A way that traditional retailers can compete with online retailers is to:Multiple choice question.use franchises that deliverbe so efficient they can beat them on costrequire an administered system for allincrease their market share
Question
A way that traditional retailers can compete with online retailers is to:Multiple choice question.use franchises that deliverbe so efficient they can beat them on costrequire an administered system for allincrease their market share
Solution
The question is asking for a way in which traditional retailers can compete with online retailers. Here are the steps to answer this multiple-choice question:
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Understand the question: The question is asking for strategies that traditional retailers (physical stores) can use to compete with online retailers (e-commerce stores).
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Evaluate each option:
a. Use franchises that deliver: This could be a viable option as it allows traditional retailers to provide a similar level of convenience as online retailers. However, it doesn't necessarily give them a competitive edge over online retailers.
b. Be so efficient they can beat them on cost: This could be a strong strategy. If traditional retailers can operate so efficiently that they can offer lower prices than online retailers, they could potentially attract more customers.
c. Require an administered system for all: It's unclear what this option means. If it refers to implementing a standardized system across all stores, it might improve efficiency but not necessarily competitiveness against online retailers.
d. Increase their market share: This is more of a goal than a strategy. Traditional retailers would need to implement specific strategies to increase their market share.
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Choose the best answer: Based on the analysis, the best answer seems to be "Be so efficient they can beat them on cost". This is a strategy that, if successfully implemented, could give traditional retailers a competitive edge over online retailers.
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