The Type of Business That Does Well When Located near Competitors

question 33

Multiple Choice

The type of business that does well when located near competitors is:

• A)one that has a unique product line,dissimilar to that of its competitors.
• B)one that sells high-priced products that customers comparison shop for.
• C)one whose location is part of its trademark.
• D)one located in an incubator.

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Definitions:

Distribution

The process of moving goods from production locations to points of sale and ultimately to end consumers.

Supply Chain

The entire system of producing and delivering a product or service, from the initial sourcing of materials to the delivery to consumers.

Response Time

The duration taken to react or respond to a request, requirement, or stimulus, crucial in customer service and operational efficiency.

Order Visibility

The ability to track and monitor the progress of orders throughout the supply chain, from placement to delivery.