The First Wawa Store Opened in 1964

question 33

Multiple Choice

The first Wawa store opened in 1964.Today the company has 15,000 employees and owns and operates more than 550 units in Ontario,New Brunswick,Manitoba,Saskatchewan,and Alberta.The chain's sales topped $2 billion in 2002.Wawa began as a store for distributing Wawa dairy products.Since then it has gotten into the gasoline business to increase store traffic,but its primary draw is hot meals and cold sandwiches in a quick-service restaurant format that mimics a shopping mall food court.Personalization is a fundamental part of the store concept and is built into things like coffee and sandwiches.Stores have an eight-head cappuccino machine where customers can mix and match whatever flavors they want and add steamed milk or cream,all for the same price as a regular cup of coffee.In addition to being restaurants,Wawa stores also do a big business in a limited line of high-turnover convenience products and can accurately be described as mini-supermarkets.
-Refer to Wawa.In terms of types of retail operations,how could Wawa stores be categorized?

• A) as department stores
• B) as franchises
• C) as discount stores
• D) as convenience stores

Understand Horney's critique of Freudian theory and her contribution to feminist psychology.

Comprehend the categories of behaviors that express a person's needs according to Horney.

Grasp the significance of the idealized self-image and the tyranny of the shoulds in Horney’s theory.

Understand Erik Erikson's theory of psychosocial development, including the eight stages.

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Definitions:

Optimal Level

The most favorable or advantageous point, level, or condition in a process or activity, often involving the maximization of efficiency or profit.

Market Demand

This refers to the total demand for a product or service by all consumers in a particular market.

Competitive Firm

A company that operates in a market where it must compete with other firms for customers, characterized by the inability to control market prices.

Higher Profits

Increased earnings resulting from a rise in revenue, a decrease in costs, or both.