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.
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What differentiates small-scale retailers from larger retailers?
Extensive product offerings.
Focus on global market expansion.
Niche market specialization.
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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.
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How do small-scale retailers adapt to market changes?
By maintaining standardized operations.
By offering extensive product variety.
By leveraging personalized customer service.
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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.
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What role does niche markets and specialization have to play in the survival of small scale retailers ?
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What role does niche community support and trust have to play in the survival of small scale retailers ?
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