BUSINESS ADMINISTRATION
RETAIL MARKETING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -Exclusivity refers to a situation in which a particular retailer is the only one allowed to resell a particular supplier’s goods. This relationship offers several distinct advantages to a retailer. As an alternative, some retailers make their own branded goods for sale in stores.
Detailed explanation-2: -very expensive, and therefore available only to people who have a lot of money. an exclusive shop/restaurant/neighbourhood.
Detailed explanation-3: -Something that is exclusive is used or owned by only one person or group, and not shared with anyone else.
Detailed explanation-4: -store-brand | Business English a product that has the name of the store where you buy it, rather than a name used by the company that made it: Unlike national brands, store brands can lower their prices and still be profitable.