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单词 wheel of retailing
释义

wheel of retailing

Definition
A process observed in retail marketing when what is originally a discount store improves its services and products in order to boost prices once it has become established. As it cycles through the wheel of retailing, a discount retail business might develop into a higher end department store, leaving its former niche to be filled by newer discount businesses.
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更新时间:2025/2/2 17:31:38