Which of the following statements regarding retailers is CORRECT?
Answer: Retail sales occur in stores but also happen online, through catalogs, by automatic vending machines, and in hotels and restaurants.
Business
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BPM systems include advanced features such as enhanced process modeling, simulation, execution, and monitoring, providing a high level of flexibility while reducing costs.
a. true b. false
Business
Only when prices are cut by less than the size of the cost advantage or the added volume makes up for lower margins per unit does a low-cost/low- ____________________ advantage result in improved profitability.
Fill in the blank(s) with the appropriate word(s).
Business