The development of vending machines and convenience food stores is not explained by the "Wheel of Retailing" theory.

Question

Quizplus · Accepted Answer

The "Wheel of Retailing" theory explains how new types of retailers enter the market with low prices and gradually increase their prices and services. Vending machines and convenience stores do not fit this pattern as they focus on convenience and accessibility rather than evolving from low-cost to high-service models.

The Development of Vending Machines and Convenience Food Stores Is