Historical Approach to Contemporary Retail Change Quiz

<p>Bliss's theory</p> Signup and view all the answers

<p>Shewhart Cycle</p> Signup and view all the answers

<p>Plan, Do, Check, Act</p> Signup and view all the answers

<p>A report on consumer spending, important as an indicator of the US GDP.</p> Signup and view all the answers

<p>Offering a combination of acts and elements to fulfill consumer needs and desires.</p> Signup and view all the answers

<p>To highlight the broad range of products they offer despite their name.</p> Signup and view all the answers

<p>Retailers focus more on consumer satisfaction than product quality.</p> Signup and view all the answers

<p>It emphasizes the increasing complexity and sophistication of managing retail businesses.</p> Signup and view all the answers

<p>To examine changes in consumer preferences and shopping habits over time.</p> Signup and view all the answers

<p>The narrowing of the assortment within each merchandise category</p> Signup and view all the answers

<p>The conflict between conventional stores, low order innovators, and high order stores drives retail change</p> Signup and view all the answers

<p>Retailers always enter the market as low price, low service and low margin operators and eventually trade up</p> Signup and view all the answers

<p>It attempts to develop a synthetic approach by using marketing models to explain retail change</p> Signup and view all the answers

<p>Retailers alternate between serving consumers predominantly with &quot;general&quot; shops and &quot;specialty&quot; shops</p> Signup and view all the answers

<p>Retail change is driven by the conflict between conventional stores, low order innovators, and high order stores</p> Signup and view all the answers