Q 1. How do retailers add value to the products purchased by consumers?3. Why is Walmart the largest retailer in the world? What can it do to accelerate growth?
Retailers ensure that they focus and concentrate on the function as well as on the quality of a particular product. This is because retailers display different products in different sections in the retail stores. The placement of the various products in the retail stores is based on the usage and the utility or the function of each of the products. Therefore, the customers can easily get to know about the type of product they want to buy from a retail store as the retail store keeps everything segregated and separated or classified for the global consumers to come and conveniently choose, locate, find out and look for their desired products in the retail stores. Retailers also add value to the products purchased by consumers by providing effective and efficient after-sales services to the global consumers.
