Retail outlets, like products, experience the process of growth and decline, which is referred to as the
A) retail life cycle.
B) wheel of retailing.
C) product life cycle.
D) retail continuum.
E) retail life matrix.

Question

Quizplus · Accepted Answer

The retail life cycle describes the stages of growth and decline that retail outlets experience, similar to the product life cycle for products.

Retail Outlets, Like Products, Experience the Process of Growth and Decline