What are thedifferent types of retailers?How retail marketing channel are developed and executed? Howservices retailing differs from goods retailing?

Answers

Answer 1

Retailing refers to the process of selling products or services directly to consumers through physical or online stores. Retailers are the businesses that engage in this activity, and they play a crucial role in the economy. They provide consumers with the products and services they need, while also contributing to the growth of the overall retail industry.

There are several different types of retailers, including department stores, specialty stores, supermarkets, convenience stores, and online retailers. Each type of retailer focuses on a specific category of products or services, and they offer different levels of convenience, pricing, and quality.

Retail marketing channels are developed and executed through a variety of strategies, including advertising, public relations, and promotions. These channels help retailers to reach their target customers and drive sales.

Services retailing differs from goods retailing in several ways. For one, services are intangible, which means that they cannot be physically touched or seen before purchase. This means that services retailers need to rely on other marketing tactics, such as word-of-mouth referrals and online reviews, to promote their services. Additionally, services retailers often rely on more personalized interactions with customers, since the customer experience is a crucial part of the service delivery process.

Overall, retailing is an essential component of the modern economy, and it plays a significant role in the lives of consumers worldwide. By understanding the different types of retailers, the strategies used in retail marketing channels, and the differences between services and goods retailing, businesses can better position themselves for success in the retail industry.

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Related Questions

Question 21 of 25
Which type of wave interaction is shown by the water waves in the photo?
A. Refraction
B. Diffraction
C. Interference
D. Reflection

Question 21 of 25Which type of wave interaction is shown by the water waves in the photo?A. RefractionB.

Answers

Answer:

I Believe C. (Interference) Is your answer

Explanation:

Interference Definition

the combination of two or more electromagnetic waveforms to form a resultant wave in which the displacement is either reinforced or canceled.

Sorry If I'm wrong :(

Hope I helped!!!!!!!!!

The type of wave interaction shown by the water waves in the photo is interference. The correct option is c.

What is interference?

Interference is a phenomenon in which two coherent waves are combined by adding their intensities or displacements with due consideration for their phase difference. The resultant wave may have greater intensity or lower amplitude if the two waves are in phase or out of phase, respectively.

Interference effects can be observed with all types of waves, for example, light, radio, acoustic, surface water waves, gravity waves, or matter waves as well as in loudspeakers as electrical waves. The principle of superposition of waves states that when two or more propagating waves of the same type are incident on the same point, the resultant amplitude at that point is equal to the vector sum of the amplitudes of the individual waves.

If a crest of a wave meets a crest of another wave of the same frequency at the same point, then the amplitude is the sum of the individual amplitudes this is constructive interference.

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why does saturn have the coldest surface temp?

Answers

Answer:

distance from the Sun

Explanation:

because of Saturn's tilt, the southern and northern hemispheres are heated differently, causing seasonal temperature variation.

what the other person said is correct!!

Consider the following possible misstatements and internal controls associated with the purchasing process.
Possible Misstatements
1. Purchases may be made from fictitious or unauthorized vendors.
2. Products may be received without generating a receiving report.
3. Purchases may be recorded in an incorrect account.
4. Goods may not have been ordered.
5. Purchases may be posted to the wrong vendor.
6. Purchases may be recorded in the incorrect time period.
7. Purchases may be recorded at an incorrect amount.
8. Purchases may not be recorded.
Required
For each control listed below, identify the possible misstatement the control is designed to prevent, or detect and correct. Put one number in the box corresponding to the list above for the possible misstatement.
Controls
A. Software compares the recording date on vouchers with the date on the underlying receiving report.
B. Software compares the general ledger coding on the voucher with the general ledger coding on the purchase order. C. Software matching receiving reports with vouchers on a one-for-one basis. Once a receiving report has been matched with a voucher, it cannot be matched with a different voucher D. Only a limited number of individuals can change the vendor master file, and these duties are segregated from purchasing and from receiving and recording goods. E. Software identifies all unfilled purchase orders for follow-up by the ordering department. F. Software matches the vendor number on the voucher with the vendor number on the purchase order. G. Software matches the items and quantities on a voucher with items and quantities on a receiving report. H. Software matches all goods received to an approved purchase order.

Answers

A. Possible misstatement: Purchases may be recorded in the incorrect time period (6).
B. Possible misstatement: Purchases may be recorded in an incorrect account (3).

According to accounting and auditing, internal control is a process used to make sure that an organization's goals for operational effectiveness and efficiency, accurate financial reporting, and adherence to laws, rules, and policies are met.  
C. Possible misstatement: Products may be received without generating a receiving report (2).
D. Possible misstatement: Purchases may be made from fictitious or unauthorized vendors (1).
E. Possible misstatement: Goods may not have been ordered (4).
F. Possible misstatement: Purchases may be posted to the wrong vendor (5).
G. Possible misstatement: Purchases may be recorded at an incorrect amount (7).
H. Possible misstatement: Purchases may not be recorded (8).

