Copyright

Ch 2: Strategic Retail Perspectives

About This Chapter

This chapter helps you quickly study a variety of strategic retail perspectives. Use any computer or mobile device to review these short and engaging lessons for business exams, assignments or your own professional development.

Strategic Retail Perspectives - Chapter Summary

Take a look at this self-paced online chapter to study a variety of strategic retail perspectives. Broken into a series of short and fun lessons, this chapter explores the retail lifecycle, stages of economic development and the effects of globalized business on retail. To strengthen your understanding of the information, we've included short quizzes throughout the chapter. You'll also be able to submit questions to our subject matter experts if you need any extra help with the chapter topics. When you're finished, you should be able to:

  • Explain the importance of the global environment
  • Describe the globalized retail environment
  • Outline all five economic development stages
  • Provide examples of retail inflection points
  • Define the retail lifecycle
  • Assess the impact of the retail lifecycle's decline
  • Explain how cultural norms can impact global businesses

6 Lessons in Chapter 2: Strategic Retail Perspectives
Test your knowledge with a 30-question chapter practice test
The Global Environment: Definition & Importance

1. The Global Environment: Definition & Importance

The global environment can have a major impact on how a company operates. This lesson defines the global business environment and describes the risks and benefits of operating within the global environment.

Five Stages of Economic Development

2. Five Stages of Economic Development

Countries and their economies develop at different rates, depending on a number of factors. In this lesson, we'll discuss Rostow's five levels of economic development and look at other systems used to track economic development.

Inflection Point in Retail: Definition & Model

3. Inflection Point in Retail: Definition & Model

An inflection point in retail means that change is on its way! In this lesson, you'll learn more about what an inflection point is and how accelerators and disruptors play a critical role in inviting or forcing change.

The Retail Lifecycle: Definition & Examples

4. The Retail Lifecycle: Definition & Examples

The retail lifecycle is like the human life cycle: it consists of different stages that correspond to different experiences. In this lesson, you'll learn more about the retail lifecycle and its stages and explore some examples of businesses at each stage.

Decline in the Retail Lifecycle: Definition & Impact

5. Decline in the Retail Lifecycle: Definition & Impact

When retailers dip into the decline stage of the retail life cycle, it's because they've fallen into one of the four major failures that typically precede it. In this lesson, learn more about these causes of business decline.

Impact of Cultural Norms on Global Businesses

6. Impact of Cultural Norms on Global Businesses

Cultural norms can greatly impact how a company operates in the global environment. This lesson will discuss how cultural norms can influence business strategies and performance.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support