ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Online
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Offline
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Multichannel
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Omnichannel
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Detailed explanation-1: -Multichannel retail is the practice of selling or listing products on more than one channel. The channels can be online platforms, physical locations or even a combination of both.
Detailed explanation-2: -Multichannel Retailing is the process of using multiple channels for selling similar products across different platforms. The platforms may be online and offline and the various channels may be brick and mortar store, online store, mobile store, mobile app store, etc.
Detailed explanation-3: -By definition, multichannel means “many channels” and omnichannel means “all channels.” Think of omnichannel marketing as covering your entire customer journey map, but multichannel marketing as narrowing down on a specific point A to point B.
Detailed explanation-4: -Brick-and-mortar. Traditional retail has always taken place in a physical or brick-and-mortar store location operated by the business. Direct-to-consumer e-commerce. Social media channels. Telephone orders. Catalogs. Online marketplaces. Omnichannel retail. Multichannel retail. More items •07-Apr-2022