Final answer:
Les Schwab Tire Centers, Inc., may not continue to be as successful if it falls on hard economic times due to decreased consumer spending and increased competition. However, strong customer service and reputation may help retain customers.
Step-by-step explanation:
Les Schwab Tire Centers, Inc., may not continue to be as successful as it has been if it falls on hard economic times. When there is an economic downturn, consumer spending tends to decrease, and people may delay or reduce their purchases of non-essential items such as tires. This can negatively impact a company like Les Schwab, which relies on consumer demand for its products.
In addition, hard economic times can also affect the overall economy, leading to increased competition and pricing pressures. If other tire retailers offer lower prices or promotions to attract customers during tough economic times, it could potentially erode Les Schwab's market share and profitability.
However, Les Schwab has built a strong reputation for customer service, which could help it maintain customer loyalty even during hard economic times. The company's commitment to offering free tire repairs and rotations, along with its customer-focused approach, may help it retain customers even if they are more price-sensitive during economic downturns.