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What Are the Two Categories of Retail Stores Based on Breadth

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Essay

What are the two categories of retail stores based on breadth of products offered, and what types of stores are in each category?


Definitions:

Economic Responsibility

The obligation of organizations to make decisions that positively impact the economic environment in which they operate, including considerations of sustainability and ethical business practices.

Socially Responsible Corporate Behaviour

Acts by businesses that go beyond economic and legal expectations to positively impact society and the environment.

Economic Responsibility

An entity's accountability for its impact on economic systems, including sustainable financial practices and contributions to economic development.

Goods and Services

Denote the tangible products and intangible offerings that fulfill the needs or wants of consumers, provided by businesses or individuals.

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