Respuesta :
(C) Failure to conduct a competitor analysis is a likely reason for a retailer to close its stores when challenged by a new retailer such as Aldi.
Who is a retailer?
- Retail is the sale of goods and services to people, as opposed to wholesale, which is the sale to businesses or institutions.
- A retailer buys in bulk from manufacturers, either directly or through a wholesaler, and then sells in smaller amounts to consumers for a profit.
- Top Retailing Issues & Challenges Today:
- Consumers Prefer Multichannel Purchasing Experiences.
- Customers Expect a Convenient Experience.
- Retailers Need a Standout Experience to Attract Customer Loyalty.
- Failure to conduct a competitor analysis.
- There are numerous technologies available to drive marketing and sales, but they do not appear to work in tandem.
Therefore, (C) Failure to conduct a competitor analysis is a likely reason for a retailer to close its stores when challenged by a new retailer such as Aldi.
Know more about retailers here:
brainly.com/question/25376778
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Complete question:
Which of the following is a likely reason for a retailer to close its stores when challenged by a new retailer such as Aldi?
a. Poor business practices
b. Failure to support its customers
c. Failure to conduct a competitor analysis
d. Poor product selection
