Question
1. How did the movement of population from rural to urban America affect the economics of retail selling in the early 20th century? Explain with
1. How did the movement of population from rural to urban America affect the economics of retail selling in the early 20th century? Explain with examples.
2. An ever-increasing amount of retail sales (retail sales are spending at grocery stores, shoe/clothing stores, Target/WalMart, etc.) is conducted via the internet (about 15% of total sales). How does this (or can this) affect retail selling in the 21st century?
3. How did the population movement from urban to suburban America affect the economics of department stores (Dillards, Macy's, Saks Fifth Avenue, and myriad others) and grocery stores (Hy-Vee, Fareway, Aldi, and myriad others)? Explain with examples.
4. "Inertia is common to people under both capitalism and socialism, but the market exacts a price for inertia." Explain how & why inertia among mail order businesses (the leading sellers of the early 20th century) was affected by the rise of department stores.
Key Points: Make sure you know/understand how the following can lead to the rise/fall of businesses: changes in an economy or changes with the leadership of organizations.
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