Sam Walton Chose a Very Different Strategy for Locating His

question 42

Multiple Choice

Sam Walton chose a very different strategy for locating his Wal-Mart discount stores than did his rivals in the 1960s.Specifically,Walton chose to locate his stores in cities that were much smaller than locations chosen by his rivals.Walton believed that once he located a store in these smaller communities,there would be no incentive for a rival discount retailer to build another store in the community.This is an example of ________.

• A) a game tree
• B) vengeance
• C) Commitment
• D) first-mover advantage

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Definitions:

Unauthorized Parties

Individuals or entities that are not officially permitted or allowed to participate in a specific event, action, or legal contract.

Unemployment Compensation

Government-provided financial assistance to individuals who are unemployed through no fault of their own, intended to support them temporarily while they seek new employment.

Drug Testing

The process of examining biological specimens to detect the presence of specific drugs or their metabolites, commonly used in workplaces and sports.

Reasonable

A standard of what is fair, appropriate, or sensible under the circumstances, often used to assess behavior or decisions.