Department stores are now facing increased competition from factory outlets,membership clubs,and flea markets.This illustrates _____.
A)rationalized retailing
B)scrambled merchandising
C)the retail life cycle
D)the wheel of retailing

Question

Quizplus · Accepted Answer

The increased competition faced by department stores from other retail formats such as factory outlets, membership clubs, and flea markets is an example of the wheel of retailing. The wheel of retailing theory suggests that new retail formats emerge and grow, eventually becoming established and facing competition from newer formats that challenge them, leading to their decline and replacement by even newer formats.

Department Stores Are Now Facing Increased Competition from Factory Outlets,membership