_____ Carry a Limited Line of High-Turnover,high-Priced Goods and Resemble

question 143

Multiple Choice

_____ carry a limited line of high-turnover,high-priced goods and resemble miniature supermarkets.These self-service stores are typically located near residential areas and are open long hours,seven days a week.

• A) Specialty stores
• B) Wholesale stores
• C) Convenience stores
• D) Factory outlets
• E) General stores

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Definitions:

Competitive Strategy

A plan to achieve a competitive advantage in the market, often by distinguishing one's products or services from those of competitors.

Industries and Markets

Sectors of the economy and the competitive environments in which businesses operate.

Restructuring Strategy

A corporate management term referring to the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable or better organized for its present needs.

Retrenchment

A corporate strategy that involves reducing the size or scope of a company's operations, often through layoffs or the sale of assets, as a way to become more financially stable.