Dollar General is one of the fastest growing retail store chains in the United States and typically establishes store locations in under-served or rural towns.In the early days,the stores were small with limited product lines but as Dollar General has seen its revenues grow,it's built new stores,added product lines,and has become a major grocery and household item competitor.What concept explains the patterns of change over time for the Dollar General company?

Question

Dollar General is one of the fastest growing retail store chains in the United States and typically establishes store locations in under-served or rural towns.In the early days,the stores were small with limited product lines but as Dollar General has seen its revenues grow,it's built new stores,added product lines,and has become a major grocery and household item competitor.What concept explains the patterns of change over time for the Dollar General company?​

Quizplus · Accepted Answer

The "wheel of retailing" concept explains how retail businesses start with low prices and limited services, then gradually add more services and increase prices as they grow and become more established.

Dollar General Is One of the Fastest Growing Retail Store