Local retailers can expect to compete with large discount stores such as Walmart and Target.

Question

Quizplus · Accepted Answer

Local retailers often face competition from large discount stores like Walmart and Target, as these stores offer a wide range of products at lower prices due to their bulk purchasing power and economies of scale. However, local retailers can still differentiate themselves by providing personalized service, unique products, and a more convenient shopping experience.

Local Retailers Can Expect to Compete with Large Discount Stores