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When given the task to investigate the root cause or the
main factor of a problem, where is the best place to start, the
people (employees) or the systems (data bases).
Explain your answer.

Answers

the most cases, it is preferable to begin an investigation into a problem's root cause or primary component with the systems (databases) rather than the people (workers).

Systems offer an unbiased and concrete source of data and information that might offer important insights into the current issue. We can find any technical hiccups, faults, or problems that could be causing the issue by inspecting the systems and databases.Even while people are an integral part of every organisation, depending only on their opinions runs the risk of biases, subjective interpretations, or missing data. Starting with the systems allows us to collect factual data that can later be supplemented with employee feedback to get a comprehensive knowledge of the issue and its underlying causes.

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which economic question is addressed by targeting teenage buyers?

Answers

The economic question that is addressed by targeting teenage buyers is "For whom to produce?"Explanation:

In an economic system, the allocation of resources to various economic agents is determined by answering three basic economic questions, including what to produce, how to produce it, and for whom to produce it. When targeting teenage buyers, the economic question that is being addressed is "For whom to produce?" In other words, producers are identifying a particular group of consumers, in this case, teenagers, and tailoring their products to meet the needs and wants of that group.

By targeting teenage buyers, producers are attempting to increase their sales and profits by catering to the unique preferences and spending habits of this demographic. They may choose to produce goods and services that are more appealing to teenagers, such as clothing, music, technology, or entertainment. In addition, they may choose to advertise and market their products in a way that resonates with teenagers, such as through social media, influencers, or targeted advertising campaigns. Ultimately, targeting teenage buyers is a way for producers to address the question of "For whom to produce?" by focusing their resources on a specific segment of the market.

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"tuition at state university this year is $8,000. " which function of money does this statement best illustrate?.

Answers

"State University's tuition this year is $8,000." The statement "unit of account is the function of money" best demonstrates.

Why does money serve a purpose?

As a result, money has always been used as a reserve of value, an account unit and a medium of trade, despite the fact that it has existed throughout history in a variety of forms. Money that is not backed by nor represented by a physical good is known as fiat currency, which is used in modern economies.

Money fulfills three roles: it serves as a unit of account, a store of value, and a medium of exchange. an interchangeable medium. Acting as an exchange medium for transactions is the main function of money.

Who set the intentions behind the creation of money?

In his renowned book Money and the Mechanism of Exchange, William Stanley Jevons described money in terms of four uses (1875). These four roles are: a medium of exchange, a standard of value (or standard of deferred payment), a standard of value (or unit of account), and a store of value.

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now imagine a measure of well-being that includes time spent working in the home and taking leisure. true or false: the change in this measure of well-being would be less than the change in gdp.

Answers

A statement "the change in this measure of well-being would be less than the change in gdp." is true because the change in GDP must be less.

What is change in GDP?

Rising GDP indicates that the economy is expanding and that the resources accessible to citizens - products and services, salaries and profits - are increasing. An rise in GDP raises money demand because consumers will need more money to execute the transactions required to acquire the additional GDP.

In other words, the transactions demand impact raises actual money demand. Real GDP is a measure of an economy's total products and services in a given year that takes into account price fluctuations.

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Assembly department of Zahra Technologies had 100 units as work in process at the beginning of the month. These units were 50% complete. It has 200 units which are 25% complete at the end of the month. During the month, it completed and transferred 500 units. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Zahra uses weighted-average process-costing method.

What is the number of equivalent units of work done during the month for direct materials? (HINT: The answer is 700 units, but I need work to support it)

Answers

Answer: 700

Explanation:

The number of equivalent units of work done during the month for direct materials will be:

Completed and transferred units = 500

Ending work in process inventory = 200

Number of equivalent units = 500 + 200 = 700

How do I know when I need to start doing taxes?

Answers

Answer:

when you start working a regular job

Explanation:

Answer:

When you start working

Explanation:

A project manager is recommending corrective actions related to risk. which of the following processes is the project manager involved in?
A. Perform Integraled Change
B. Control Plan Risk Responses
C. Identify Risks D. Monitor Risks

Answers

A project manager is recommending corrective actions related to risk. The project manager involved in Control Plan Risk Responses.

The project manager is involved in the process of Control Plan Risk Responses. This process focuses on implementing the planned risk response strategies and taking corrective actions when necessary to address identified risks.

By recommending corrective actions related to risk, the project manager is actively monitoring and assessing the effectiveness of the implemented risk responses.

This process involves tracking identified risks, monitoring residual risks, and evaluating the overall risk management effectiveness throughout the project lifecycle. It ensures that the project remains on track and that risks are appropriately addressed to minimize their impact on project objectives.

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What role does product/service management play in marketing?.

