The high total sales volume from off-price chains,factory outlets,membership clubs,and flea markets can be explained by _____.
A)the retail life cycle
B)scrambled merchandising
C)retail downsizing
D)the wheel of retailing

Question

Quizplus · Accepted Answer

The high total sales volume from off-price chains, factory outlets, membership clubs, and flea markets can be explained by the wheel of retailing, which suggests that low-price formats emerge and grow by offering lower prices than traditional retailers. As they become more established and upscale, they may lose their cost advantage, and new low-price retailers enter the market, starting the cycle again.

The High Total Sales Volume from Off-Price Chains,factory Outlets,membership Clubs,and