What factors determine how difficult it is for a manufacturer to persuade retailers to purchase its products? (Choose every correct answer.)
Question
What factors determine how difficult it is for a manufacturer to persuade retailers to purchase its products? (Choose every correct answer.)
Solution
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Product Quality: The quality of the product is a significant factor. If the product is of high quality, retailers will be more likely to purchase it because it will be easier for them to sell to consumers.
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Price: The price of the product also plays a role. If the product is priced competitively, retailers will be more likely to purchase it. However, if the price is too high, retailers may be hesitant to purchase the product as it may be difficult for them to sell it at a profit.
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Brand Reputation: The reputation of the manufacturer's brand can also influence a retailer's decision. If the brand is well-known and respected, retailers will be more likely to stock their products.
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Marketing Support: If the manufacturer provides strong marketing support, such as advertising and promotional materials, this can help persuade retailers to purchase their products.
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Demand: If there is a high demand for the product, retailers will be more likely to purchase it. Conversely, if there is little demand for the product, retailers may be hesitant to stock it.
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Relationship with the Manufacturer: If the manufacturer has a good relationship with the retailer, the retailer may be more likely to purchase their products. This could be due to previous positive experiences, trust, or beneficial terms of sale.
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Product Uniqueness: If the product is unique or innovative, retailers may be more interested in purchasing it to offer something different to their customers.
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Terms of Sale: Favorable terms of sale, such as return policies, credit terms, and delivery schedules, can also influence a retailer's decision to purchase a product.
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