Predicting Success for Upcoming Retail Products


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What two things does experiential consumption merge?

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1. Retailers can predict future market trends by paying attention to all of these elements EXCEPT which?

2. Data, including ages, genders, ethnicities and income, can be useful for retailers' future success. This information is known as what?

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About This Quiz & Worksheet

When you feel ready, you can take this quiz on predicting the success for upcoming retail products. See what you know about fundamental topics like the two things that are merged by experiential consumption and the elements retailers can use to predict future market trends.

Quiz & Worksheet Goals

Find out how much you know about the following:

  • Term for research data like gender, ethnicity and age that retailers use to predict future success
  • Characteristic of direct selling
  • Shift from selling products that creates an area of opportunity

Skills Practiced

  • Reading comprehension - make sure you understand the most important information from the lesson on predicting the success for upcoming retail products, like the elements that are associated with predicting future market trends
  • Knowledge application - use your knowledge to answer questions about direct selling and research data
  • Information recall - access the knowledge you've gained regarding experiential consumption

Additional Learning

If you want to continue learning about the subject of predicting future market trends, then feel free to explore the lesson named Predicting Success for Upcoming Retail Products. You can use these points of study as a guide:

  • Target as a retailer that predicts its own success
  • Grocery stores' adjustment of sales practices
  • Allowing customers to interact with products before they make a purchase
  • Goal of multichannel retailing
  • Transition of PetSmart to stay competitive within its market
  • Coach's approach to direct selling