MANAGEMENT

Detailed explanation-1: -96) Full-service stores usually carry more specialty goods for which customers need or want assistance or advice. 97) In recent years, convenience stores have redesigned their stores to closely focus on serving their primary target market made up of young, blue-collar men.

Detailed explanation-2: -Merchandising, broadly speaking, refers to any entity that engages in selling a product. Under this definition, there are two types of merchandising companies, namely retail and wholesale. Retailers sell their products directly to consumers, while wholesalers buy from manufacturers and sell to retailers.

Detailed explanation-3: -A merchandising company resells finished goods (inventory) produced by a manufacturer (supplier) to customers. Some examples of merchandising companies include Walmart, Macy’s, and Home Depot.

Detailed explanation-4: -A merchandising firm is a business that purchases finished products and resells them to consumers. Consider your local grocery store or retail clothing store. Both of these are merchandising firms.