Compare and contrast specialty stores and convenience stores
What will be an ideal response?
Specialty stores carry narrow product lines with deep assortments within those lines. They are not necessarily conveniently located for consumers. Convenience stores are small stores that carry a limited line of high-turnover convenience goods. They cater to customers willing to pay a premium for the ease of buying staples close to home.
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FIs typically are concerned about the value at risk of their trading portfolios.
a. true b. false
Until the mid-1990s, MGP Ingredients sold ethanol and animal feed. A steep drop in its sales led the company to focus on developing the first low-carb proteins and starches. The company was able to use existing manufacturing equipment to develop these food additives in response to the growing popularity of the Atkins Diet and similar food regimens. The realization that MGP could use the popularity of the Atkins Diet as a catalyst for success would have occurred in which stage of the new-product development process?
a. developing a business analysis b. establishing the new-product strategy c. exploring opportunities d. screening and concept testing