Paul ran a chain of discount sporting goods stores which struggled for years when Walmart opened in the surrounding area. Walmart carried the same brands as Paul's shops, but Paul couldn't compete with the giant's pricing, so merchandise in his shops didn't sell. Which of the following would have been Paul's best chance for surviving?
A) Paul should consider going out of business
B) Paul should sell other discount sporting brands other than the brands Walmart carries
C) Paul should consider partnering with Walmart's sportswear buyers
D) Paul should advertise more and extend his hours
E) Paul should consider developing a private label for his stores
Correct Answer:
Verified
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