The Early ________ Cut Expenses by Offering Few Services and Operating

question 105

Multiple Choice

The early ________ cut expenses by offering few services and operating in warehouse-like facilities in low-rent, heavily traveled districts.

• A) department stores
• B) hypermarkets
• C) discount stores
• D) supermarkets
• E) full-service retailers

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Definitions:

Survival

The act of continuing to live or exist, often in spite of an accident, ordeal, or challenging circumstances.

Price Matching

A competitive strategy where a retailer promises to match lower prices offered by competitors on identical products to retain customers.

Bankruptcy

A legal process whereby individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Designer Denim Jeans

High-quality jeans marketed by notable fashion designers or brands, typically featuring unique designs, premium material, and a higher price point.