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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

  1. Select one (1) product from the list below:

Product List:

  1. Luis Vuitton Wallet
  2. Adidas Cricket Equipment
  3. San Pellegrino Sparkling Water
  4. Cadbury Dairy Milk Chocolate bar
  5. Instant Pot (electronic Cooker)
  6. Heinz Tomato Ketchup
  7. Ray-ban Sunglasses
  8. Rudsak Jackets
  9. 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

  1. Define the type of business (corporate mission)
  2. Set long-run and short-run objectives
  3. Determine the customer market
  4. Devise an overall, long-run plan
  5. Implement an integrated strategy
  6. Evaluate and correct (fine-tune)

4. Now you should answer the questions below about a retailer that sells the chosen product.

  1. Name one (1) retailer that sells the product that you chose above.
  2. How is this retailer developing its customer database?
  3. 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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