Which of the following best explains why new retailers often squeeze out older retailers?
A)pyramid schemes
B)shrinkage
C)the 80/20 rule of retailing
D)pop- up retailing
E)the wheel- of- retailing hypothesis

Question

Quizplus · Accepted Answer

The wheel-of-retailing hypothesis suggests that new retailers often enter the market with low prices and minimal services to attract customers, gradually moving upmarket over time, which can squeeze out older retailers who may not adapt as quickly.

Which of the Following Best Explains Why New Retailers Often