According to the retail life cycle with respect to the positions of various current forms of retail outlets, which of the following can be considered to be in the early growth stage?
A)convenience stores
B)factory outlet stores
C)value-retail centres
D)general stores

Question

Quizplus · Accepted Answer

Value-retail centres, also known as discount department stores, are considered to be in the early growth stage of the retail life cycle. They offer a wide range of products at discounted prices and are popular among price-sensitive consumers. Convenience stores and general stores are in the maturity stage, while factory outlet stores are in the decline stage.

According to the Retail Life Cycle with Respect to the Positions