The wheel of retailing describes the cycle of stores moving back and forth from rural/suburban areas to urban areas, based on the shifting trends in demographics.

Question

Quizplus · Accepted Answer

The wheel of retailing theory describes how new types of retailers usually begin as low-margin, low-price operations to attract customers and then, over time, evolve into more established businesses offering more services with higher prices and margins. It does not specifically address the movement between rural/suburban and urban areas.

The Wheel of Retailing Describes the Cycle of Stores Moving