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What are the five most popular methods of classifying retailers?

1) Census Bureau, inventory method, margin versus turnover, location, and size
2) Census Bureau, margin versus turnover, inventory method, channel system, and size
3) There is no single accepted method of classifying retail competitors.
4) Number of outlets, margin versus turnover, location, size, and inventory method
5) Number of outlets, Census Bureau, inventory method, location, and size

User Nunaxe
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Final answer:

Retailer classification typically involves the number of outlets, margin versus turnover, inventory method, location, and size. The Census Bureau conducts business censuses and retail sales surveys, while the Huff Model helps predict retail site performance.

Step-by-step explanation:

When considering the five most popular methods of classifying retailers, the options given combine a variety of elements, some of which are not traditional classification methods. It's important to note that the Census Bureau performs a detailed census of businesses and a monthly survey of retail sales, which affects national economic data. However, classifying retailers usually involves categories such as number of outlets, margin versus turnover, inventory method, location, and store size. These categories consider operational characteristics and strategic approaches in retailing, rather than relying on economic surveys alone.

The Huff Model from marketing geography is a specific analytical tool for retail site location analysis, which predicts customer shopping behavior based on store characteristics and competition. Lastly, the 'inventory method' mentioned refers to the management of inventories—goods produced but not yet sold, which are a small but telling part of a business's operations, potentially indicating its performance and consumer demand.

User Chandima
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