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:

Mentoring

The practice of providing guidance, advice, and support by a more experienced or knowledgeable person to help and encourage the development of another individual.

Vouchers

Certificates or coupons that can be exchanged for goods, services, or discounts, often used in educational and welfare policies.

Compulsory Education

A legal requirement that mandates children to attend school until a certain age or completion of a specific level of education.

Protestant Reformation

A religious movement in the 16th century that led to the creation of Protestantism, challenging the authority and practices of the Roman Catholic Church.