Retail life cycle refers to Multiple Choice O the distinct stages a product goes through before it becomes obsolete. O the process of growth and decline that retail outlets, like products, experience. the cycle of a customer's buying behavior from awareness of a product to its ultimate purchase.

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A: Aggregate­ demand is simply the total desire for goods and services in an economy at a certain price…

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Risk and Uncertainty

Uncertainty refers to a situation when there is one possible outcome of a decision but where the probability of occurrence of each particular outcome is not known or cannot be estimated.