Retailers provide value to product manufacturers byMultiple Choicedistributing marketing research about competitors.making it convenient to sell small quantities of goods to retailers.allowing manufacturers to focus on product development and production.supplementing the cost of transportation services provided by manufacturers.letting manufacturers sell products directly to consumers.

Which of these are ADVANTAGES that consumers enjoy when buying from retailers? (Select 3)*2 pointsRetailers offer goods at lower prices than wholesalers.You can buy a wider variety of goods at a retailer.You don't have to buy a 10 kg bag of sugar at a retailer, you can buy smaller amounts as well.Retailers are closer to where people live, it is more practical to shop there.

In a business context competition:YOUR ANSWERYour Answeris a sign that consumers value the product and are willing to pay a premium to obtain the product.is the ability of a business to reach customers in new or existing markets

What factors determine how difficult it is for a manufacturer to persuade retailers to purchase its products? (Choose every correct answer.)

The important characteristics of retailers are the same in every industry.True false question.TrueFalse

Typically, who determines the product's or service's value in relationship to that of its close competitors?Multiple choice question.RetailersCustomersMarketersManufacturersSuppliers