The Best Way for a Retailer to Develop a Sustainable

question 26

Multiple Choice

The best way for a retailer to develop a sustainable competitive advantage is to:

• A)concentrate on finding the best location
• B)concentrate on having the lowest prices in town
• C)develop a good distribution system
• D)rely on multiple approaches to build as high a wall around its position as possible
• E)maintain good vendor relations

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Definitions:

Wages

Compensation paid to employees based on the hours worked or tasks completed, typically on a regular basis such as hourly or weekly.

Right Of Action

A legal right to commence a lawsuit.

Sold

A term indicating that an item, asset, or property has been transferred from one party to another in exchange for money or other compensation.

Defaults

Situations where a party fails to fulfill their obligations as specified in a contract or agreement.