The Distinct Competency of a Retailer Relative to Its Competitors

question 34

Multiple Choice

The distinct competency of a retailer relative to its competitors is referred to as _____.

• A)economies of scale
• B)its cost advantage
• C)a focused strategy
• D)its competitive advantage

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Definitions:

Defect Free

A state or condition where a product, service, or process is free of flaws, errors, or deficiencies, meeting all specified requirements.

Six Sigma

A methodological approach aimed at improving processes by identifying and eliminating defects.

Remove Variability

The process of minimizing differences in processes or products to ensure consistency and reliability.

Need To Know

A principle limiting access to information to individuals whose knowledge of that information is necessary for them to perform their duties.