Question

A retailer who has already done a great job of developing a strategy should?

1) also be aware of changes on the national retailing scene, but need not concern itself with local changes
2) need not worry what competitors are doing
3) never be seen visiting a competitor's store
4) make sure that its fixed costs exceed its variable costs
5) always remember that no retailer can ever design a strategy that will totally insulate it from the actions of competitors

Answer 1

A retailer who has already done a great job of developing a strategy should always remember that no retailer can ever design a strategy that will totally insulate it from the actions of competitors.

Step-by-step explanation:

A retailer who has already done a great job of developing a strategy should always remember that no retailer can ever design a strategy that will totally insulate it from the actions of competitors. Competition in the retail industry is inevitable and can have a significant impact on a retailer's success.

While it is important for a retailer to have a well-developed strategy, it is equally important to be aware of changes on the national retailing scene and to keep an eye on what competitors are doing. Visiting a competitor's store can provide valuable insights into their strategies and can help a retailer stay competitive in the market. By understanding the actions of competitors, a retailer can adjust its own strategy and make necessary changes to stay ahead.