The Four Aspects of Retail Strategy Mix

abhishreshthaa

Abhijeet S
A retail firm must identify the characteristics, needs and attitudes of consumers and then devise an appropriate target market plan. It must consider the demographics, lifestyles, consumer profiles, shopping attitudes, decision making process of its target market.


Comprises of 4 aspects:

 Merchandise management


 Business location


 Retail Pricing


 Promotional strategy.
 
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