When two or more separately owned retail firms combine, a(n) ________ has occurred
A) downturn
B) merger
C) expansion
D) shrinkage
E) niche strategy
B
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Grid store layouts
A. are also called loop layouts. B. encourage impulse purchasing. C. are used by specialty stores. D. are one of the most aesthetically pleasing designs. E. are cost-efficient.
______ are the limited number of areas in which satisfactory results will ensure successful performance
a. Objective performance standards b. Critical success factors c. Productivity optimization keys. d. Input/output determinants
If the rate of increase in the dollar value of your net worth equals the rate of inflation, then your
A) real net worth is unchanged. B) real income is unchanged. C) nominal net worth is unchanged. D) nominal income is unchanged.
____ is the development of a product that is closely related to one or more products in a firm's existing product line but is designed specifically to meet somewhat different customer needs.
A. Quality modification B. Line extension C. Aesthetic modification D. Feature modification E. Product mix modification