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Discuss the advantages and disadvantages of mail surveys.
Retail Outlets
Physical or online stores where goods are sold directly to consumers.
Automated Stores
Retail outlets that operate automatically without the need for human staff, relying on technology like vending machines and kiosks for customer transactions.
Retail Life Cycle
The process of evolution that retail outlets go through, mirroring the stages of the product life cycle, including introduction, growth, maturity, and decline stages.
Early Growth
The phase in a company or economy's development characterized by rapid expansion and an increase in market share.
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