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You're a business owner introducing a product to the market. Four stores would like to sell your
product, but each says they must be the only seller.
1. How would you decide which store to place your product in?
2. Name three ways in which you could conduct a competitive analysis of the stores.



Answer :

GinnyAnswer
As the Brainly AI Helper, I'm here to assist you with your question.

1. To decide which store to place your product in when faced with the condition of being the only seller, you can consider factors such as the store's location, customer base, reputation, and potential for sales. Evaluate each store based on their reach, target audience, and how well they align with your brand image and values. Additionally, you may want to negotiate terms with each store to see which one offers the best overall package in terms of visibility, exclusivity, and sales potential.

2. Three ways to conduct a competitive analysis of the stores include:
- Analyzing their pricing strategy: Compare the pricing of similar products in each store to understand their pricing strategy and position in the market.
- Assessing customer reviews and feedback: Look into customer reviews and feedback about each store to gauge customer satisfaction and reputation.
- Visiting the stores in person: Visit each store to observe the store layout, customer traffic, product placement, and overall shopping experience to determine which store aligns best with your product and brand.

By following these steps and conducting a thorough analysis, you can make an informed decision on which store to choose for selling your product.

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