Asked by Tempest Hansen on Jul 03, 2024
Verified
Because many consumers choose stores based on proximity to their workplaces or homes, great locations are
A) difficult to define.
B) more important than great products.
C) always situated near supply chain members.
D) a competitive advantage that few rivals can duplicate.
E) almost always locations next to big-box discounters.
Competitive Advantage
A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.
Great Locations
Prime or advantageous physical positions for businesses, typically offering high visibility, accessibility, and customer traffic.
Proximity
The physical or psychological closeness between people, places, or things, often influencing interactions and communications.
- Acknowledge the significance of strategic convenience store placements and the principle of "location, location, location" in achieving retail prosperity.
Verified Answer
Learning Objectives
- Acknowledge the significance of strategic convenience store placements and the principle of "location, location, location" in achieving retail prosperity.
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