In the context of the key distribution strategies, the wheel of retailing accounts for stores that retain their niche as deep discounters.
Answer the following statement true (T) or false (F)
False
Although the wheel of retailing theory does describe many basic retail patterns, it doesn't account for stores that launch at the high end of the market (e.g., Whole Foods) and those that retain their niche as deep discounters (e.g., Dollar General or Taco Bell). See 13-3: Retailers: The Consumer Connection
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The law that governs the relationships between nation-states is known as ________ law
A) private international B) public international C) international business D) international trade
A "best practice" standard
A. is often sufficient justification for maintaining the status quo. B. conforms to established industry standards. C. is a measure of a company's core competence. D. helps a company move toward performing its value chain activities more effectively and efficiently. E. is the sole means of measuring whether or not a company performs a specific task or activity so as to achieve the lowest possible costs.
____________________ markets are made up of individuals who purchase products for personal use, while ____________________ markets are made up of individuals and organizations that purchase goods or services in order to produce products or services.
Fill in the blank(s) with the appropriate word(s).
Seth and Maricela enter into a contract for a sale of goods for a contract price of $1,200 and Maricela has made a down payment of $200. Seth delivers nonconforming goods to Maricela who rightfully rejects them. The best remedy available to Maricela is to:
A) cancel the contract and recover her $200 plus whatever other damages she can prove. B) reclaim the goods and cover. C) resell the goods and recover damages. D) stop delivery of the nonconforming goods and recover payments made.