Convenient operating hours are the most basic service a retailer should provide to a
customer.
A retailer’s maintained markup is usually lower than the retailer’s initial markup.
The most successful new retailing format introduced in the United States during the last
decade was the hypermarket.
‘Like grade and quality’ has been interpreted by the courts to mean identical physical
and chemical properties.
Too often, inexperienced retailers believe that taking a reduction is an admission of
error.
If the customer will never be profitable because of size, location, or other demands,
then that customer must be dropped.
Pricing policies are rules of action, or guidelines, that ensure uniformity of pricing
decisions within a retail operation.