sales-outlets

Vocabulary Word

Definition

'Sales outlets' are any places or channels where a company sells its goods or services. They can be spread geographically and operate in different areas, or on the Internet.

Examples in Different Contexts

In retail expansion, 'sales outlets' refer to the physical or online stores where a company's products are sold. A retail strategist might plan, 'We aim to increase our market presence by opening 20 new sales outlets in key metropolitan areas this year, enhancing our brand visibility and accessibility.'

Practice Scenarios

Marketing

Scenario:

Our competitor has recently launched a new mobile shopping app and it's gaining traction in the market. We need to keep up with this trend.

Response:

Developing our own shopping app could indeed expand our digital sales outlets and help us compete.

Operations

Scenario:

Lately, there have been some discrepancies in inventory levels across our stores. It's impacting our sales negatively.

Response:

We should look into implementing an automated inventory system across all our sales outlets to maintain consistent stock levels.