The index of retail saturation equals local market potential ...

[sjones]

The index of retail saturation equals local market potential ________ local market retail space.
 a. plus
 b. minus
 c. divided by
 d. multiplied by

Question 2

In 2000, Will Monger started a HMR (Home-Meal-Replacement) carryout. In order to gain a competitive foothold, Will offered low prices with very few extras. As his business grew, Will started adding services, such as a carry-out window, and gradually had to increase prices to cover the costs of these services. Today, Will is vulnerable to new, low-price competitors. This is an example of which of the following retailing theories?
 a. The high price revolution
 b. The retail accordion
 c. The retail life cycle
 d. The wheel of retailing
 e. Resource-advantage

[allisonblackmore]

Answer to Question 1

c

Answer to Question 2

d

[sjones]

Excellent

[6ana001]

Thanks for the timely response, appreciate it