Multiple Choice
________ refers to an evolutionary process by which stores that feature low prices gradually upgrade until they no longer appeal to price-sensitive shoppers and are replaced by a new generation of leaner,low-price competitors.
A) Benchmarking
B) Decision tree model
C) Hawthorne effect
D) Wheel of retailing
E) Hyper-retailing
Correct Answer:
Verified
Correct Answer:
Verified
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