A Retailer Increases Its Hours of Operation So That Customers

question 1

Multiple Choice

A retailer increases its hours of operation so that customers can shop for goods when it is convenient for them. What value does this represent?

• A) right position
• B) right product
• C) right place
• D) right time

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Definitions:

Nobel Prize-winning Economist

An economist who has been awarded the Nobel Prize in Economic Sciences for their contributions to understanding and advancements in economics.

Industrial Products

Goods produced and used in industrial processes, such as machinery, equipment, and raw materials.

Consumer Products

Goods sold directly to the end consumer for personal use, as opposed to being sold for further production or processing.

Detrimental Effects

Negative impacts or outcomes that result from a particular action or set of conditions.