Because Many Consumers Choose Stores Based on Proximity to Their

question 9

Multiple Choice

Because many consumers choose stores based on proximity to their workplaces or homes, great locations are

• A)difficult to define.
• B)more important than great products.
• C)always situated near supply chain members.
• D)a competitive advantage that few rivals can duplicate.
• E)almost always locations next to big-box discounters.

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Definitions:

Potential Opportunities

Possible circumstances or developments that offer the chance for progress or success.

Practical Constraints

Limitations arising from real-world conditions that affect the feasibility of a project or action.

Decision Maker

An individual or group responsible for making choices that determine the course of actions in various situations or organizations.

Sunk Cost

Sunk Cost represents money that has already been spent and cannot be recovered, often considered irrelevant to future economic decisions.