According to the ________ Concept,new Retailing Forms Often Begin as Low-Margin,low-Price,low-Status

question 27

Multiple Choice

According to the ________ concept,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.

• A) agent
• B) broker
• C) wheel-of-retailing
• D) warehousing
• E) product life cycle

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Definitions:

Challenging

Difficult and demanding in nature, requiring effort and determination to overcome.

Innovation

The act or process of introducing new ideas, devices, or methods.

Project Schedule

A timeline that outlines the planned dates for completing various tasks and milestones within a project.

Developing Methods

Techniques or approaches used in creating, implementing, or improving products, processes, or services.