Reasons for survival or small scale retailers. - SS1 Commerce Past Questions and Answers - page 1
What is a key advantage of small-scale retailers?
Access to extensive resources and capital.
Ability to offer lower prices than larger retailers.
Personalized customer service.
What differentiates small-scale retailers from larger retailers?
Extensive product offerings.
Focus on global market expansion.
Niche market specialization.
Why do small-scale retailers enjoy community support?
They offer lower prices than larger retailers.
They are seen as integral parts of the local economy.
They have extensive resources and capital.
How do small-scale retailers adapt to market changes?
By maintaining standardized operations.
By offering extensive product variety.
By leveraging personalized customer service.
What advantage do small-scale retailers have in terms of pricing?
They can always offer lower prices than larger retailers.
They can access extensive resources and capital for pricing strategies.
They focus on cost-effective marketing strategies.
What role does niche markets and specialization have to play in the survival of small scale retailers ?
What role does niche community support and trust have to play in the survival of small scale retailers ?