Why Should a Retailer Be Concerned with Building a Sustainable

question 77

Multiple Choice

Why should a retailer be concerned with building a sustainable competitive advantage?

• A) It could affect merchandise planning
• B) It is the final step in developing the retail strategy
• C) It could result in long-term profitability
• D) They should not as other retailers would just duplicate the efforts
• E) The competition's advantage will stimulate the retailer's market

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Definitions:

Cognition, Behavior, and Performance

Related aspects of psychological processes, actions based on these processes, and their outcomes in various environments.

Socialization Process

The method by which individuals learn and adopt the values, norms, and behaviors required to function within a society or specific group.

Orientation

Orientation involves the introduction and acclimatization of new members to an organization, system, or set of beliefs, helping them understand their role and the organization's culture.

First Step

The initial action taken towards a particular goal or process.