Describe the stages of the retail life cycle. How is it like the product life cycle?
What will be an ideal response?
The retail life cycle, like the product life cycle, is a way to understand how retailers evolve. The retail life cycle allows the categorization of retail stores by the conditions they face at different points in the cycle. Like the product life cycle, the retail life cycle consists of an introduction stage, a growth stage, a maturity stage, and a decline stage.
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________ involves thinking ahead to create products that are easier to recover, reuse, recycle, or safely return to nature after usage, thus becoming part of the ecological cycle
A) Consumerism B) Design for environment C) Beyond greening D) Pollution control E) Pollution prevention
An organic farmer has identified three distinct groups who might be interested in his products: vegetarians, people who are concerned about chemicals in their foods, and people who consider themselves innovators and trendsetters
These three groups are examples of ________. A) marketing mixes B) market segments C) product mixes D) mass markets E) market positions