According to Your Text,consumer Interest in Lower Prices and ______

question 38

Multiple Choice

According to your text,consumer interest in lower prices and ______ are the two things driving strategic issues in 21-century retailing.

• A)brand loyalty
• B)global retailing
• C)a focus on product quality
• D)intensified competition
• E)a focus on sustainability

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Definitions:

Production

The method of producing goods and services by merging labor, land, and capital.

Capital Stock

The total amount of physical goods and financial assets that contribute to the production of goods and services in an economy.

Intangible Assets

Non-physical assets such as patents, copyrights, brands, and goodwill that have value for a business.

Inventories

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.