To Successfully Position a Store, It

question 199

Multiple Choice

To successfully position a store, it:

• A)must have an identity that has some advantage over the competitors that is recognized by consumers.
• B)must be in an MSA with at least one other competitor in the same industry.
• C)should be located in either a strip location or in a regional shopping mall.
• D)must be in an area where the average per capita income meets or exceeds the national average.

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Definitions:

Manager-Managed

A management structure typically used in a Limited Liability Company (LLC) where one or more appointed managers are responsible for the company's day-to-day operations, as opposed to being member-managed.

Limited Liability Company

A business organization strategy that harmonizes the limited liability advantage of a corporation with the taxation simplicity of a partnership or sole proprietorship.

Operations Participation

The involvement or engagement in the ongoing activities or processes of an organization, project, or system.

Articles of Organization

A document filed with a state governmental entity to legally establish a limited liability company (LLC).