According to the ________ hypothesis, new retailing forms often begin as low-margin, low-price, low-status operations to challenge established retailers, then become successful, and eventually take the place of the established retailers they had

challenged.
A) agent
B) broker
C) wheel-of-retailing
D) warehousing
E) retail life cycle

C

Business

You might also like to view...

A group of people from a range of departments tasked with developing products and programs that satisfy the customer's needs is referred to as a ________ team

A) cross-functional B) partner relationship management (PRM) C) customer relationship management (CRM) D) missionary E) transactional

Business

The tendency for decision makers to be overconfident of their ability to control activities and events is known as

A) escalation of commitment. B) the illusion of control. C) intuition. D) groupthink.

Business