What is ownership based retailing?

Answer 1

Ownership-based retailing refers to a business model where customers purchase products outright, gaining full ownership and control over the items. This approach contrasts with subscription or rental models, where customers may only have temporary access to goods. Ownership-based retailing often emphasizes the value of long-term investment in quality products, allowing consumers to make decisions based on personal preference and usage needs. It can foster brand loyalty, as customers are more likely to return to a trusted retailer for future purchases.