Which of the following retailers compete on the basis of low prices, high turnover, and high volume?
A)specialty stores
B)discount stores
C)general stores
D)department stores

Question

Quizplus · Accepted Answer

Discount stores typically compete on the basis of low prices, high turnover, and high volume. They offer a wide range of products at discounted prices to attract customers who are looking for bargains. Specialty stores, on the other hand, focus on a specific product or service and offer a unique shopping experience for customers who are willing to pay a premium price. General stores offer a mix of products, including both branded and private-label items. Department stores offer a wide range of products, including clothing, home goods, and electronics, and often provide a high-end shopping experience with personalized customer service.

Which of the Following Retailers Compete on the Basis of Low