ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The price of bikes will be higher.
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The store owner will sell more bikes.
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Fewer people will shop in the store.
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The supply of bikes will go up.
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Detailed explanation-1: -According to the National Bicycle Dealers Association the (gross) profit margin for bike-related goods is 49.7% and 43% for sportswear and clothing.
Detailed explanation-2: -Find Your Niche. Set a Steady Schedule. Create a Sales Forecast. Understand the Trends. Final words. 24-Sept-2020
Detailed explanation-3: -Make Your Bike Shop Unique. Like any competitive retail field, it’s important that your business stand out from the rest. Give Your Customers a Service. Be a Part of the Community. Provide Excellent Customer Service. Get the Right Technology and Bike Shop POS System. Add Multiple Verticals to Your Cycling Shop. 26-Feb-2019
Detailed explanation-4: -To Do Before you Sell a Bike. There are a few ‘must do’ things before you sell your bike. Friends & Locals. Craigslist. Used Gear/Consignment Stores. Online Forums. Online Classifieds. ebay. ’Do It For You’ Online Companies. 04-Jan-2016