Explain How do retailers add value to the products purchased by consumers?

  1. How do retailers add value to the products purchased by consumers?
  2. Is the current consumer purchase trend away from local retailers to “big box” stores or Internet sites a good or bad trend? Why?
  3. Why is Walmart the largest retailer in the world? What can it do to accelerate growth?
  4. From a customer’s perspective, what are the benefits and limitations of stores? Catalogs? Retailer websites?