Technology in Retail Merchandising

Front

What are the benefits of technology in retailing?

Back

Benefits include improved efficiency, better customer experience, and enhanced data analysis.

Front

What are digital pricing and inventory systems?

Back

Systems that automate pricing and inventory management using digital tools.

Front

What are the advantages of electronic payment for retailers?

Back

Faster transactions, reduced cash handling, and improved sales tracking.

Front

What are the disadvantages of electronic payment for retailers?

Back

Potential for fraud, transaction fees, and reliance on technology.

Front

How do technological changes impact a retailer's image?

Back

They can enhance or diminish a brand's perceived value and customer trust.

Front

What are various forms of digital retail technology?

Back

Examples include rewards programs and loyalty cards.

Front

What are the advantages of brick and mortar businesses?

Back

Personal interaction, immediate product access, and brand experience.

Front

What are the disadvantages of brick and mortar businesses?

Back

Higher overhead costs and limited reach compared to online businesses.

Front

What are the advantages of online businesses?

Back

Wider reach, lower operational costs, and convenience for customers.

Front

What are the disadvantages of online businesses?

Back

Lack of personal interaction and potential shipping delays.