Question
Select one (1) product from the list below: Product List: Luis Vuitton Wallet Adidas Cricket Equipment San Pellegrino Sparkling Water Cadbury Dairy Milk Chocolate bar
- Select one (1) product from the list below:
Product List:
- Luis Vuitton Wallet
- Adidas Cricket Equipment
- San Pellegrino Sparkling Water
- Cadbury Dairy Milk Chocolate bar
- Instant Pot (electronic Cooker)
- Heinz Tomato Ketchup
- Ray-ban Sunglasses
- Rudsak Jackets
- Dairy Queen Ice cream cakes
Chosen Product:
2. Now, you should classify its distribution as "selective, exclusive or intensive", justifying why do you think this product has this type of distribution.
Type of distribution:
Why:
3. Apply the model below, justifying each phase (you can research or develop yourself):
Six Steps in Strategic Planning
- Define the type of business (corporate mission)
- Set long-run and short-run objectives
- Determine the customer market
- Devise an overall, long-run plan
- Implement an integrated strategy
- Evaluate and correct (fine-tune)
4. Now you should answer the questions below about a retailer that sells the chosen product.
- Name one (1) retailer that sells the product that you chose above.
- How is this retailer developing its customer database?
- How does this retailer is ensuring the win-win approach and the total retail experience?
5. General Question about the study of Retailing: What is the difference between institutional, functional and strategic approaches? Explain Briefly each one of them.
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