Figure 13-4Figure 13-4 above shows the wheel of retailing, which indicates that retail outlets typically go through changes with the passage of time, starting at Box A. What characteristics in the wheel of retailing does B represent?
A. low prices, high margins, and high status.
B. higher prices, higher margins, and higher status.
C. moderate prices, high margins, and high status.
D. low prices, low margins, low status.
E. stable prices, low margins, and stable status.
Answer: B
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Ariel, Fouad, Nicola, and Daryush are four managers at Lost Soles Shoes. Each uses a different decision-making style and believes that their style is the best. Ariel always presents the problem to her employees and gathers their opinions and suggestions, but makes the decision herself. Fouad gives his employees the responsibility for making the decision within a set of specified boundary conditions. Nicola makes the decision without asking her employees for their opinions or suggestions. Daryush presents the problem to his employees and seeks consensus, emphasizing that her opinion is only as important as every other employee's in her department. Fouad is using the ________ decision-making style.
A. autocratic B. directive C. delegative D. facilitative E. consultative
Using internal resources to make goods and services that were previously outsourced is referred to as _______.
a. crowdsourcing b. insourcing c. offshoring d. inshoring
Defining the organizational mission forces managers to identify ________.
A. what the labor supply is like in the locations where the organization operates B. what the organization is in business to do C. what the competitor is doing D. what pending legislation will affect the organization
Derek and Abyan were discussing business over lunch when they agreed on the sale of a five-acre parcel of land. Since neither of them had any paper with them, Derek wrote the following on a napkin: "Abyan agrees to purchase from Derek a 5-acre parcel located at the local address of 123 105th Street, St. Joseph, Minnesota, U.S.A. for the price of $4,500 per acre. Transfer of title, payment, and
possession to take place on May 1, 2011." Abyan signed the napkin. On May 1, 2011, Derek was ready to close the deal and transfer title but Abyan refused to pay the purchase price. If Derek sues Abyan for the price of the land, the most likely result will be: A)Abyan will win because the writing is not sufficient under the statute of frauds. B)Derek will win because the writing is sufficient under the statute of frauds. C)Abyan will win because Derek did not sign the writing. D)Derek will win because the statute of frauds does not apply to this situation.