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Explain the Concept of Bifurcated Retailing and How This Trend

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Essay

Explain the concept of bifurcated retailing and how this trend has affected department stores.


Definitions:

Invalid Statement

A declaration or assertion that is not logically or factually sound.

Syllogism

A form of reasoning in which a conclusion is drawn from two given or assumed propositions (premises); a common form of logical deduction.

Participants

Individuals who take part in something, especially in an experiment or study.

Decision Making

The cognitive process of selecting a course of action among several alternatives to achieve a desired outcome.

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