Question

Which of the following is the standard definition of a retail ecosystem?

A. An interconnected system of approached for meeting the goal of retailing, which is to provide customers with the merchandise and services they want.
B. A group of stores that work together collaboratively to serve customers' needs.
C. A team of store employees who help each other.
D. A set of technological systems that work together in order to make sure all products in a retailer's inventory are tracked and accounted for.

Answer 1

The correct answer is A. An interconnected system of approaches for meeting the goal of retailing, which is to provide customers with the merchandise and services they want.

Step-by-step explanation:

The standard definition of a retail ecosystem is:

1. An interconnected system of approaches for meeting the goal of retailing, which is to provide customers with the merchandise and services they want.
2. A group of stores that work together collaboratively to serve customers' needs.
3. A team of store employees who help each other.
4. A set of technological systems that work together in order to make sure all products in a retailer's inventory are tracked and accounted for.