Family Restaurants Have Evolved From

question 43

Multiple Choice

Family restaurants have evolved from:

• A)coffee shops
• B)steak houses
• C)ethnic restaurants
• D)dinner houses

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Definitions:

Economical

Pertaining to efficient use or management of resources to prevent wasteful expenditures.

Wheel of Retailing

is a concept that illustrates how new retailing forms often start at a low price point with minimal services before evolving into more established forms with higher costs and services.

Competitive Foothold

A strategic position obtained by a company in a market that gives it an advantage over its competitors.

Wholesalers

Entities that sell products in large quantities, typically to retailers or other intermediaries, rather than to the final consumer.