While Many Retailers Like the Concept of Multiple Entrances for Generating

question 89

Multiple Choice

While many retailers like the concept of multiple entrances for generating customer traffic,they are concerned that multiple entrances may ________.

• A) increase the risk of pilferage
• B) generate an additional flow of customer traffic
• C) result in higher insurance costs
• D) be detrimental in case of earthquakes or fires

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Definitions:

Process Innovation

Refers to the implementation of a new or significantly improved production or delivery method.

Product Innovation

The process of developing and bringing a new product or an improved version of an existing product to the market.

Economics of Scale

Benefits in cost efficiency that organizations achieve through their operation size, leading to reductions in unit cost as the scale grows.

Diffusion

The process by which an innovation, idea, or trend spreads within a population or from one society to another.