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
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________ are noncitizens of the countries in which they are working
A) Home-country nationals B) Third-country nationals C) Expatriates D) Locals
Business
Many small businesses fail because they are selling products or services that are new and untried. This sounds like the definition of innovation. Yet, why does this often lead to failure of an enterprise?
What will be an ideal response?
Business