What Changes Do Big-Box Stores Need to Make?

What Changes Do Big-Box Stores Need to Make?

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses the challenges and adaptations of big box retailers in the face of increasing online shopping trends. It highlights the necessity for these retailers to integrate the internet into their business models, potentially turning stores into showrooms. The impact of Apple Pay on retail is questioned, and the shift in consumer buying habits towards online platforms is examined. The convenience of free returns offered by online companies is noted, along with the trend of early holiday shopping.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some strategies that big box retailers can adopt to compete with online shopping?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact does Apple Pay have on the shopping experience for consumers?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do big box retailers face in adapting to the rise of online shopping?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How has consumer buying behavior changed in relation to online shopping?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways do free returns offered by online retailers influence consumer choices?

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