Walmart built the base of its retailing market power in small cities and towns.In most of those towns,the size of the marketplace is so small that only one large retailer can successfully exist.This resulted in
A)adverse selection.
B)first-mover advantage.
C)secure strategy.
D)extension form.

Question

Quizplus · Accepted Answer

Walmart's success in small cities and towns was due to their first-mover advantage. They were the first large retailer to enter these markets, which gave them a significant competitive edge over any potential competitors. Walmart was able to establish themselves as the dominant player in these markets, building up their retailing market power, and securing a strong position in these areas. This strategy allowed Walmart to expand its market share in the retail industry, cementing their place as a retail giant.

Walmart Built the Base of Its Retailing Market Power in Small