As a Means of Creating a Differential Advantage,some Retailers Have

question 60

Multiple Choice

As a means of creating a differential advantage,some retailers have responded to their customers' needs by creating formats that emphasize low prices.Which of the following would fall into these formats?

• A) Hudson's Bay, Sears, and Winners
• B) Old Navy, Gap, and Banana Republic
• C) Sportchek, La Senza, and Canadian Tire
• D) Target, Walmart, and Costco
• E) Radio Shack, Moores, and Tip Top Tailors

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Definitions:

Molecular Thinking

An approach that focuses on the detailed examination and understanding of the components of a problem or system.

Inflexible Strategies

Business approaches or plans that are rigid and cannot easily adapt to changes in the market or environment, potentially leading to failure.

Nimble Tactics

Agile and adaptable strategies designed to respond quickly to change and capitalize on new opportunities.

Durability

The quality of being able to withstand wear, pressure, or damage; the ability of a product or material to last a long time without significant degradation.