Hardware chains such as Ace and True Value are losing market share to rivals such as Lowe's and Home Depot in spite of them using a focus strategy. Why?
A. Achieving parity on costs for specialty retailers is difficult.
B. Their costs are the same as those of the national chains.
C. They have too broad a product line.
D. They have equivalent purchasing power as the national chains.
Answer: A
You might also like to view...
Competition, availability and training of employees, anticipated future technological improvements are some of the examples of qualitative factors
Indicate whether the statement is true or false
Explain why delivery skills have become increasingly important in the Communication Age.
What will be an ideal response?
A dividend preference for preferred stock means that:
A. Preferred stockholders are allocated their dividends before dividends are allocated to common shareholders. B. Preferred shareholders are guaranteed dividends. C. Dividends are paid quarterly. D. Dividends must be declared on preferred stock. E. Preferred stockholders prefer dividends more than common stockholders.
The ____________ is the only global organization designed to establish and implement rules of trade between nations.
What will be an ideal response?