What is the first task of developing a retail strategy?
A) to define the target market
B) to decide what to buy
C) to define the pricing policies
D) to create a promotional strategy

Question

Quizplus · Accepted Answer

Defining the target market is the first task in developing a retail strategy because it helps to identify the needs and preferences of the customers and tailor the retail strategy accordingly. Understanding the target market is crucial for making decisions about buying, pricing, and promotional strategies.

What Is the First Task of Developing a Retail Strategy