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According to the ________ hypothesis, new retailing forms often begin as low-margin, low-price, low-status operations to challenge established retailers; then become successful; and eventually take the place of the established retailers they had challenged.
Parent Company
A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.
Contractual Arrangement
An agreement between entities to do or not do specific things, legally binding and enforceable.
Forward Integration
A business strategy where a company gains ownership or increased control over its distributors or retailers.
Apple
A leading technology company known for its innovation in consumer electronics, software, and services.
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