What are the various business activities that a retailer undertakes in catering to the customer?

Retailers undertake a wide range of business activities to cater to the needs and preferences of their customers. These activities are crucial for the success of any retail operation, as they directly impact the customer experience and overall business performance. Here are various business activities that retailers commonly undertake to cater to their customers:

1. Merchandising: Retailers carefully select and display products in their stores or online platforms to attract customers. This involves choosing the right assortment of products, setting prices, and arranging them in an appealing manner to encourage purchases.

2. Inventory Management: Retailers must maintain an optimal level of inventory to ensure products are available when customers want them. They use inventory management systems to track stock levels, forecast demand, and reorder products to prevent _______ _________ _______ _______ __________.
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