Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Select one of your favorite retailers. Research the following topics in detail with thoroughness and completion, and include into a typed minimum 4 page report.
Select one of your favorite retailers. Research the following topics in detail with thoroughness and completion, and include into a typed minimum 4 page report. In addition, you will need to include a works sited page.
- Founder of the company (who, what, where, when, why, how, etc. not just someone's name)
- Explain the history of company expansion
- Types of inventory carried or produced (it's your favorite for a reason, so tell me what and why)
- Pricing strategies
- Promotional strategies and unique advertising or promotions (offer specifics, details of ads, even a copy of the ad in your paper works here, only if it adds value to your dialogue, not just filler)
- Identify the target market for this retailer (demographics, VALS, psychographics, all in detail, go to the store, do a little bit of field research and describe who these people are, etc.)
- Why do you believe this retailer has been successful (offer "supported" opinion here, not just "they make a good burger!")
- How do you personally feel toward this retailer (why do you shop here, why are you part of their target, or even if you are not part of their target, why you shop there anyway, why do you think other people shop there, those types of things)
- What do you predict regarding the future success of this retailer (what are doing right or wrong, where can they improve, does the business stay static or change or whole new consideration of who they are?)
- Anything that you find interesting about your favorite retailer!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started