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 decline stage?
A)value-retail centres
B)single-price stores
C)fast-food outlets
D)general stores

Question

Quizplus · Accepted Answer

General stores can be considered to be in the decline stage of the retail life cycle as they have been replaced by modern supermarkets and specialty stores that offer a wider range of products and services. Value-retail centres, single-price stores, and fast-food outlets are still in the growth or maturity stage of the cycle.

According to the Retail Life Cycle with Respect to the Positions