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According to which law can a certain property be used for one specific business activity and require a permission to change that activity to another?
Select one:
a. Franchise Law
b. Safety Law
c. Blue Law
d. Zoning Law
An example of a Blue Law is the law requiring most stores to close on Sundays.
Select one:
a. True
b. False
When supermarkets conspire in setting the same prices for the same merchandise it is called: Select one:
a. Competitive strategy.
b. Violating the federal trade commission act.
c. Vertical price fixing.
d. Horizontal price fixing.
Which part of the retailing mix is the easiest for a competitor to copy from another?
Select one:
a. Advertising Strategy
b. Pricing Strategy
c. Location Strategy
d. Merchandising Strategy
An Understored marketplace is a great opportunity for a new retailer.
Select one:
a. False
b. True
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