Home Depot began as a simple retailing concept to provide a one-stop shopping for construction materials and tools whether for the professional or the do-it-yourselfer.It has evolved into a home and garden centre.It now has professional home interior decorators employed to help customers make decisions about lights,wallpaper,paint,etc.It also offers installation services on many of the items it sells.From being a relatively simple concept,Home Depot has become an international chain with higher margins and a diverse list of products.This evolution of Home Depot is consistent with the:
A)wheel of retailing.
B)evolution of retailing.
C)retail cycle.
D)fast food retail cycle.

Question

Quizplus · Accepted Answer

The "wheel of retailing" concept describes how retail businesses start with low-cost, low-margin operations and gradually evolve into more upscale, higher-margin operations, which is consistent with Home Depot's evolution.

Home Depot Began as a Simple Retailing Concept to Provide