The wheel-of-retailing hypothesis can be used to explain the development and evolution of all forms of retailing.

Name: The wheel-of-retailing hypothesis can be used to explain the development and evolution of all forms of retailing.
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Question

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The wheel-of-retailing hypothesis primarily explains the evolution of retail outlets focusing on price and service dynamics, but it does not account for all forms of retailing, such as luxury or niche markets that do not follow the typical low-price entry strategy.

The Wheel-Of-Retailing Hypothesis Can Be Used to Explain the Development