The Best Way for a Retailer to Develop a Sustainable

question 41

Multiple Choice

The best way for a retailer to develop a sustainable competitive advantage is to

• A) concentrate on finding the best location.
• B) concentrate on having the lowest prices in town.
• C) develop a good distribution system.
• D) rely on multiple approaches.
• E) maintain good vendor relations.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly associated with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Stimulus

In traditional conditioning, a stimulus that instinctively and automatically elicits a response without previous learning.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without any prior learning or conditioning.

Unconditioned Stimulus

Within classical conditioning, a stimulus that inherently and spontaneously provokes a response with no prior learning required.