Retailers can be categorized based on which of the following criteria?

Retailers can indeed be categorized based on a variety of criteria including pricing strategy, product assortment, and market segmentation, which allows for a comprehensive understanding of their operational focus and target market.

Pricing strategy refers to how retailers set their prices based on their cost structure, market conditions, and the perceived value of their offerings. For instance, retailers may adopt strategies such as discount retailing, premium pricing, or competitive pricing, all of which help define their market position and attract specific customer segments.

Product assortment involves the variety and type of products that a retailer offers. Different retailers may specialize in a narrow range of products, like specialty stores, or provide a wide assortment across various categories, like department stores. This classification informs consumers about what they can expect in terms of range and diversity when they shop at those venues.

Market segmentation pertains to how retailers identify and target specific groups of consumers based on demographics, preferences, or behaviors. For example, some retailers may focus on a niche market, while others serve broader audiences. This allows retailers to tailor their marketing strategies and product selections to meet the unique needs of different consumer segments.

By considering all of these criteria, one can better understand the complexities of retail operations and how different businesses position themselves within the marketplace. Thus,