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Multiple Choice QuestionA way that traditional retailers can compete with online retailers is to:Multiple choice question.require an administered system for alluse franchises that deliverbe so efficient they can beat them on costincrease their market share

Question

Multiple Choice QuestionA way that traditional retailers can compete with online retailers is to:Multiple choice question.require an administered system for alluse franchises that deliverbe so efficient they can beat them on costincrease their market share

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Solution

The question is asking for a method that traditional retailers can use to compete with online retailers. Here are the steps to answer this question:

  1. Understand the question: The question is asking for a strategy that traditional retailers (physical stores) can use to compete with online retailers (e-commerce stores).

  2. Evaluate the options:

    a. Require an administered system for all: This option is vague and doesn't specify how an administered system would help traditional retailers compete with online retailers.

    b. Use franchises that deliver: While this could potentially help traditional retailers compete by expanding their reach, it doesn't necessarily give them an advantage over online retailers, who already have a wide reach.

    c. Be so efficient they can beat them on cost: This is a viable strategy. If traditional retailers can operate so efficiently that they can offer lower prices than online retailers, they could potentially attract more customers.

    d. Increase their market share: This is the end goal, not a strategy to achieve that goal.

  3. Choose the best answer: Based on the evaluation, the best answer is "Be so efficient they can beat them on cost". This is a strategy that, if executed well, could help traditional retailers compete with online retailers.

This problem has been solved

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