Retail Competition: Overstored & Understored

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What does it mean to have an overstored market?

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1. If a retailer is in an understored market, what does that mean?

2. Competitiveness in an overstored market is _____ an understored market.

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About This Quiz & Worksheet

Take this multiple-choice quiz whenever you feel ready and answer questions on overstored and understored retail competition. You'll be answering questions on concepts like an explanation of an overstored market and what it means for a retailer to be in an understored market.

Quiz & Worksheet Goals

These areas will be covered on the quiz:

  • Difference between competitiveness in an overstored and understored market
  • Condition experienced by an understored market
  • Business approach of a store in an overstored market

Skills Practiced

  • Information recall - access the knowledge you've gained regarding retailers in an understored market
  • Distinguishing differences - compare and contrast main areas from the lesson, such as the competitiveness between an understored and an overstored market
  • Defining key concepts - make sure you can accurately define what an overstored market is

Additional Learning

To learn more about different types of markets, you can review the lesson called Retail Competition: Overstored & Understored. The following points will be discussed:

  • Challenge of a business in an overstored market
  • Benefits to existing in an understored market
  • Prices in different markets
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