"Organized Retail" Is a Term Used to Describe

question 91

Multiple Choice

"Organized retail" is a term used to describe:

• A)modern chain stores.
• B)grocery stores.
• C)local retail chains.
• D)supermarkets.
• E)hypermarkets.

---

Definitions:

Cost-Leadership Strategy

A business strategy aimed at achieving the lowest operational costs within an industry to offer products or services at lower prices than competitors.

Competitive Advantage

A unique attribute or set of attributes that allows an organization to outperform its competitors, often leading to greater sales or market share.

Henry Ford

An American industrialist and founder of the Ford Motor Company, who revolutionized factory production with his assembly-line methods.

Automobile Industry

The global industry involved in the design, development, manufacturing, marketing, and selling of motor vehicles.