Questions: Brick and mortar retailers must pay attention to the dynamic competitive environment mainly because of competition from - full service wholesalers - the Internet - the economy, - the government

Brick and mortar retailers must pay attention to the dynamic competitive environment mainly because of competition from
- full service wholesalers
- the Internet
- the economy,
- the government
Transcript text: Multiple Choice Question Brick and mortar retailers must pay attention to the dynamic competitive environment mainly because of competition from $\qquad$ full service wholesalers the Internet the economy, the government
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Solution

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Answer

The answer is the Internet.

Explanation
Option 1: Full service wholesalers

Full service wholesalers are intermediaries that provide a range of services to retailers, such as storage, delivery, and credit. While they play a role in the supply chain, they are not the primary source of competition for brick and mortar retailers.

Option 2: The Internet

The Internet has significantly transformed the retail landscape by enabling e-commerce. Online retailers can offer a wider selection of products, often at lower prices, and provide the convenience of shopping from home. This has created substantial competition for traditional brick and mortar stores, which must adapt to remain competitive.

Option 3: The economy

While the economy can impact consumer spending and retail performance, it is not a direct competitor. Economic conditions affect all retailers, both online and offline, rather than creating a competitive dynamic specific to brick and mortar stores.

Option 4: The government

The government sets regulations and policies that affect retail operations, but it is not a competitor. Government actions can influence the business environment, but they do not directly compete with retailers.

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