Discount Stores Are Retail Chains That Compete on the Basis

question 20

Essay

Discount stores are retail chains that compete on the basis of low prices,high turnover,and high volume.Name and briefly describe four types of discounters,and give an example of each type.

---

Definitions:

Social Learning Theory

A theory proposing that new behaviors can be acquired by observing and imitating others.

Vicarious Experience

Experiencing something indirectly, through another person's experiences, rather than directly through one's own actions.

Learning

The process through which experience causes a change in knowledge, behavior, or potential behavior.

Rewarded Behaviour

A consequence or incentive given to promote a desired action or conduct.