In the context of retail operations models,unlike off-price retailers,specialty shops:
A)adopt an operating model that implies low prices for customers.
B)focus on lean inventory management.
C)can accommodate a broader range of customer demands.
D)de-emphasize customer service and product selection.

Question

In the context of retail operations models,unlike off-price retailers,specialty shops:
A)​adopt an operating model that implies low prices for customers.
B)focus on lean inventory management.​
C)can accommodate a broader range of customer demands.​
D)de-emphasize customer service and product selection.​

Quizplus · Accepted Answer

Unlike off-price retailers, specialty shops can accommodate a broader range of customer demands by offering a specific selection of products or services that cater to a niche market. They do not necessarily adopt a low-price operating model, but instead, focus on providing high-quality products and personalized customer experiences. While they do not necessarily carry a large inventory, they do emphasize on having a robust product selection and employing knowledgeable staff to provide excellent customer service. Therefore, option C is the best choice.

In the Context of Retail Operations Models,unlike Off-Price Retailers,specialty Shops