Business 305 Quiz Questions and Answers Excellent for Exam

Business 305 Quiz Questions and Answers Excellent for Exam

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A discount membership general merchandise store has been educating customers about their business model of a membership fee based on the volume of products they buy. They have been focused on reducing cost through the development of their supply chain and inventory systems. What would you add to the company's strategy as the industry moves from the shakeout phase to the mature phase?

a.  The company should expand the number of stores to serve the growing number of customers who are joining discount membership stores.

b.  The company should monitor prices of similar products at other discount membership stores, such as Costco and Sam's Club, matching prices to maximize profitability and avoid a price war.

c.  The company should close its lowest performing stores, regardless of their profitability, to reduce its excess capacity.

d.  The company should educate customers about the features of discount store membership because not enough customers are aware of the benefits.

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Correct Response b

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