Which of the following was not a reason for Circuit City's failure?
A) It had laid off several higher paid employees, including sales personnel.
B) It focused on short-term profits.
C) It established larger stores in superior locations.
D) It did not take the threat of Best Buy seriously enough.

Question

Quizplus · Accepted Answer

Establishing larger stores in superior locations was actually considered a reason for Circuit City's success initially. The decline of Circuit City was due to a combination of factors including focusing on short-term profits, laying off higher paid employees who were knowledgeable and effective salespersons, and not being able to adapt to the changing retail environment and competition from Best Buy.

Which of the Following Was Not a Reason for Circuit