A Retailer Gauges the Effectiveness of a Strategy Through Comparing

question 5

Multiple Choice

A retailer gauges the effectiveness of a strategy through comparing its performance to a high performance retailer.This illustrates _____.

• A)downsizing
• B)competitor analysis
• C)benchmarketing
• D)the sales opportunity grid

---

Definitions:

Great Depression

A severe worldwide economic downturn that took place mostly during the 1930s, starting in the United States following the stock market crash of 1929 and leading to widespread unemployment, severe deflation, and significant declines in economic output.

Herbert Hoover

The 31st President of the United States, serving from 1929 to 1933, best known for his leadership during the early years of the Great Depression.

Division Of Labor

The provision of specialized jobs.

Moving Assembly Line

A moving assembly line is a manufacturing process that involves the assembly of products in a sequential manner, with the workpiece moving along a line of stationary workers or machines.