Answers

Answer:

El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios

Explanation:

Answer:

✒️Answer:

Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.

Explanation:

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Sophia and Victoria spend their day at a daycare center while their mother goes to workPicking up her children after 6:30 results in a late fee of $5 per child for every 10 minutes the mother late Due to traffic the mother expects to be 20 minutes late. How much would she be willing to pay for a toll road that would get her to the daycare center on time? A) Any price less than $10.

B) Any price less than 20

C) She would not be to pay out of pocket to avoid traffic.

D) Any price less than 5$

Answers

Considering the situation described above, Sophia and Victoria's Mother would be willing to pay anything below $20.

There is a late fee of $5 per child for every 10 minutes the mother is late.

Also, given that the estimated time to be late is 20 minutes, that is $5 × 2 per child => $10.

And since there are two children involved (Sophia and Victoria), should the mother be late for 20 minutes, she would pay $10 × 2 (Child) => $20.

Hence, the mother would be willing to pay a toll road of anything less than $20 to get her to the daycare center on time. Otherwise, if the toll is more than $20, and she spent 20 minutes late, that's not economically wise.

Therefore, in this case, it is concluded that the correct answer is option B. "Any price less than $20."

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Cash is an _____.
A) asset
B) expense
C) none of the above

(question is from small business entrepreneurship A)

Answers

A. Asset

Explanation:

-asset is a useful or valuable thing

Choose the correct statement(s) regarding the Sarbanes-Oxley Act of 2002:
It established the Public Company Accounting Oversight Board (PCAOB).
It changed rules on auditor independence, adopting a more flexible, principles-based approach rather than one based on prohibitions of certain types of non-audit services to audit clients.
It mandated integrated audits for public companies.
Question 4 options:
A)
I, II, and III
B)
I and II only
C)
I only
D)
I and III only

Answers

The correct statement(s) regarding the Sarbanes-Oxley Act of 2002 are option D) I and III only.

The act established the PCAOB, which is a private-sector, nonprofit corporation that oversees the audits of public companies to protect investors' interests by promoting informative, accurate, and independent audit reports. The act also mandated integrated audits for public companies, which requires auditors to review and report on both financial statements and internal controls over financial reporting.

Overall, the Sarbanes-Oxley Act of 2002 is a significant piece of legislation that aimed to restore investors' confidence in the U.S. capital markets and improve corporate accountability and transparency.

Its provisions have had a lasting impact on the accounting and auditing profession, and it continues to shape the regulatory landscape for publicly traded companies in the United States.

Hence the right choice is option (d).

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While explaining the prospects of selling related to creating value, a seller refers to the collection of buyer-specific benefits as the _____.

Answers

While explaining the prospects of selling related to creating value, a seller refers to the collection of buyer-specific benefits as the customer value proportion.

What is a customer value proposition?

A customer value proposition serves as the statement that can be utilized in  convincing a customer to purchase its products.

In this case, While explaining the prospects of selling related to creating value, a seller refers to the collection of buyer-specific benefits as the customer value proportion.

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For a monopolist that does not price discriminate, economic profit is maximized in the short run at a price of $140. Marginal revenue at that output level is Group of answer choices equal to $140. greater than $140. less than $140. less than marginal cost. greater than average revenue.

Answers

it’s less than 140. so it would probably be “c “

A ________ program is one for which the recipient qualifies on the basis of ________.
Choose one answer.
a. means-tested; age
b. means-tested; income
c. social insurance; need
d. social insurance; income

Answers

A means-tested program is the one for which the recipient qualifies on the basis of income. Option B is correct.

A means-tested program is a social welfare program for which eligibility is determined based on an individual's income and assets. This means that only people who fall below a certain income or asset threshold are eligible for the program. Examples of means-tested programs include Medicaid, Supplemental Nutrition Assistance Program (SNAP), and Temporary Assistance for Needy Families (TANF).

In contrast, a social insurance program is a program that provides benefits to individuals based on their work history and contributions. Examples of social insurance programs include Social Security and Medicare.

The other two answer options - social insurance based on need and means-tested based on age - do not accurately describe any common social welfare programs in the United States.

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Agency problems are most likely to be associated with?

Answers

Agency troubles are most likely to be related with corporations. Agency troubles is the problem of  interest inherent between the interest of two party in a corporation.

What is corporation?

Corporation is the legal structure that creates with the laws and regulation of its state of incorporation. Specific states have the authority to make an effect of the law.

They can create, dismiss, organization and dissolution of any law within the state of corporation. Many states follow  the Model Business Corporation Act.

Thus, Agency troubles are most likely to be related with corporations.

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The equation calculates an annual rate in economics. startfraction final value minus initial value over initial value endfraction times 100 what rate does the equation calculate? employment rate inflation rate demand rate supply rate

Answers

The mentioned equation is applied to determine the inflation rate by dividing the difference between the final value and the initial value by the initial value and multiplying the resultant by 100.

