The Best Way for a Retailer to Develop a Sustainable

question 43

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) maintain good vendor relations
• E) utilize multiple approaches to build as high a wall around its position as possible

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Definitions:

21st-Century

Pertains to the current century, starting from the year 2001 to the present, characterized by rapid technological advancements and globalization.

Academy Award

Prestigious annual awards presented by the Academy of Motion Picture Arts and Sciences, recognizing excellence in cinematic achievements in the film industry.

Bombing Raids

Military attacks that deploy aircraft to drop bombs over enemy territory, often targeting military installations, industrial sites, or civilian areas.

Food Rationing

The controlled distribution of scarce resources, goods, or services, often implemented during shortages, war, or famine to ensure equitable distribution.