Multiple choice general knowledge sports

Information acquired through market research is needed by the retailer

  1. Only before setting up a retail store

  2. Before and after setting up a retail store

  3. For determining the location of the retail store

  4. Determining the merchandise to be stocked in the store
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Market research information is needed continuously - both before setting up a retail store (for location, merchandising, understanding competition) AND after (to track customer satisfaction, monitor competition, adapt to changing preferences). It's an ongoing process, not a one-time activity.

Keep practicing — related questions