What is inflation?

Inflation is the scenario where the prices of merchandise and services are rising at a very fast rate by reducing the purchasing power of people in an economy.

the rate of inflation can be determined by the following formula:

Given values:

Final value = F

Initial value = I

Now, \(\rm Inflation \ \rm rate=\frac{F-I}{I}\times100\)

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Answer:

b) inflation rate

Explanation:

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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Microeconomics is the study of the behavior of individuals and companies and the choices they make in the economy

Answers

Answer:

Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics

Which professional most likely has a doctoral degree in order to work in their field?

Marriage and Family Therapist
Counseling Psychologist
Substance Abuse Social Workers
Mental Health Counselors

Answers

the correct answer is b, counseling psychologist !

i did the test.

A counseling Psychologist is a professional who most likely has a doctoral degree in order to work in their field. Hence, option B is appropriate.

What is the meaning of a Psychologist?

Psychologists try to comprehend and justify people's actions, feelings, and thoughts. They create hypotheses about the thoughts and emotions that affect people using methods including observation, evaluation, and experimentation.

Psychologists are not doctors; psychiatrists are. Psychologists are unable to administer drugs; psychiatrists can. For complex and significant mental illnesses, psychiatrists diagnose illness, oversee therapy, and offer a variety of therapies. Psychologists concentrate on giving patients talk treatment or psychotherapy.

A trained mental health specialist with a Ph.D. is called a psychologist. This is where a psychiatrist and a psychologist vary from one another. While a psychologist concentrates just on a therapeutic approach to healing, a psychiatrist may prescribe medication.

Both mental health awareness and professional opportunities in psychology have grown. Psychology is a discipline that is expected to expand at a rate of 14% annually since it aids in understanding the root causes of problems in individuals rather than just addressing the symptoms.

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which country uses a franc as its basic monetary unit?

Answers

Answer:

Franc, originally a French coin but now the monetary unit of a number of countries, notably Switzerland, most French and former Belgian overseas territories, and some African states; at one time it was also the currency of France, Belgium, and Luxembourg.

When making a decison you should always go with your gut Instinct?
What makes the answer false?

Answers

Although, people say this is true it isn't. To make a correct decision you will need to think ahead. Consider the outcome of the situation and analyze the information you have to make a good decision. You don't always know what is right, this is why taking your time to make a decision is better.

Answer:

♡ greetings!  ♡

-- here's what i think is the answer

what makes the answer false is that your gut instinct is not always right. you shouldn't always go by what your gut is saying, you should think about it or listen to your heart. in some situations, maybe ask someone what you should do and what decision is best for you if your confused.

have a great day! ʕ •ᴥ•ʔ ♡

~ madeline/madi ✧・゚: *✧・ *:・゚✧*

Explanation:

which target market the Beetle’s makers and promoters were aiming at.

Answers

The target market for the new Beetle are people between 18-34 years old as well as baby boomers.

Who encouraged the Volkswagen Beetle's development?

A review of a German success story in this article. The Volkswagen Beetle was created by two individuals, Adolf Hitler and Ferdinand Porsche, and it was a massive undertaking.

Therefore, the Segmentation of the New Beetle People who are "psychologically young," individualistic, self-assured, and nonconformist should be the New Beetle's target market.

According to research, prospective New Beetle drivers exhibited traits including self-assurance, independence, and a desire to command attention. They enjoyed driving and valued German engineering and spirited designs.

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100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?

Answers

Answer:

With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.

Explanation:

a _________ is the contribution a part makes to the order and stability.
a) dysfunction
b) facade of legitimacy
c) symbol
d) function

Answers

A "function" is the contribution a part makes to the order and stability. So correct answer is function, which is option D.

A function refers to the role or purpose that a part or component serves in contributing to the overall order and stability of a system. In other words, it is the specific job or task that a part performs in order to help maintain the integrity and proper functioning of the whole.

Functions can be physical, such as the structural support provided by a building's foundation, or more abstract, such as the role of a law in maintaining a stable and just society. Understanding the functions of different parts is crucial in analyzing and improving complex systems, as it provides insight into how the system as a whole operates and how individual parts interact with each other.

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An auditor wants to determine whether sales transactions are recorded in the proper period. the document he or she will be most interested in is:________

Answers

An auditor wants to determine whether sales transactions are recorded in the proper period. the document he or she will be most interested in is bill of lading. A bill of lading is a document that a carrier (or their agent) issues to acknowledge receipt of cargo for shipping.

Although the phrase was previously limited to seaborne transportation, a bill of lading can now be used for any sort of commodities transportation. Bills of lading are one of three important documents used in international trade to ensure that exporters receive payment and importers receive goods. The other two documents are an insurance policy and an invoice.

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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