The greater the diversity of retail formats,the greater the:
A) competition in the industry
B) level of service provided to customers
C) maturation in the domestic market
D) price points
E) variety within a format

Question

Quizplus · Accepted Answer

When there is a greater diversity of retail formats, there is more competition in the industry. This is because there are more ways that customers can shop and more options for them to choose from. As a result, retailers must work harder to differentiate themselves and provide better value to customers. This can lead to lower prices, better service, and more innovation in the industry.

The Greater the Diversity of Retail Formats,the Greater The