Author Question: The increase in square footage in a retailers store from 20,000 square feet to 40,000 square feet is ... (Read 153 times)

craiczarry · **on:** Jun 29, 2018

The increase in square footage in a retailers store from 20,000 square feet to 40,000 square feet is an example of:
a. form reconfiguration
b. time reconfiguration
c. possession reconfiguration
d. place reconfiguration
e. expansion

Question 2

What type of competitive environment is characterized by a horizontal demand curve, where the retailer must sell all of its merchandise at the going market or equilibrium price?
a. Perfect competition
b. Oligopolistic competition
c. Pure competition
d. Pure monopoly
e. Monopolistic competition