Target is a large retailer with which you are familiar. Target has a reputation

Question

Target is a large retailer with which you are familiar. Target has a reputation for merchandising thousands of inexpensive yet chic products for the home, including apparel, furniture, electronics, sporting goods and toys. Management is looking into opening stores in major European cities but due to limited floor space, it is unable to offer all of its usual products. You have been hired as a consultant to decide which products to offer. What criteria would you apply to decide which products? Which products would you definitely offer...and which not.

Explanation / Answer

Limited floor space is the major concern for Target and therefore they are unable to offer all of it's usual products, as a consultant my tole would be to decide the products they would be offering and why are they offering the same. The parameters that are important in this context are profit margin of a particular product, demand of the product in the industry, quality of the product offered and the space required to accommodate the product. Collectively all these parameters need to be evaluated and then the decision needs to be made so that the appropriate products are selected and ffered to the industry.

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