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Description
SESSION | APRIL 2024 |
PROGRAM | BACHELOR OF BUSINESS ADMINISTRATION (BBA) |
SEMESTER | V |
COURSE CODE & NAME | DBB3124- VISUAL MERCHANDISING |
Assignment Set – 1
- Define Visual Merchandising. Explain any five components of Visual Merchandising.
Ans 1.
Visual Merchandising
Visual Merchandising (VM) refers to the practice of optimizing the presentation of products and services to highlight their features and benefits with the aim of engaging customers and boosting sales. It is a crucial aspect of retail strategy that combines elements of marketing, design, and psychology to create environments that appeal aesthetically and emotionally to a target audience. This strategy leverages the visual sense to influence consumer behavior and can be seen in everything from window displays to the layout of products within a store.
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- Explain the lifecycle of Visual Merchandising
Ans 2.
The lifecycle of Visual Merchandising (VM) encompasses several stages, each integral to the effective implementation and ongoing success of retail displays and strategies.
Planning Phase
This lifecycle begins with the initial planning phase, which involves comprehensive market research and understanding the brand’s goals and target audience. During this phase, visual merchandisers gather data on consumer behavior, current market trends, and competitors. This information is
- Explore the potential challenges along with suggested remedies in Visual Merchandising
Ans 3.
Visual Merchandising (VM) is a vital aspect of retail strategy, but it comes with its own set of challenges. Addressing these challenges effectively is crucial for maximizing the impact of VM on sales and customer satisfaction. Here are five common challenges along with suggested remedies:
1 Keeping Up with Trends: One of the major challenges in VM is staying current with ever-changing market trends and consumer preferences. Retail environments need to be updated frequently to reflect the latest
Assignment Set – 2
- Elaborate on the various growth phases of Visual Merchandising
Ans 4.
Initial Phase: The Foundation of Visual Merchandising
The journey of Visual Merchandising (VM) began in the late 19th and early 20th centuries as retail started to modernize. Initially, VM focused on basic store layouts and straightforward window displays that aimed to attract customers by showcasing products in an appealing manner. This phase was characterized by simplicity and functionality, with the main objective of drawing customers into stores.
Second Phase: Brand
- Describe the scope of Visual Merchandising in Indian context
Ans 5.
In India, Visual Merchandising (VM) has emerged as a vital component of the retail strategy, reflecting a blend of traditional aesthetics and modern retail dynamics. The country’s rich cultural diversity and rapidly expanding retail sector provide a unique backdrop for the evolution and application of VM practices. With India’s retail environment becoming increasingly competitive, VM plays a crucial role in attracting and retaining customers by enhancing the shopping experience
- Explain the prime objectives of Visual Merchandising by taking an example.
Ans 6.
Visual Merchandising (VM) serves multiple objectives in the retail environment, primarily aimed at enhancing the customer experience, maximizing sales, and strengthening the brand identity. To illustrate these objectives, let’s consider the example of a well-known retail clothing store.
Attracting Customers