Leroy Owns a Small Hardware Store That Is Known for Its

question 73

Multiple Choice

Leroy owns a small hardware store that is known for its high level of customer service. A large chain home improvement store has just opened up in his community. Which of the following would BEST help Leroy deal with his new competitor?

• A)Pay his employees "under the table" to avoid costly payroll taxes and keep prices lower.
• B)Close the business, since small stores cannot compete effectively with chain stores.
• C)Advertise aggressively to increase consumer awareness of his reputation for service.
• D)Move his store in order to be farther away from the large store.

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Definitions:

Prairie Grasses

Are grasses native to the prairies of North America, known for their adaptability to variations in climate and soil, serving as a crucial component of the ecosystem.

Evolutionary Process

A gradual development mechanism in biological organisms over generations through natural selection and genetic variation.

Limiting Resource

A resource that is in shortest supply, thus limiting the growth, abundance, or distribution of an organism or a population of organisms.

Resource Partitioning

The process by which competing species use the environment differently in a way that helps them to coexist.