Question

Wal-Mart has recently opened a store in Alsatia, MissouriTrue/False Several local small retailers have decided that choosing not to respond to Wal-Mart's competitive actions is a viable long-term option, because although the companies have high market commonality they have little resource similarityTrue/False These small retailers are correct in their decisionTrue/False

Answer 1

The statement that several local small retailers have decided that choosing not to respond to Wal-Mart's competitive actions is a viable long-term option is true.

Step-by-step explanation:

The statement that several local small retailers have decided that choosing not to respond to Wal-Mart's competitive actions is a viable long-term option because they have little resource similarity is True.

When Wal-Mart enters a small town, it often puts local retailers at a disadvantage due to its vast resources and economies of scale. While these small retailers may have high market commonality with Wal-Mart, they lack the same level of resources, making it difficult for them to effectively compete. Therefore, their decision to not respond to Wal-Mart's competitive actions can be seen as a viable long-term option.